The SME Forum

Financial Instruments for Growth Champions

14 Jun , 10:00–11:15
Russian Small and Medium-sized Enterprises Forum: Money
Pitch Session
Congress Centre, zone B, 2nd floor, conference hall B2

Raising capital poses a significant challenge for rapidly growing companies in Russia. Traditional start-up instruments are no longer suitable, and bank lending often requires collateral and strict equity-to-debt capital ratios. Moreover, bank lending tends to focus on historical financial parameters that these companies have already surpassed. Accessing traditional stock markets entails substantial monetary and organizational costs, and small issues may lack investor appeal due to limited liquidity. This liquidity challenge is common in many countries experimenting with new exchange trading formats that can provide liquidity, diversify risk, eliminate fraud risks, and facilitate easy access to equity or debt capital for companies in need. Fortunately, the digital technologies required to address this issue are already available; all that remains is to begin implementing them, as demonstrated by one of the Chinese exchanges serving innovative SMEs, which was established in 2021. So what should we do to implement such a mechanism in Russia?

Moderator
Oleg Fomichev, Chairman of the Board, Association of "Fast-growing technology companies" national champions"

Panellists
Konstantin Basmanov, Head of Small and Medium Enterprises Unit, Promsvyazbank
Maxim Kolesnikov, Deputy Minister of Economic Development of the Russian Federation (online)
Mikhail Mamuta, Head of Service for Protection of Consumer Rights and Ensuring the Availability of Financial Services, Member of the Board of Directors, The Central Bank of the Russian Federation (Bank of Russia)
Ivan Podbereznyak, Chairman of the Board, SME Bank
Natalya Popova, First Deputy General Director, Innopraktika
Dmitry Titov, First Vice President, Aquarius Group
Ivan Chebeskov, Director of the Department of Financial Policy, Ministry of Finance of the Russian Federation (online)
Evgeny Chupin, Deputy General Director, Privodnaya Tekhnika Group of Companies
Boris Yaryshevsky, Chairman of the Board, St. Petersburg Currency Exchange

Broadcast