Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
An important disclaimer is at the bottom of this article.
Moscow Innovation Cluster with the support of Moscow Venture Fund opened recruitment for the fourth stream of the program "The Path to IPO". Legal entities and individual entrepreneurs registered on the i.moscow platform can apply for participation. Applications are open until September 21. link. Training will begin in October of this year.
"The Path to IPO program is not just an educational course. It is a real chance for companies to enter the public market with comprehensive support from the city – from knowledge and mentoring to targeted financing," she said.
Kristina Kostroma, Head of the Department of Entrepreneurship and Innovative Development of the City of Moscow.
The Path to IPO program helps technology companies prepare for listing on the stock market, from training to raising funding. The fourth stream is being merged with the preferential targeted loans program. Moscow Venture Fundto enter the stock market. This will make it easier for participants to implement an IPO, pre-IPO or bond issue strategy.
What awaits program participants
The program consists of two training modules. At the theoretical stage, participants have access to online lectures by experts, as well as auxiliary materials, checklists and document templates. Students will learn about the requirements, procedures and regulatory aspects of the placement of securities.
As part of the practical module, representatives of the exchange, organizing banks and other experts share their experience of entering the public market. Together with mentors, participants will formulate strategies for bringing their companies to the securities market. The best projects will be able to receive a targeted loan of up to 100 million rubles from the Moscow Venture Fund. This will cover the costs of future issuers to prepare for the placement, including the development and registration of issue documents, consulting services, etc.
From training to implementation
The Moscow Innovation Cluster launched the program in June 2024 and managed to train three streams, in which more than 120 representatives of Moscow companies took part. In total, more than 320 applications were received. As a result of the training, to date, two companies have entered pre-IPO, one company has issued bonds, five are planning to enter pre-IPO within a year, and four are planning to enter IPO within two years.
The third stream of the "Path to IPO" program ended in early July this year. During the training, it was possible to compile a profile of the program participant. These are startup founders, business owners or top managers who are looking for investments for projects in the amount of 300 to 500 million rubles. Most companies are engaged in software development and scientific research. The preferred tool for attracting funds is the pre-IPO round.
Among the successful cases is the engineering company Reinnolts, which placed bonds on the Moscow Exchange during its last cohort of students. The company has been operating since 2012 and specializes in the production of heat exchange equipment and water treatment solutions.
Moscow Innovation Cluster promotes the creation of conditions for the development and implementation of new technologies, ensuring scientific, technical and industrial cooperation, and effective interaction between all participants in the ecosystem. The cluster includes organizations from Moscow and 86 other regions of Russia. On the Moscow Innovation Cluster platform, innovators are offered more than 50 digital services that help develop and implement products, attract investment, find partners and scale up a business. The project is supervised by the capital's Department of Entrepreneurship and Innovative Development.
Moscow Venture Fund — an institute for innovative development. The fund supports entrepreneurs at all stages of development — from the initial seed stage to the active growth stage, providing the necessary financial resources for successful development. Three main support programs are currently being implemented: grants, preferential loans for project development, and targeted loans for preparation for an IPO. Over the course of its operation, the fund has supported more than 100 companies in the amount of 1.3 billion rubles and helped attract more than 3.5 billion in investments.
The Department implements three regional projects that are part of the national project "Small and Medium Entrepreneurship and Support for Individual Entrepreneurial Initiatives". These are "Acceleration of Small and Medium Entrepreneurship Entities", "Creating Favorable Conditions for Self-Employed Citizens to Carry Out Activities" and "Creating Conditions for an Easy Start and Comfortable Running of a Business", as well as the regional project "Systemic Measures for the Development of International Cooperation and Export", which is part of the national project "International Cooperation and Export".
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