GS Group, a privately-held international holding based in Kaliningrad, Russia’s westernmost enclave bordering Poland and Lithuania, announced earlier this month plans to support entrepreneurial innovators and start-up teams at all stages of project development.
GS Venture, GS Group’s new venture arm, is expected to invest anywhere between $15,000 and $9,000,000 per project. From now to the end of 2014, the fund has plans to invest a total of $45 million.
GS Venture is expected to offer startup entrepreneurs a range of support services from investment to technical backing, PR, promotion, and product commercialization.
GS Venture will focus on both team and individual projects. To sustain its activity, GS Venture is believed to have plans to tap into the opportunities offered by Technopolis GS, a new Kaliningrad-based innovation cluster that has received a majority of investment from the GS Group.
GS Venture is expected to bring to Technopolis GS some promising projects that offer solutions in the telecommunications, microelectronics, and nanotechnology sectors.
Source: Venture-News.ru
