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Russian Export Center, VTB Bank, supported by REC School of Export, launching a joint SME acceleration program

5 september 2019

Russian Export Center JSC and VTB Bank, with the support of REC School of Export, have launched a joint acceleration program to develop export potential of medium and small businesses. The dedicated online service of export support from experts is available on "Business-connect" B2B platform of VTB Bank. An agreement thereon has been signed on the sidelines of EEF - 2019 by Andrey Slepnev, General Director, REC, and Denis Bortnikov, Deputy President-Chairman of the Board, VTB Bank.

The program is aimed at formation of comprehensive competencies in the field of foreign economic activity among representatives of businesses, as well as at creation of most favorable conditions for both the potential exporters and the companies intending to expand geography and range of supplies, to approach the foreign markets.

The new service of “a window” principle includes assessment of export readiness level of each participant, assistance in development of an individual roadmap for entrepreneur's competencies development, and access to training materials and governmental support aids provided by REC. Export maturity for each accelerator participant will be determined, and an individual action plan will be made. VTB experts will be acting as coordinator in acceleration, while Russian Export Center and the accredited partners thereof will be rendering the services directly.

REC group has been systematically working with small and medium-sized businesses, creating a special ecosystem to support export of this category of entrepreneurs. The joint program with VTB Bank will become another acceleration mechanism in the line of services offered by Russian Export Center. In 2019, similar joint programs of REC and Ministry of economic development, Skolkovo Moscow School of Management and other financial organizations have already been launched and are successfully functioning

Andrey Slepnev

One of the important factors in development of small and medium businesses is their access both to the Russian and the international markets. The export accelerator which has been created by our Bank in cooperation with REC will help entrepreneurs to prepare themselves to expansion of the geography of their work, and boost their business development. Maximum commitment to customer needs and improvement of product services constitute the strategic task of VTB

Denis Bortnikov
Deputy President-Chairman of the Board of VTB Bank

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