YOU CAN’T REST ON YOUR LAURELS AFTER STARTING A BUSINESS
At the end of May, the Russian capital hosted the Moscow Week of Entrepreneurship – one of the biggest events for Moscow’s business community. The Moscow government organized it to support the development of small and medium-sized businesses in the capital.
Sergey Sobyanin invited people to the Moscow Week of Entrepreneurship back in the middle of April. On his Twitter page, he posted that “there will be opportunities to meet with successful entrepreneurs, get consultations, and find business partners.” This year, over 60,000 people attended the Moscow Week of Entrepreneurship, including 1,500 speakers and experts.
According to the latest figures from the international information and analytical portal StartupBlink, Moscow is in tenth place on the global rating of cities with the most favorable conditions for startups. It’s worth noting that in two years the Russian capital has pulled ahead of Beijing, Toronto, and Paris on the list.
As Gennady Nikolaev, an expert at the Academy of Financial and Investment Management, pointed out in an interview with RT, approximately 450 new start-ups are registered in Moscow every day, and 35 technology parks have already been created to support entrepreneurs. Moreover, according to the analyst, tax revenues from small and medium-sized businesses grew by 47% to 473.8 billion rubles since 2016, and currently make up about a quarter of the city budget revenues.
“The city’s tech infrastructure also promotes the development of these projects. For example, mobile internet service costs a fifth of the price you would pay in New York or San Francisco,” Nikolaev said, “And conditions for startups are improving not just in the capital, but in other Russian cities as well.”
According to Alexander Kalinin, President of the Russian Public Organization of Small and Medium-Sized Businesses Opora Russia, Moscow is one of the world’s small business development centers and one of the leaders in this field. It’s a hub that combines intelligence, capital, opportunities, and space. It’s apparent that the Mayor of Moscow has set a goal – to make the city a world leader in terms of economic and business project development. The city works with a large array of people, creating new markets. For example, Moscow is in the top 5 cities in the world in terms of IT infrastructure.
Additionally, industrial sites are now being reformatted to make space for the development of creative and entrepreneurial projects – there are coworking centers, IT parks, and new technology parks. A lot is being invested in the development of quality spaces.
Dmitry Kibkalo, founder of the Mosigra board games store chain and Magellan publishing house, owner of the Meteor football schools network, believes that Moscow Week of Entrepreneurship is a big event. It’s also a great chance to communicate with smart people. Small and medium-sized enterprises really need the support of the city at all levels. Ideally, there should be a symbiosis of business and government – this is beneficial and convenient for everyone, including the citizens themselves. This kind of support is needed by young people, even at the level of obtaining the right information.
At the end of Moscow Entrepreneurship Week, entrepreneurs were awarded the capital’s first “Breakthrough of the Year” business prize at a State Kremlin Palace ceremony. Four contenders competed for the prize in the main nomination category – the heads of companies specializing in robotics, industrial design, legal services, and the production of cosmetics..
The Grand Prix was awarded to Mikhail Krapivniy – CEO of the full-cycle design bureau M&T Prod, which specializes in industrial design and 3D printing. The project is unique because it provides services for all spheres of manufacturing. Sergey Sobyanin announced the name of the Grand Prix winner on the stage of the Moscow Kremlin Palace, adding that constant development is important for entrepreneurs. “An entrepreneur risks their fate, and does so throughout their entire life, so an entrepreneur can’t simply rest on their laurels after starting a business,” the Mayor of Moscow said, “It’s constant movement, constant changes, constant competition, constant worries.”