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Ayr Foundation

Company

Financial Services, Investments and Auditing
Since 2021
Russia
Central Federal District of the Russian Federation
Moscow
109052, int. ter. city municipal district Nizhny Novgorod, st. Smirnovskaya, d. 10, p. 8


Owners

+ PSB Innovations and Investments (PSB AI)

The ERA Foundation is an accelerator of special-purpose projects. The fund was created to support and scale innovative projects in the field of defense and state security. The fund accompanies companies at all stages of the implementation of business ideas: from preparing a model and structuring a transaction to interacting with the Russian Ministry of Defense and entering new markets.

History

2022: Inclusion on the US sanctions list

On February 22, 2022, the ERA Fund came under blocking sanctions from the United States[1].

Russian IT companies that fell under US, EU and British sanctions in 2022-2024 TAdviser map


Map of sub-sanctioned IT companies. Click to enlarge

TAdviser drew up a map of Russian IT companies in 2022-2024. which fell under the sanctions of the United States, the EU and Britain. It included, among other things, the ERA Foundation. The article about the map can be found here.

2021: Establishing a fund to invest in military technology

On February 19, 2021 Ministry of Defense of Russia Promsvyazbank (PSB) , they signed an agreement on the creation of an investment fund on the basis ERA of the Military Innovative Technopolis.

The key task of the new project is the financing of projects of participants in the ERA technopolis in the field of high technologies of the military-industrial complex at the stage of formation and scaling of innovative industries, as well as their subsequent launch into mass production.

The fund will provide support at all stages of the implementation of initiative projects: from structuring the transaction to allocating funding and further supporting projects.

The Ministry of Defense of the Russian Federation creates a fund for investing in military technologies on the basis of the Military Innovative Technopolis "ERA"

Within the framework of the agreement, the PSB plans to conduct educational programs for employees of the Ministry of Defense of the Russian Federation, employees of enterprises of the military-industrial complex and organizations participating in the implementation of the state defense order (GOZ) on the territory of the ERA technopolis, including on the topics of diversification of the defense industry and support of the GOZ. In addition, PSB intends to provide technopolis participants with a set of services to promote high-tech products in the field of defense.

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The interaction of the Main Directorate with the supporting bank of the military-industrial complex of the PSB introduces positive aspects in the development of scientific research in the interests of strengthening the country's defense. The implementation of promising projects using the funds of the ERA Military Innovative Technopolis Fund will bring to a new level the introduction and development of innovative and promising developments, both in the interests of the Russian Ministry of Defense and in the interests of the civil sector of the economy, "said Major General Andrei Goncharov, head of the Main Directorate for Research and Technological Support of Advanced Technologies of the Russian Ministry of Defense.
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PSB noted that the creation of an investment fund is part of the bank's strategy for the development of non-bank services in the field of analytics, consulting and directly financing defense industry projects through the fund.[2]

Notes