... market increasingly international. Russia and CIS: Local Focus Amid Global Trends Active steps are being taken in Russia and neighboring countries to develop their own startup ecosystems in light of global trends. At the Petersburg International Economic Forum (SPIEF-2025), a new venture fund was announced, with participation from the state bank PSB, targeting a volume of around 12 billion rubles for investments in dual-use projects — from drones and artificial intelligence to robotics. PSB is a cornerstone investor in this fund, also attracting private capital; even amid sanctions, the market seeks opportunities to finance prioritized technologies ...

... countries to develop their own startup ecosystems while keeping global trends in mind. At the St. Petersburg International Economic Forum (SPIEF-2025), a new venture fund from PSB Bank was announced in collaboration with partners—targeting a volume of around ... ... players are also beginning to show activity: for example, the venture firm Kama Flow launched a new fund of 10 billion rubles for investing in mature startups. Even under sanctions, the market is seeking opportunities to finance priority technologies and aims ...

... CIS: Local Focus Amid Global Trends Despite external constraints, active steps are being taken in Russia and neighboring countries to develop their own startup ecosystems, aligned with global venture trends. At the St. Petersburg International Economic Forum (SPIEF-2025), a new venture fund from PSB Bank was announced in partnership with others (target amount – 12 billion rubles) to invest in dual-use projects (drones, AI, robotics, and other high-tech areas). Besides government institutions, private players have started to show activity: for example, venture firm Kama Flow launched a new fund of 10 billion rubles for investments ...

... in line with global trends. A new venture fund from PSB Bank was announced during the St. Petersburg International Economic Forum (SPIEF 2025), with a target size of around 12 billion rubles, aimed at supporting dual-use projects (drones, AI, robotics,... ... players have started becoming active: for example, the venture firm Kama Flow launched a new fund worth 10 billion rubles for investments in mature startups. Even amidst sanctions, the market is seeking ways to finance priority technologies and aims to ...

... neighboring countries to develop their own startup ecosystems in line with global trends. At the St. Petersburg International Economic Forum (SPIEF-2025), a new venture fund from PSB Bank was announced in partnership with others — targeting around 12 billion ... ... private players are becoming active: for example, the venture firm Kama Flow has launched a new fund of 10 billion rubles for investments in mature startups. Even under sanctions, the market is seeking opportunities to finance priority technologies and ...