Russians most often want to launch IT startups and usually they manage to find investments in an average of 10 months, TASS reports with reference to the study of the Onestart crowd-investing platform.
Experts clarify that more than 1.4 thousand projects were analyzed as part of the study. Thus, 15 per cent of business projects requiring investment are tied to IT technologies. Next in popularity are projects related to the production of goods (12 per cent) and food tech (11 per cent). The least likely investors are looking for design projects (less than 1 per cent).
As a rule, a company has to select worthy projects for investment among hundreds of applications. In 2019, the growth of projects seeking investment was 16 per cent compared to the previous year. It is specified that the average time for projects to find investment was 10 months in 2020, which is 44 per cent more than in 2019.
In addition, it is noted that total investment in 2019 increased by 25 per cent. However, due to the pandemic in 2020, their average cost fell sharply so that in total less than 15.5 million rubles were required to implement business ideas and the average startup budget fell by 91 per cent.