Putin moves to win over startup entrepreneurs

In an attempt to boost his support among Internet audiences, Russian President Vladimir Putin has called for the creation of a state-run foundation to finance the most promising online startups of high social value.

“Online resources instantly attract hundreds of thousands, or even millions, of users around the world,” Putin said at a meeting of the supervisory board of the Agency for Strategic Initiatives on Nov. 22. “We have a lot of young people with interesting ideas ‒ a lot of talented programmers ‒ including public activists, who can implement these ideas or use them in their work.”

Read More at Russia Beyond the Headlines

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