TATNEFT starts the search and selection of industrial start-ups in areas of "Biotechnology" and "Chemical Industry" within the concept framework of creating new entities around the Company’s high-tech clusters.

The selection of start-ups for the first acceleration program will be held from December 9, 2019 to February 29, 2020 among the companies in Russia and foreign companies.

The criteria for selection are: the product or technology is ready for commercialization; the innovation and technological feasibility of the project; the possibility of scaling up in the international market; availability the of the project team.

The Company will develop the individual investment plan, the market entry strategy, as well as the organization plan for starting the full production or offering the individual interaction format for the most promising projects selected by the team of mentors and experts representing TATNEFT and Pulsar VC.

The participation in the competition opens up opportunities for contestants to enter the market and the organize the full-scale production; invite the investments from Russian and international investors, etc.

To participate the contestants have to fill out the application on the website of the program before February 29, 2020. The website address: http://tatneft.vc.

Nail Maganov, General Director of PJSC TATNEFT:
“TATNEFT is aiming at innovations, important for the Company is the balance between financial interests, environment conservation and social values.

We set ourselves the task of making our production a standard of safety and environmental friendliness and creating clusters the latest safe and waste-free production in Tatarstan. For this purpose, the Company is running the radar technology to search for innovative solutions. Performing in the role of a strategic investor the Company is ready to implement joint pilot projects to create safe products, goods and services".

Link to Tatneft Russia country profile

To review our Energy Country Review resource, take the 7-day free trial by clicking at the top of this page to access over 2,300 continually updated 'country specific' energy company profiles or contact KeyFacts Energy for full details.