Moscow Agency of innovations has commenced the selection of tech startups for the provision of prototyping and industrial design services. The process is initiated under the agreement between the Ministry of Economic Development of the Russian Federation and Moscow Department of Science, Industrial Policy and Entrepreneurship.
Tech startups will have an opportunity to reduce their costs associated with the creation of commercial prototypes. Qualified Moscow startups seeking new growth and business development opportunities will be able to receive financial support to partially cover service costs associated with the design and prototyping of new products.
Financial support can cover up to 50% of costs incurred (but no more than 4 million rubles). Services will be provided by a dedicated engineering company after the confirmation of technical specifications with the startup.
Interested parties can submit their applications through July 20, 2016.