Financial University under the Government of the Russian Federation organizes the
International Young Financial Expert Forum every year. As is the tradition, the
Forum opening event is the business ideas fair where young entrepreneurs from
different regions of Russia present more than a hundred of various business
projects in the field of IT, education, technology, social support, bioecology.
Every year at the Forum the most promising project information is put on
display for the distinguished guests to see. One of the most interesting
projects demonstrated during the latest Forum was the Green Notebook social
entrepreneurship project. Young project managers did the calculations to find
out how to help the disabled people, the most vulnerable category of the
population, earn some money without extra investment and in a cost effective
way. Various office stationery bearing corporate logos, including notebooks,
pencils, pens, are made of printing waste. The products may be in great demand.
Business companies may become the producers’ customers. The first batch of such
products has been put on sale. Retail chains are also happy to offer modern
office stationery to
their customers. Volunteers offer their free delivering services to the producers
According to Nikolai
Kuznetsov, University Director of Innovative Development Department, one of the
key requirements for project fair participants is to present not the
hard-to-implement but easy-to-implement projects to the guests and investors. According
to him, the value of Green Notebook social entrepreneurship project is in the
fact that it does not require funding and helps dispose of some waste. The printing
plants are glad that they can dispose of the waste that they used to put to
trashcans. According to Nikolai Kuznetsov, it is probably appropriate to make
them pay for recycling in the future.
Every year among the Forum guests you can
find the representatives of the Russian Union of Industrialists and
Entrepreneurs, OPORA Russia SME association, the Association of Russian Banks,
the Institute of Economics of the Russian Academy of Sciences, Federal Agency
for Youth Affairs, the Agency for Strategic Initiatives and many others.
year, professional investors have been invited to take part in the business
ideas fair. This is why this Forum differs fundamentally from the previous ones.
According to Mikhail Eskindarov, Financial University Rector, previously, the Forum
was a kind of ‘trial site’ where people searched
for new business ideas while the projects were assessed by the University experts
following the exhibition, and the best ones were sent for development to the University
business incubator. According to him, this time the young innovators had a
chance to communicate directly with the venture capital market professionals
and attract investment to their projects. Given the fact that today the Russian
universities have the right to provide the infrastructure and the laboratories to
small innovative companies and scientific and industrial companies, and the
companies have a right to have favorable treatment, the value of such events is
increasing. This means that if you implement the promising projects and if you
have orders, you can quickly generate a profit.
Not only dozens of investors’
sessions but also researchers’ discussions and roundtable discussion sessions
were held within the framework of the Forum. Leading experts in finance and
economics, young researchers, representatives of innovative companies,
financial institutions, and students and instructors of more than 250 Russian
and CIS economist-training universities were among the Forum participants.