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History

Over four years ago, Russian Venture Investment Center launched an experimental ground in Cherepovets (Vologda Region) to search and test the possible solutions for the effective commercialization of innovations. The experimental ground was created at the Institute of Management and Information Technology and supported by Cherepovets city administration and the local business community.

As a result, START-Park technology emerged in 2009. START-Park IMIT - the first innovation park to implement the new START-Park technology - was created in 2010 in Cherepovets involving private capital. The project’s rated capacity: 1st year - 1-2 innovation companies, 2nd year - 3-4 startups, 3rd and subsequent years - 5-6 new companies a year.

In 2011, two more START-Parks were launched in Vologda and Penza. The formal opening of START-Park Vologda is planned for January 2012, START-Park Penza – for March-April 2012.

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