Venture IT-fund will be created in early July

President Putin and Minister Gref agreed that a venture fund for investments in the IT industry will be created within the next few days, and the state will invest 1.4 billion rubles in it, not waiting for the creation of a fund of funds, contrary to the previous requirements of the Ministry of Economic Development, the newspaper Vedomosti reports. " .

According to Oleg Biakhov, director of the Information Society Development Strategy of the Ministry of Information Technologies and Communications, initially the state will invest 1.4 billion rubles in the fund, and within a year private investors will have to add another 1.5 billion rubles.