Moscow Authorities to Pay Subsidies to Technology Parks Residents

Residents of Moscow technology parks will be able to apply for payments, reports the head of the Moscow department of entrepreneurship and innovative development Aleksei Fursin, according to the official website of the Moscow Mayor.

According to Fursin, the city authorities compensate residents of the technoparks up to 10 million rubles for the purchase of equipment, repayment of loans and leasing payments. In 2019, residents of technology parks concluded 33 agreements for subsidies totalling 110.76 million rubles.

The financial support will allow enterprises to strengthen their market position and create unique products. In the technology park, more than 50 per cent share of domestic participation is required. Companies will be able to receive payments without debts on taxes and subsidy agreements for the last three years.

Ru-Main, 07.03.2020 

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