Industrial Development Fund (FRP)
Government fundSeed–Series A
Investment thesis
FRP is a Russian government fund (Federal State Autonomous Institution, Russian Fund for Technological Development) that supports domestic industrial development through concessional loans. It offers preferential financing from 5 million to 2 billion rubles at 3% or 5% annual interest rates for building and modernizing manufacturing operations. Programs target import substitution and localization across sectors such as automotive and agricultural machinery components, medical/vaccine production, materials, rail transport, and consumer goods manufacturing. In 2025 and the first half of 2026, FRP began financing 330 new projects, aiming to create high-productivity jobs, generate tax revenue, and stimulate additional private investment across Russian industry.
Source: firm website, verified Aug 3, 2026.
Frequently asked questions
- What stage does Industrial Development Fund (FRP) invest at?
- Industrial Development Fund (FRP) invests at the Seed, Series A stages.
- What is Industrial Development Fund (FRP)'s typical check size?
- Industrial Development Fund (FRP) typically writes checks of $62.5K – $25M.
- What sectors does Industrial Development Fund (FRP) focus on?
- Industrial Development Fund (FRP) focuses on Advanced Manufacturing, Biotech, Mobility & Transportation, New Materials.
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