13.11.2026, 13:36
In Russia are worried about a drop in investments in startups
Source: OREANDA-NEWS
OREANDA-NEWS The continued decline in the Russian venture capital market, that is, risky investments in promising startups, some of which can bring many times more profit, has worried officials and investors themselves. Investment support measures were discussed by the participants of the meeting held the day before, on November 12, in the Federation Council, Kommersant reports.
In the first ten months of 2026, the amount of funds invested in such transactions decreased by 36 percent year-on-year, to 8.1 billion rubles.
To remedy the situation, the Ministry of Economic Development proposed to reform the institute of investment partnerships, simplifying the participation of individuals in it, and the Internet Initiatives Development Fund (IIDF) would like to introduce a deduction for investments in innovations in the amount of up to 50 percent of the federal income tax.
Kirill Varlamov, Director of the IIDF, stressed during the meeting that the venture capital market is in a state of "terrible underfunding." In fact, the fund believes that investments in startups in the country should grow 50 times or more, to 600 billion rubles, for a normal state.
Yulia Povolotskaya, CEO of the Moscow Venture Fund, said that only 105 deals were completed in January-October, which is 31 percent less than a year earlier. The share of business angels (as those who invest small amounts of money are called), who influence the state of startups at the beginning of the journey, fell from 27 to 15 percent.
In addition, the IIDF asks not to tighten the requirements for individuals to pay personal income tax when selling or redeeming shares, bonds and units of closed-end mutual funds in high-tech sectors of the economy. Otherwise, the venture capital market will face a new outflow of funds.
In May 2024, Varlamov, noting the enormous shortage of money in the venture capital market, suggested that government attempts to push the venture capital market would not work due to a misunderstanding of the obligation of risk. "Today, one official gave you the right to take risks, and tomorrow another came and imprisoned you," explained the head of the IIDF. According to him, the development was observed until 2021, after which the model broke down.
In the first ten months of 2026, the amount of funds invested in such transactions decreased by 36 percent year-on-year, to 8.1 billion rubles.
To remedy the situation, the Ministry of Economic Development proposed to reform the institute of investment partnerships, simplifying the participation of individuals in it, and the Internet Initiatives Development Fund (IIDF) would like to introduce a deduction for investments in innovations in the amount of up to 50 percent of the federal income tax.
Kirill Varlamov, Director of the IIDF, stressed during the meeting that the venture capital market is in a state of "terrible underfunding." In fact, the fund believes that investments in startups in the country should grow 50 times or more, to 600 billion rubles, for a normal state.
Yulia Povolotskaya, CEO of the Moscow Venture Fund, said that only 105 deals were completed in January-October, which is 31 percent less than a year earlier. The share of business angels (as those who invest small amounts of money are called), who influence the state of startups at the beginning of the journey, fell from 27 to 15 percent.
In addition, the IIDF asks not to tighten the requirements for individuals to pay personal income tax when selling or redeeming shares, bonds and units of closed-end mutual funds in high-tech sectors of the economy. Otherwise, the venture capital market will face a new outflow of funds.
In May 2024, Varlamov, noting the enormous shortage of money in the venture capital market, suggested that government attempts to push the venture capital market would not work due to a misunderstanding of the obligation of risk. "Today, one official gave you the right to take risks, and tomorrow another came and imprisoned you," explained the head of the IIDF. According to him, the development was observed until 2021, after which the model broke down.
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