A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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How to Raise a Unicorn: Attracting Investment to the Innovation Sector
15 February 2018

Over the last 30–40 years, the role of knowledge and innovation in the socioeconomic development of society has been growing at an unbelievable pace. The innovative economy is today taking on a particular relevance as one of the mechanisms accelerating economic growth. Investment resources are playing a key role in this. There is currently a shortage of long-term investment in Russia, including in terms of resources from institutional investors in the innovation sector, at a time when contributions from such investors are forming a significant share of investments abroad. Startups serve as a major generator of innovative products. Every newcomer to innovative business dreams of raising a unicorn company. Giants like Uber and Airbnb have demonstrated that raising a unicorn really is possible! A programme is already being implemented in Russia to provide state support to ‘national champions’ — fast-growing companies with the potential to increase export revenue, although the growth of companies like these is limited unless significant investment can be attracted or they go public. Who are these unicorns exactly — are they a myth, or a reality? Is there a future for Russian unicorn startups? Could the Moscow Exchange become a key mechanism for ‘rearing’ companies like these? What government support tools could be used to help unicorn companies? How realistic is it for a Russian technology company to float on the Russian stock exchange? What conditions need to be put in place in order to attract funds from institutional investors into the innovation sector of the Russian economy? What new tools need to be developed for investment in innovative companies?

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