New economy (High-Tech)

New economy

Фото

The innovative potential of Russia is concentrated in Moscow: Moscow accounts for more than 20% of research and development organizations; 30% of scientific personnel; 65% of largest IT companies; 28% of utility model and invention patents granted in Russia.

Moscow's innovative potential and annual development is confirmed by the world ratings: in 2017, Moscow took 43th place among 500 cities of the world in the Innovation Cities Index ranking 2016-2017: Global agency 2thinknow (+149 positions from 2011).

Main advantages for investors:
  1. The innovative products market is growing fast.
  2. Qualified staff, a high scientific potential.
  3. A developed innovative business infrastructure.
  4. A lot of successful private innovative enterprises.
  5. Active support from the Government of Moscow.
Main advantages for the city:
  1. Creation of high-paying and high-performance jobs.
  2. Increase in the production and export of high-tech products with high added value.
  3. Creation of conditions for long-term economic growth.
  4. More active integration into the global economy.
  5. Working places for the creative class.
Priority areas for private investors:
  1. Electronics, microelectronics, nanoelectronics.
  2. Development of new materials, laser and radiation technologies.
  3. Aerospace complex.
  4. Pharmaceuticals (research and development).
  5. Production of medical equipment and high-tech medical services.
  6. Telecommunication and information technologies.
Support measures:
Regulations:
  • Law of the City of Moscow dated 7 October 2015 No. 55 “On the manufacturing policy of  Moscow City”
  • Law of the City of Moscow dated 7 October 2015 No. 54 “On the investment policy of the City of Moscow and government support for the subjects of investment activity.” 
  • Law of the City of Moscow dated 7 October 2015  No. 52 “On establishing the rate of corporate property tax for companies carrying out investment activities, managing companies of technoparks and industrial (production) parks, anchor residents of technoparks and industrial (production) parks.”  
  • Law of the City of Moscow dated 7 October 2015 No. 51 “On amending Article 4 of  Law of the City of Moscow dated 5 November 2003 No. 64 “On corporate property tax” and Article 3.1 of Law of the City of Moscow dated 24 November 2004 No. 74 “On land tax”.
  • Resolution by the Moscow City Government dated 11 February 2016 No. 38-PP “On measures to implement the industrial and investment policy of the city of Moscow”.  
  • Resolution by the Moscow City Government dated 13 November 2012 No. 646-PP “On approving the procedure for granting subsidies from the Moscow city budget to companies operating in the innovative sphere, the sphere of supporting innovative activities, and managing companies of the technological parks of the city of Moscow”
  • Resolution by the Moscow City Government  dated 17 September 2013 dated 618-PP “On approving the Procedure for granting subsidies from the Moscow budget to companies in order to compensate some expenses related to provision of secondary professional education in the professional educational institutions carrying out educational activities in Moscow, and the Procedure for providing grants in the form of subsidies from the Moscow budget to companies popularising manual professions, entrepreneurial and innovative activities among children”
  • Decree by the Moscow Department of Science, Industrial Policy and Entrepreneurship dated 7 July 2014 No. P-18-12-195/4 “On selecting the recipients of subsidies from the Moscow budget to companies creating an innovative infrastructure in Moscow for the purposes of compensating some expenses related to creation, development and (or) modernisation of their material and technical basis.”
Investment initiatives:

If you have your own investment ideas or projects or if you want more detailed information on existing Moscow investment projects,please contact the Moscow City Investment Agency.