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Winners of the Development Award - 2017, the Investment Project Competition, Announced

Vnesheconombank revealed the results of its investment project competition, Development Award - 2017, and granted awards as winners in six categories. It was the first time that the gala ceremony was held as a part of a plenary session of the Russian Investment Forum in Sochi. Earlier the ceremony was hosted by the Saint-Petersburg International Economic Forum.

The awards were handed out by Chairman of the Government of the Russian Federation, Chairman of Vnesheconombank Supervisory Board, Dmitry Medvedev and Chairman of Vnesheconombank, Sergey Gorkov. This was the fifth time that the Development Award competition has been held by Vnesheconombank.


Chairman of Vnesheconombank Sergey Gorkov: “This year the renovated Development Bank has received a new strategy. The Development Award categories can now be related to the strategy priorities. All projects presented by the competitors were unique and we are pleased to give awards to the winners. The goal of the upgraded VEB, VEB 2.0, is to find innovative projects, cultivate them, adjust their scale, promote their progress and bring them to a whole new level.”

The award in the Best Infrastructure Project category went to АО MaximaTelecom for the project “Building a Free Wi-Fi Network in the Rolling Stock of the Moscow Metro”. Each user now can access a free network for doing business, learning or entertaining themselves while in the metro.

The award for the Best Project in the Manufacturing Sector was given to “The Launch of Commercial Production of the Locally Produced High Performance Energy Efficient Processor Baikal-T1”, by AO Baikal Electronics. It concerns large-scale production (in batches of up to a million units) of a state-of-the-art microprocessor developed in Russia for sales in Russia and abroad.

The project “The Quantorium Chain of Children's Technology Parks”, implemented by the Republican State Centre for Multicomponent Information Computer Media, became the Best Project for Integrated Area Development. Its aim is, by 2020 to provide more than 70% of children aged from 5 to 18 with high-quality additional education programs in all regions of the Russian Federation.

The winner in the category The Best Project in the Innovation and High-Technology Area was the project “Organization of Advanced Production of Biological Substances and Medicines for Treatment of Complex Cancer and Autoimmune Diseases” delivered by ZAO BIOKAD in Saint Petersburg. It will bring the production of high-technology Russian drugs that will replace foreign equivalents and reduce the government expenditure on pharmaceutical treatments.

The Best Environmental and Green Technology Project was the project “Siberian Fuel Pellets” – processing of wood sawing waste and use of the waste for the production of biofuel from the renewable energy sources in the Irkutsk Region. The project is being undertaken by OOO Siberian Fuel Pellets.

The Best Export Project was “Export of Russian Technologies (JURECA Supercomputer System) to the Supercomputer Center in Julich (Germany)” that was delivered by ОАО Т-Platforms and became the first project of its kind in the history of the Russian radioelectronic industry.

The list of competitors for the Development Award includes the companies that have developed breakthrough technologies, overcome red tape and other barriers and whose contribution should be highly praised. The projects presented by the Development Award winners give an example of concerted efforts of academics and practitioners, those who see the future for 5-10 years from now and understand the science development trends.


The Development Award is a professional award for achievements in the realization of large projects having national significance. The competition for the award for the contribution to the sustainable social and economic development of Russia, the Development Award, was established by Vnesheconombank in 2012.


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