OREANDA-NEWS. September 09, 2010. OJSC AIKB Tatfondbank is included on the list of partners of OJSC Russian Bank for Development under the Financing for Innovations and Modernisation lending programme. The programme focuses on the lending of innovative and modernisation-related projects of small- and medium-sized businesses in the industrial sector of the economy and in the field of modern technologies, reported the press-centre of Tatfondbank.

The programme stipulates that the borrower’s activity should be aimed at the use of the outcomes of research development to expand and renew the range and improve the quality of products (goods, services), and to improve their production technology for its further manufacturing application.

Priority is given to projects ensuring the production and sales of competitive products that have no Russian-made equivalents, and to projects creating new jobs.

To obtain a loan for an innovative project, an applicant must have a patent, a certificate of authorship, and a certificate of expertise confirming the innovative nature of the invention. If using the outside developments, it will be necessary to have a patent and the relevant agreement with the author assigning the right of use of the development for production purposes to the borrower.

When completing a loan for modernisation of production, it will be necessary to provide the calculation in respect of the increase in sales or improvement of quality of industrial products, as well as a plan of its implementation through quality renewal of the fixed assets, increase in labour productivity, energy efficiency and ecological soundness.