10:23 GMT +321 July 2019
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    July 10, 2017. Russian President Vladimir Putin looks at Rostec Corporation's display during the 8th Innoprom International Industrial Trade Fair at the Yekaterinburg Expo International Exhibition Center. From left: Rostec Director for Special Commissions Vasily Brovko with Russian Minister of Industry and Trade Denis Manturov.

    Vnesheconombank, Rostec Announce Launch of 'Conversion' NPO's Project

    © Sputnik / Ramil Sitdikov
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    During the 8th International Industrial Exhibition INNOPROM-2017, representatives of Vnesheconombank (VEB) and Rostec laid out the missions and tasks of the NPO's ‘Conversion’ agency to Russian President Vladimir Putin. It was created by VEB and Rostec and promotes civil and dual-use high-tech products.

    "INNOPROM became the starting point of the NPO’s ‘Conversion’ project for Rostec this year. A number of meeting with representatives of industrial sector are planned at the exhibition. The main goal of these meetings is to find promising projects. We're planning to expands this list [of projects] and are inviting companies to cooperate," Rostec CEO Sergey Chemezov said.

    NPO 'Conversion' will help the projects' initiators to prepare applications for government support.

    "The agency seeks to provide for the MIC companies quick access to Vnesheconombank's 'smart moneys'. VEB creates a handy IT-tool which will allow companies to post information about their products, and buyers to receive this information and use it quickly," chairman of Vnesheconombank Sergei Gorlov said.

    NPO ‘Conversion’ is choosing pprojects in the following categories:

    — "Smart city" within the framework of the "Digital economy of Russia" program;

    — Medical devices and equipment;

    — Environmental problems and solutions;

    — Information and communication technology;

    — Civil mechanical engineering.

    INNOPROM, Rostec, Vnesheconombank, Sergei Gorkov, Vladimir Putin, Sergei Chemezov, Russia
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