Established by the Russian Fund of development of information technologies

The government established the Russian Fund of development of information technology, reported on the website of the Cabinet of Ministers.

A draft resolution was introduced by the Ministry of communications pursuant to the plan of actions of the government aimed at ensuring sustainable socio-economic development of Russia in 2016.

The Fund was established to support the development and promotion of Russian software, support of scientific, scientific-technical, innovative activity and development of innovation infrastructure in the sphere of information and communication technologies.

The organization will facilitate the promotion of Russian software on the domestic and foreign markets. Also the objectives of the Fund will include interaction with major potential customers to clarify the performance requirements of the software, organise the testing and pilot implementation.