On July 11, 2023 in Yekaterinburg «Financing for Industrial Innovations: From Conventional to Digital» session was held at INNOPROM-2023.

The session was moderated by Vice President of RSPP, Chairman of the FBA EAC Executive Board Alexander Murychev.

Opening the event, Alexander Murychev noted that innovations in industry are of primary importance for the development not only of an individual enterprise, but also of the Russian economy as a whole. He emphasized that "the solution of the most important strategic tasks, including the tasks to achieve technological sovereignty and structural adaptation of the economy require an innovative approach. All these are complex tasks combining the development and promotion of technologies independent of foreign influence (import substitution), technological advancement, as well as structural transformation of the financial system".

The moderator dwelt separately on the importance of digitalization and technology development in the financial sector for increasing the availability of financing for industrial development and innovation.

Alexander Murychev also drew the participants' attention to the fact that today industrial groups are not only consumers of solutions created by financial institutions, but also create relevant platforms themselves based on the turnover of digital financial assets. "The digital asset market has started to show very good dynamics. CFAs worth about 20 billion rubles were issued per 8 currently registered operators (of which 3 have not yet carried out issues), while back in March 2023 the corresponding volume of issues reached only 2 billion rubles," he said.

In the course of further discussion, the participants assessed the current state and prospects of the digital asset market, tried to answer the question "what can digitalization of assets provide for financing innovations in industry and how this tool solves the issue of increasing the availability of financial resources for industry", agreed with the opinion that the synergy between traditional and new financial instruments has reached a qualitatively new level, and all of them can be combined in one project from idea to practice.

Concluding the block of speeches by representatives of the financial sector, Dmitry Aksakov, Vice President of VEB.RF, highlighted the progress of large-scale work with the regulator and authorities to encourage banks to finance investment projects for economic development, which required the development of new criteria for evaluating technological sovereignty and structural adaptation projects.