European Electrotechnics LLC, which is part of the European Electrotechnics Group, one of the leaders in the Russian engineering market, became a resident of the Moscow Innovation Cluster (MIC).

"We expect that with the acquisition of the status of participant of the Moscow innovation cluster, our company will be able to find new business partners for the implementation of joint high-tech projects. Also, we are very interested in the tools and support measures available to the cluster participants. It will become a significant support for all aspects of our activities - investment, operational, and financial," said Mikhail Baskov, the company's CEO.

IIC residents can rent or receive office, production or warehouse space, test their products or ideas at specially equipped sites, receive assistance in finding partners for joint research and development, load unused production capacities with orders through the contract manufacturing exchange. Participants can also receive compensation for annual investments in the project in the amount of up to 15% of the total amount - the amount of payments can reach 200 million rubles, and also claim compensation of expenses on engineering - the subsidy can reimburse up to 50% of incurred expenses, the maximum amount of such payments - 50 million rubles.

European Electrotechnics LLC is implementing an investment project "Development and production of high-tech low-voltage complete devices (LVD)" in SEZ "Technopolis Moscow", and also produces several types of electrical equipment: complete transformer substations; medium voltage cells; low voltage switchgear to 6300A; electrical lighting systems; industrial electric heating systems.

MIK

Moscow innovation cluster (portal i.moscow) is an economic project of the Government of Moscow, which is overseen by the Department of Entrepreneurship and innovative development of the city.

The cluster is designed to implement innovations and develop cooperation between large corporations, industry, small and medium-sized businesses, educational and scientific organizations, development institutions and the city. The main objective of the cluster is to form an innovation ecosystem for building successful businesses, as well as to develop a platform for the prosperous growth of innovative projects.

The cluster includes more than 2.5 thousand participants - start-ups, corporations, industrial enterprises, educational and scientific institutions, including the "Skolkovo" Foundation, the research centre "Kurchatov Institute", "Rosnano" corporation, Technoparks "Strogino" and "Slava", and also scientific centres of the leading Moscow universities.

At the moment, more than 200 support measures are available to the cluster residents, as well as a whole set of useful digital tools and services, including search for new partners, clients and investors. Each participant can find the list of support measures available to his or her company in the relevant section of the cluster website.

According to the plan of the city authorities, notifications will be sent in the future about changes in support measures for residents, and the start and end dates of applications for support measures will be displayed in the participant's personal account.

Access to the services of the Moscow innovation cluster is also available for individual entrepreneurs and legal entities from other regions of Russia. In order to search for partners, select objects for testing their developments, and rent the necessary premises, such companies must register on the digital platform of the cluster. In addition, such companies also have access to the Contract Manufacturing Exchange (an opportunity to fulfill production orders or find free capacities without organizing their own production) and the Patent Exchange (a navigator for patented technologies and intellectual property results).

About PJSC "European Electrotechnics"

Founded in 2004, PJSC "European Electrotechnics" is engaged in building power supply systems and offers customers comprehensive solutions in engineering and technological systems for industry, construction, infrastructure. The company provides low and medium voltage distribution equipment, low-current systems, lighting systems, industrial electric heating systems, equipment for oil and gas, petrochemical and gas chemical industries.

At present the company is one of the best distributors of European electric equipment in the Russian market and is an industrial partner of the leading companies in the international engineering market.

Among the clients of "European Electrotechnics" are the largest Russian and international companies: "Gazprom", "LUKOIL", "NOVATEK", "Rosneft", "SIBUR", "Nizhnekamskneftehim", as well as "IKEA", "CELEC EP" (Ecuador), "ERIELL" and "ENTER Engineering" (Uzbekistan), "SOCAR" (Azerbaijan).

The Company was actively involved in the following projects: the world's first floating thermal power plant (PATPP), Power of Siberia, Yamal LNG, Smolensk NPP, the Data Center of the SB RF, as well as Moscow's Domodedovo and Sheremetyevo airports and St. Petersburg's Pulkovo.