RVC, Russia’s government-owned fund of funds for innovation, announced the start of a new competition to pick partners eligible for government grants. This time, the grantees will be what RVC refers to as “leading research centers” (LRCs) and “corporate leaders”, or LRCs’ industrial partners, which form partnerships to develop products, services and platform solutions based on disruptive digital technologies.
These advanced tech priorities include artificial intelligence, big data, robotics, sensors, quantum tech, distributed ledger systems, wireless communications tech, disruptive manufacturing processes, virtual and augmented reality, and some others.
The new RVC program will benefit Russian-based researchers that have international collaboration experience in advanced tech focused R&D.
LRCs will be expected to develop programs based on what their corporate partners need from them. All the technologies LRCs must bring about will eventually be transferred into the industrial partners’ ownership for further introduction to the real economy.
The corporate leaders will be expected to bring to market new products based on some of the above-mentioned disruptive technologies, which would outperform analogs that currently exist in the Russian market. RVC is expecting proceeds from the future sales of new products to considerably surpass the moneys developers will have received as government support.
It is a three-year long, grant-based support program. LRCs are eligible for a maximum of $4.6m per center, and their corporate leaders can get as much as $3.9m per partner. This year, a total of $79m may be allocated from federal coffers to back the initiative.
This new support program is aimed at stepping up the digital transformation of Russia’s priority economic sectors and social areas through incentivizing developers of most cutting-edge technology solutions.
This story initially appeared in Marchmont Innovation News, Russia’s daily business news website.