June 02, 2021

Students Will Be Entitled to a One-year Leave at Universities under the Startup Development Program / TASS

Denis Kovalevich, co-founder of the TechnoSpark group of companies, told that “according to world statistics, 25% of all world startups were launched while their founders were still students”

Photo by TASS

SAINT PETERSBURG, June 2. / TASS /. Students wishing to start their own startup will be able to get a one-year leave from the university to fulfill their purpose. This is possible thanks to the University Technology Entrepreneurship Platform. This was stated by Denis Kovalevich, co-founder and shareholder of the TechnoSpark group of companies (part of the investment network of the Fund for Infrastructural and Educational Programs of Rusnano VEB Group), on Wednesday at the St. Petersburg International Economic Forum (SPIEF).


Universities’ contribution to the creation of startups is small. According to global statistics, 25% of all world startups were launched while their founders were still students. And only 3% in Russia. This is a huge unrealized potential that we may or may not be able to fulfill. With this understanding, we together with the Ministry of Education and Science formed the federal initiative of the University Technology Entrepreneurship Platform. <…>. This is a new format of startup studios that compensate for the key competence deficiency of young entrepreneurs. They create and go through the first stage of piloting the projects with students.

told Mr. Kovalevich

He noted that the program entitles students to take a one-year leave to create a startup. Moreover, new programs for investing in student projects and tax cashback programs for business angels who invest in youth startups are being discussed.

The initiative to develop a student entrepreneurship platform was approved by the Government of the Russian Federation to be included in the Science and Universities national project. Previously, Prime Minister Mikhail Mishustin supported the idea of ​creating a startup school on the basis of universities and instructed Valery Falkov, Minister of Science and Higher Education, to work out the possibility of creating startup schools that can be integrated into the higher education system.

Source: TASS


This website uses cookies to improve its performance. For more information please refer to our Privacy policy.

I accept