Rais of the Republic of Tatarstan Rustam Minnikhanov met with the CEO of the "Made in Udmurtia" trading house Denis Dmitriev

Monday, 27 March 2023
by Денис Дмитриев

The meeting was held within the framework of the Russian Venture Forum in Kazan. Denis Dmitriev presented to the Rais of Tatarstan innovative IT-developments from Udmurtia in the areas of FinTech UDMPAY and international e-commerce UDM.MARKET

Rustam Minnikhanov noted that the forum has been held since 2005 and is now a major event for the demonstration of advanced achievements.

The Ministry of Communications of the Republic of Tatarstan and Ak Bars Bank are interested in patented software from Udmurtia for accepting payments in the spheres of housing and communal services, education and trade. UDMPAY allows banks, regions and even entire countries to create their own payment services and helps to integrate payment systems and related services into business without programming knowledge.

Russia's Best Startups

This year the forum attracted more than 3000 visitors, the exposition included the Top-50 Russian startups, which were selected from 317 applicants. UDMPAY innovation payment service represented Udmurtia at the exhibition, its mission is to unite national payment systems of Russia, China, India, Africa, South America and Asia. The UDMPAY team has performed a patented nonvolatile payment module, successfully working on QR and NFC technologies with Android and iPhone smartphones, all you need to do is to touch the phone to pay, as easy as Apple Pay. These modules will be issued free of charge to all employees of trade organizations in Russia and other countries. Iran and Oman have already shown interest to contactless payment technology UDMPAY.

Denis Dmitriev made a presentation of UDMPAY project for the leading investment structures of Russia. The presentation was marked as one of the best in the forum and was highly appreciated by the experts. UDMPAY received requests from the largest Russian investment funds and international private investors. Head of the Made in Udmurtia Trading House also noted that the project gives the opportunity to become an investor not only for professionals, but also for small investors, ordinary people and entrepreneurs, who want to earn on innovations and multiply their capital. For this purpose the platform UDM.MARKET organized the reception of applications for investment in UDMPAY, in security the share in the legal entity is provided.

Russian Venture Forum - a platform for innovators and investors

Albina Nikkonen, executive director of the Russian Venture Capital Association, noted that the Russian Venture Forum is an excellent platform for communication between innovators and investors from all over the country. Kirill Kayem, Senior Vice-President for Innovation at Skolkovo Foundation, said that the demand for technology is growing and the most important task is to invest in start-ups.

Innovative Companies Forum

Leaders of the largest venture funds, investment organizations and entrepreneurs of the high-tech industry discussed trends and long-term goals for the development of the sector - both in Russia and on the global stage. Discussions touched on such relevant subjects for market players as corporate innovations, commercialization and management of intellectual property, government support of innovative projects, participation of Russian venture funds, the digital economy, artificial intelligence, and much more. CEO of the Made in Udmurtia Trading House Denis Dmitriev took part in the sessions of corporate venture and investors' priorities.