Saint Petersburg is steadily consolidating its status as one of Russia's leading technological centers, ranking second in the number of small technology companies (STCs) in the country. The total number of STCs registered in the city is 570 companies. Currently, the total revenue of St. Petersburg STCs is estimated at over 110 billion rubles.
“Small technology companies are the foundation of the country's technological sovereignty and a driver of urban economic growth,” emphasized Alexander Sitov, Chairman of the Committee for Industrial Policy, Innovation, and Trade of Saint Petersburg. “St. Petersburg demonstrates higher economic efficiency for each individual small enterprise in the technology sector than the national average. Average revenue per company in the Northern Capital reaches over 193 million rubles, which is 5% higher than the Russian average. These companies create high-tech jobs, implement innovations in key sectors, and allow the city and country to depend less on external supplies. Supporting STCs is an investment in the future. We will continue to create a full-fledged support ecosystem: from scientific laboratories to industrial sites. We will pay special attention to the development of cooperation between universities, research institutes, and business — so that innovative developments turn into finished products and enter the market faster.”