Director General of the Agency for Strategic Initiatives: Fund for Support of Social Entrepreneurship will appear in Russia

Svetlana Chupsheva, General Director of the Agency for Strategic Initiatives (ASI), has proposed to create the Federal Fund for Support of Social Entrepreneurship in Russia, and Vladimir Putin, the President of the Russian Federation, supported this idea. In the nearest future, the concept will be coordinated with the entire expert community, development institutions that are somehow engaged in this issue, and will be presented for a wide audience.

The head of the ASI noted that the key role of this fund will be in replicating the best practices, educational programs, creating accelerated program models, as well as training tutors who will help at the start, i.e., in fact, bringing projects to attract investment. The Fund will also help to interact with development institutions to raise funding, and it will be the fund which will provide venture financing for start-ups in the social sphere.

Svetlana Chupsheva has also added that in Russia a pool of "pioneer regions", leaders in the development of social entrepreneurship, has already been formed, and they pay great attention to this issue and create an infrastructure. These are the regions that first adopted regional road maps on the access of the non-state sector to the social sphere.

The issue of the development of social entrepreneurship will also be discussed at the St. Petersburg International Economic Forum (SPIEF) within the framework of the "Infrastructure for the Development of Entrepreneurship and Innovations in the Social Sphere" session. The experts will answer the questions whether there is a need for the preparation and adoption of specific law on social entrepreneurship, whether the existing infrastructure for supporting and developing entrepreneurship and innovation in the social sphere meets the needs of the time, and how to provide information support to new projects.