Ruselectronics plans to launch a business incubator as part of a $35m, three-year investment plan.
Ruselectronics, Russia’s umbrella company for national radio electronic assets, plans to invest RUB1.27 bn (approximately $35 million) in the development and manufacture of hi-tech products between 2014 and 2016, the company announced.
Ruselectronics said the three-year investment program will be divided into two stages, an “implementation phase for breakthrough development and setting up the manufacture of civilian products” and a “transitional phase to large-scale mass production of innovative products.”
In the first phase, Ruselectronics plans to create an innovation…
