Russia’s Advanced Research Fund will amount to 3.325 billion roubles in 2014.
“The Fund plans to disburse 3.325 billion roubles for the implementation of its projects in 2014,” the Fund’s press service said on Monday, January 20.
In 2013, the Fund allocated 3.8 billion roubles for its projects. “Last year was a formative year for the Fund and the volume was slightly bigger than this year,” the Fund’s Spokesperson Andrei Veduta said.
The Fund has already considered more than 1,000 and is currently financing 12 of them. “We are working on 12 projects now,” Veduta said.