13 February 2018

This statement was announced by the head of the regional development institute for innovative-technological development of the region during the council’s session

Last Friday Council’s members have discussed the question on formation of the regional association  “White Wings”, which will be engaged in venture financing. The idea of private investors association, supposed by the Governor of the region Evgeniy Savchenko, was conceptually elaborated and presented   by the Belgorod region Duma deputy and businessman  Alexander Shcheglov. 

According to his words, practice of financial and expert support of the companies at earlier stages of development is widely spread in the world, but still needed to be replicated at places. 

Every successful company had once so called  “business angel”, which had  a trust in this company, invested his money resources, experience and communications in a moment without rational indexes, - noted the head of the project, appealing to businessmen with the claim to enter the association. 

In their turn, lots of entrepreneurs noted, that actually they are business angels already for several regional projects, that’s why “White Wings”   received full approval of the business community.

Helping business angels to evaluate and develop startups will be accelerator structures: Development Corporation, Business Space Contact, Northern Industrial Park, Entrepreneurship Support Fund, Guarantee Fund for Credit Assistance.

Thus, the head of the Corporation for Development Konstantin Teterin believes that today it is important not only to act as mentors and curators of business ideas, but also to create conditions for their retention in the region.

One of the main problems, according to the members of the Innovation Council, is the development of a mechanism for interaction between smart investors and project initiators, thanks to which beginning entrepreneurs could receive an analysis of their project and a decision on it in the "one-stop" mode. For these purposes, a unified information resource will be created in the region. However, its effectiveness can be assessed only after the launch. In parallel, business angels will start working with the first projects.

It is also planned that in the near future "White Wings" will join the national association of business angels, cooperating with the largest organizations on the development of start-ups in Russia.