How to get money to start/develop a business and what support can you expect in 2023

Public and private organizations are ready to help aspiring entrepreneurs: they provide grants, give preferential loans and subsidies. In the article, we tell you how to get start-up capital and what amount can be expect for those who have an idea but do not have enough money.

There are several ways to get money to start your own business:

grant,
social contract,
preferential loan,
crowdfunding.

In this article we will look at each of them in detail

Grant support
Grants are funds allocat by the state or private funds for the development of small and mium-siz businesses. As a rule, grants are provid free of charge and do not ne to be return. But it is not so easy to receive them – it is important to convince the commission that the business idea is worth the money and will benefit society. Spending funds on any other purposes is prohibit – you will have to account for every ruble.

Grants can be feral or regional and differ in each specific city (their conditions are usually publish on the websites of regional departments).

Grant for young entrepreneurs

The purpose of the grant is to help young people create and develop their businesses. Very young businessmen from 14 to 25 years old can apply for it . If the entrepreneur is under 18, written parental consent will be requir to receive it. The grant is available to all regions except Moscow. Self-employ people will also not be able to receive the support measure – the entrepreneur must be the founder of an individual entrepreneur or LLC . There are other conditions:

the entrepreneur has no debts exceing 1000
completing free training in the basics of entrepreneurship at “My Business” (you will ne to provide a certificate);
investment of 25% of own funds.

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“My Business” is a specializ center of the Ministry of Economic Development, where entrepreneurs are help to open their own business and develop it. There you can take training in entrepreneurship, get information about subsidies and ask for help in drawing up a business plan and receiving a grant.

How to get money to start/develop a business and what support can you expect in 2023
Naturally, the business must be legal. When evaluating applications, the jury also takes into account how realistic it is to implement the business plan.

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How much money can you get:

from 100 thousand to 1 million ₽ – for companies operating in the Arctic zone;
from 100 thousand to 500 thousand ₽ — for other companies.
The grant can be spent on creating and developing a company, for example:

rental of premises and repairs;
purchase of raw materials, equipment, consumables;
advertising campaign;
connection of electricity, gas and phone number list water supply;
payment of utility bills, internet, communications.
Please note that the grant cannot be spent on repaying loans, microloans and taxes, purchasing a car or real estate.

To receive a grant for young entrepreneurs:

prepare a business plan and fill out an application at the My Business center in your region (you can find it on the map );
Send documents to the Ministry of Economy of your region.
Grant for developers of components for import substitution
After some manufacturing companies left the Russian market, the ne for domestic parts has increas – the state finances projects to develop components that can be us instead of import ones. The funds can cover up to 80% of the company’s costs.

It works like this:

factories that ne components submit an application to the Agency for Technological Development,

the agency conducts an examination of the application for the ne for production;

collect proposals from performers;

the best ones, according to the jury’s decision, are award a grant;

the winner develops and produces the parts.
Contractors must meet the jamaica phone number material requirements , for example: the company must be at least 12 months old from the date of registration , it must have rent premises and experience in performing similar work .

How to get money to start/develop a business and what support can you expect in 2023
More information about the terms and conditions for submitting applications can be found at the Agency for Technological Development .

Grants for IT companies

Companies from the software registry, developers who participate in software development under the programs of the Russian IT Development Fund and provide information and communication services may apply for a grant. The company must meet the priority areas . Among them are AI, microelectronics, software and hardware systems.

How much can you get:

from 20 million to 500 million ₽ for significant projects,
up to 6 billion ₽ for particularly significant projects,
up to 1 million ₽ for project promotion on an accrit platform .
The grant can cover up to 80% of the costs of:

software development,
purchase of equipment,
staff salaries.
You can submit an application on the website of the Ministry of Digital Development of the Russian Feration.

How to get money to start/develop a business and what support can you expect in 2023
Projects that have already receiv a grant from the Russian IT Development Fund
Grant for social entrepreneurs
Last year, more than 2.2 thousand companies receiv this grant . The support measure is intend for those who solve socially significant and useful tasks and have the status of a social enterprise.

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