The NTI Sovereign Technology Fund (STF NTI) plans to organize three new sub-funds that will invest in projects in the field of drones, artificial intelligence (AI), biotechnology, robotics, micro- and radio-electronics, wireless communication technology and the aerospace industry.

The Sovereign Technology Fund will invest 18 billion rubles in drones, space and artificial intelligence

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The total volume of the subfunds will amount to 18 billion rubles, Vedomosti reports citing Deputy General Director of the National Technology Initiative (NTI) Project Support Fund Dionis Gordin.

According to him, NTI expects that most of the declared amount will be contributed by the partners, but the names of these companies are not revealed.

The Sovereign Technology Fund was created in April 2023. Currently, four subfunds have been created with the participation of the Federal Tax Service. During the first year of operation, the Federal Tax Service invested almost 400 million rubles and the fund’s total investment obligations amount to 6.8 billion rubles.

According to Gordin, 500 projects submitted investment applications during the first year. For the entire period, the fund has invested in two projects (the Yakut Extra Cinema startup received 100 million rubles, the second project works in the field of drones, its name and investment amount are not specified), three more are in a high degree of development.

Author:

Anastasia Marina

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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