The “Lab 20-50” Industrial Design Center has joined an open agreement to create an umbrella venture capital infrastructure for the regions of the Russian Far East and Arctic. The open agreement was initiated by the Far East and Arctic Development Corporation (FEDC) jointly with the Sakha Republic Innovation Development Fund (IDF) and signed at the Eastern Economic Forum 2025. The document aims to consolidate the efforts of the government, business, and the expert community to create a sustainable venture capital environment and develop strategically important territories.
