Nizhny Novgorod regional administration plans to earmark 1.2 billion rubles to establish a technology park.
Tech Haven on Narov StreetJune 16, 2025, 4:16 PM
Technopark,here's the scoop on the upcoming tech haven on Narov Street:
The Nizhny Novgorod region's government is shelling out over 1.24 billion rubles to LLC "Electronic Technology Park" for launching a technopark in the next few years. The details are all spelled out on the official legal information portal.
In 2025, 400 million rubles will be handed over from the federals and regional coffers, followed by 410.9 million in 2026, and another 428.57 million in 2027.
It's worth mentioning that in May 2025, LLC "Electronic Technology Park" secured the green light for constructing the "Erkon" technopark on Narov Street, Nizhny Novgorod. The production workshops, complete with testing equipment, will encompass around 36,000 square meters. The technopark's primary function will be to churn out specialists for Russia's radio-electronic sector.
Let's jog our memories. A different IT technopark is planned for Malaya Yamskaya Street in Nizhny Novgorod.
Author: Alexei Chugunov
Want to know more about technoparks? Here are some fascinating insights:
- The chief purpose of technoparks is to spark innovation and technological advancements, stimulating regional economic growth, and attracting businesses.
- Key infrastructure such as laboratories, coworking spaces, and networking facilities are provided to support startups and established companies.
- A typical development plan includes infrastructure setup, a legal and administrative framework, networking and collaboration, training and education, and attracting investors.
- The upcoming news in the technology industry reveals that the "Erkon" technopark, funded by a combined effort of federal and regional finance, is set to revolutionize the radio-electronic sector in Nizhny Novgorod, with a focus on producing specialized technology talents.
- This technology-based technopark on Narov Street is a testament to the government's commitment to fostering technological advancements and spurring economic growth in the region, aligning with the global trend of promoting innovation hubs.
