The concept of “young entrepreneur” was proposed to be enshrined in law

In Russia, it is necessary to enshrine the concept of “young entrepreneur” in legislation, and also to raise the age threshold for receiving a grant for creating or developing a business for those starting their own business for the first time from 25 to 35 years. Deputy Speaker of the State Duma Maria Voropaeva, who was quoted by TASS, made corresponding proposals.

According to the parliamentarian, such steps “will make it possible to form a unified legal approach to supporting young entrepreneurs and ensure targeted provision of state and municipal support measures,” as well as significantly expand opportunities for receiving grants.

Voropaeva also advocated the abolition of the requirement to co-finance the grant with their own funds, since, from her point of view, the need to invest at least 25 percent of the project cost makes it difficult for those who are starting a business for the first time to receive support.