The mechanism of “Investment Elevator” is a complex program to assistant the development of non-primary companies, having an exports potential. The mechanism is aimed at lifting restrictions and ensuring a dynamic growth of the business to increase the share of exports in the revenues of promising Russian companies.
The initiative is implemented by: the Agency for Strategic Initiatives, Vneshekonombank, the Russian Direct Investment Fund, the Russian Exports Center – based on the quadripartite agreement on the assistance to non-primary export-oriented companies. The mechanism of “Investment Elevator” was approved on May 27, 2015 at the meeting of the Supervisory Board of the Agency for Strategic Initiatives.
“Actually, it is important for the country to increase the non-primary exports component and to do it fast enough. The Investment Elevator will allows for solving this problem using financial and non-financial measures. The role of the ASI in this mechanism will be the facilitation and acceleration of procedures to obtain assistance, including lifting of excessive administrative barriers, helping in “packaging the projects”.
“We have to support those who manufacture competitive products. Today, there are about 200 companies in Russia who work in this segment and already export their products abroad. We plan to start with them, and then to create a tool which any company could use who is able to export something. We do not want to create tools allocated based on the sectoral principle. I think that any businessman who is able to export must unconditionally receive all the opportunities we are ready to give him, including opportunities for trade missions”.
“There is a number of medium companies who have a significant potential for growth in Russia, but now they cannot find equity financing as such. The President gave instruction to the Agency for Strategic Initiatives, Vneshekonombank and us (RDIF) to create those products that enable such companies to efficiently develop. On the other part, we are ready to provide the required equity financing. We believe that the Vneshekonombank is able to provide interest debt financing, the ASI can support these projects. It is possible to create 20-30 successful examples of medium companies that grow, including are able to export goods from Russia”.
“Earlier, we talked about program of exports financing supports. They are unconditionally demanded. But under actual condition, this is not sufficient: a support system requires both financial and non-financial measures. We will focus on medium companies, as they have the greatest potential to increase the exports”.
The main goal of the Investment Elevator mechanism is a comprehensive cooperation between the business and the public executive authorities, development institutions, state financial organization and other service partners responsible for provision of various measures of state support in the process of foreign economic activity.
The expertise of projects and companies applying for support is carried out by a consultative body – the Working Group that ensure the efficiency and transparency of the “Investment Elevator” mechanism.
Chairman of the Working Group
Co-Chairman of the All-Russian Public Organization “Business Russia”, Chairman of the Committee for Investment Policy of the Chamber of Commerce and Industry of the Russian Federation
Deputy Chairman of the Working Group
Member of the Managing Board of the Russian Union of Industrialists and Entrepreneurs, Chairman of the Managing Board of the Non-Profit Partnership “The National Agency for Direct Investment”
Executive Secretary of the Working GroupHead of the Department for System Projects of the Direction “New Business” of the Agency for Strategic Initiatives