The “Skolkovo” Foundation announced the launch of the program of microgrants. Non-repayable loans with the amount up to 1.5 million roubles are available for startups participating in the programs of the foundation development. This was reported in a press release. The term of consideration of applications for the grant will make up a maximum of 20 days: the project no longer needs an external expertise or investors to invest in the start-up jointly with “Skolkovo” in order to be approved.
According to the vice-president of the foundation for grants and expertise Kirill Bulatov, in order to receive a grant, projects have to pass only a “rather formal scoring”; the approval procedure held with the Grant Committee will be simplified. The projects will be able to use microgrants for solution of local tasks and the tasks that do not require significant investments, the tasks of creation and finalization of prototypes, testing, participation in conferences and exhibitions, as well as the protection of intellectual property. Microgrants cannot be used to pay the rent or be spent on salary fund.
Author: Anna Dorozhkina