Sovereign Technologies Venture Fund appeared in Russia
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The NTI Project Support Fund (National Technology Initiative) and Popov Radio Corporation JSC have created the NTI Sovereign Technology Venture Fund (NTI FST). It is organized in the form of an investment partnership as part of the NTI Venture Financing project, Dionis Gordin, investment director of the NTI Project Support Fund, told Vedomosti.
The NTI Foundation has already invested 1.7 billion rubles in the NTI FTS, and the total expected investment in the fund is estimated at 6.4 billion rubles. This will allow, until 2029, to support at least 20 NTI projects in the field of unmanned aircraft and cargo delivery, micro- and radio electronics, robotics, wireless communication technologies, etc.
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