The Next Generation of Entrepreneurs
4 September 2021
The Far East is a region of focus for the government and entrepreneurs alike
Our government is paying more attention to the Far East and is beginning to urge the [entrepreneurial – ed.] community to join them and work together — Denis Molodtsov, President, Far East Entrepreneurs Club.
Entrepreneurs in the Far East require consolidation
Naturally, consolidation via business communities and public associations is needed. This is only so that we can be nurtured as entrepreneurs, as we look to build the right image of entrepreneurship among members of generation now, and properly convey it to the next generation – our children — Maxim Moskvitin, Owner, ‘Your City’ Plant.
As a matter of fact, no entrepreneurship – be it youth entrepreneurship or adult entrepreneurship – can survive without consolidation, without managing a flow of interests on a systemic basis — Yury Saprykin, Vice President for Regional and International Development, Skolkovo Foundation.
The characteristics and perceptions of the Far East make doing business there different from doing business in Russia’s central regions
We are people of the Far East, and we have a completely different approach – not only to business and work, but also to life. <...> The phrase, ‘the grass is not always greener on the other side’ could be applicable to us – entrepreneurs of the Far East – as we seek to positively impact the development of our region — Maxim Moskvitin, Owner, ‘Your City’ Plant.
The key to the development of the Far East lies in part not so much in supporting what’s already there, but in creating something new. That’s because without this new element, there will be no nutritional basis for subsequent development. <...> The incubation period for supporting tech entrepreneurship and youth entrepreneurship in the Far East has passed. Successful case studies exist to aspire towards. <...> The atmosphere of trusting these kinds of initiatives has improved substantially — Yury Saprykin, Vice President for Regional and International Development, Skolkovo Foundation.
A lack of communication and mentorship
Who knows what measures are in place in the EAEU, and what forms of barrier-free business exist? Nobody knows! It’s a complete oversight — Tatyana Seliverstova, Deputy Head, Youth Projects and Programmes Directorate, Russian Youth Association.
The topic of mentorship may well be old hat, but it is nevertheless crucial today. Today, entrepreneurs don’t know where they can find a mentor — Tatyana Seliverstova, Deputy Head, Youth Projects and Programmes Directorate, Russian Youth Association.
A great many good things are being done, but the results don’t always get to the entrepreneurs – not everyone knows about them. This is an important issue, and has to do with communication – something which all businesses are in fact built upon — Denis Molodtsov, President, Far East Entrepreneurs Club.
The remoteness of the region, together with its location and low population density are all negatively impacting business
What difficulties does the business community in the Far East face? A large territory, low population density, and a relatively low number of successful entrepreneurs who could potentially directly share their experience and knowledge — Denis Molodtsov, President, Far East Entrepreneurs Club.
When infrastructure was put in place at universities to support youth entrepreneurship, very little consideration was given to who would take advantage of it — Aleksey Ezhov, Chairman of the Youth Council, Russian-Chinese Committee for Friendship, Peace and Development.
Difficulties in doing business with international neighbours
By forging links to China, an enormous market opens up. <...> However, according to statistics, only around 10% of entrepreneurs have opened up a path to China. <...> The problem of establishing contacts is a very serious one. <...> If we fail to understand [our partners from China – ed.], we will miss out on a chance to enter one of the biggest markets – the chance to achieve proper economic growth, and the chance to develop in tandem with the great Asian tiger — Aleksey Ezhov, Chairman of the Youth Council, Russian-Chinese Committee for Friendship, Peace and Development.
The Far East offers a number of features due to its proximity to the Asia-Pacific region, and in my view, we – as Skolkovo – and other development institutions have yet to unlock this potential — Yury Saprykin, Vice President for Regional and International Development, Skolkovo Foundation.
Fostering communication through dialogue with colleagues and government bodies
Big-name, top entrepreneurs come to the Far East very often. These people could communicate with the business community via clubs and universities. They could give some of their time <...> and share their knowledge — Denis Molodtsov, President, Far East Entrepreneurs Club.
Right now, we have begun to communicate with the Eurasian Economic Commission. They came to the Eastern Economic Forum to teach entrepreneurs to think more globally in terms of imports and exports — Tatyana Seliverstova, Deputy Head, Youth Projects and Programmes Directorate, Russian Youth Association.
The programme [to boost youth entrepreneurship – ed.] was officially launched yesterday in 30 regions across Russia. <...> We would like to create an integrated communication platform involving other clubs at the regional and city level. We want to create an integrated information channel covering events by Rosmolodezh and the Ministry of Economic Development of the Russian Federation. <...> We will build a community — Tatyana Seliverstova, Deputy Head, Youth Projects and Programmes Directorate, Russian Youth Association.
Supporting young businesspeople through improving terms under the Far East’s mortgage programme
How can we help young entrepreneurs? <...> For any entrepreneur, the most important thing is family – what kind of home can they have, and what mood will they be in as they head off the next day to make money? These are very important considerations. There are now plenty of affordable housing initiatives in place in the Far East. <...> I think there is now the real possibility for people under 35 who have paid off their Far Eastern mortgage early to take out another one. <...> I propose making multiple Far Eastern mortgages available to those who have paid off their first one — Yevgeny Tulubensky, Director, Mazer Group.