The First St. Petersburg Business Incubator was launched in 2007 to support innovative small and medium enterprises in St. Petersburg. It provides office space, equipment, services, and financing assistance to resident companies. Over time, the business incubator has supported over 60 companies and led to increased revenues, employment, and tax payments in St. Petersburg. It aims to further expand international cooperation and educational programs to help businesses in the incubator continue to succeed.

1. The First St. Petersburg
Business Incubator
REO «Service» managing company
+7 (812) 560-97-49
www.start-business.ru
The First St. Petersburg Business incubator

2. The First St. Petersburg Business incubator was launched by the
St. Petersburg Government (Decree № 1425 from 22.11.2006) and by the
RF Ministry of Economic Development as a project for support and
development of St. Petersburg innovative and hi-tech SMEs.
The First St. Petersburg
Business Incubator was opened
at the premises of «Krystal»
business center in April 2007.
Address: 37, Sedova street,
St. Petersburg.
Gross area - 3200 sq.m,
Office spaces - 2800 sq.m.
Managing company:
«REO «Service».
The First St. Petersburg Business incubator

3. The targets of the Business incubator creation:
• Development of Saint-Petersburg economics;
• Development of high tech and innovative technologies in Russia;
• Development of innovative SMEs, creating an enabling environment for
manufacturing companies;
• Providing the business links between industries and SMEs;
• Stimulation of the new companies creation and development;
• Creation of the new jobs.
The First St. Petersburg Business incubator

4. The First St. Petersburg Business Incubator’s Unique Character:
• REO «Service» is the first private company being a trust manager for the
state business incubator;
• In 1999 a contract on transmission of «Crystal» business center premises
under trust management was signed;
• In 2006 REO «Service» company won a tender on management of the
business incubator.
The First St. Petersburg Business incubator

5. The First St. Petersburg Business Incubator: Key Features
• No industrial spaces;
• Wide range of residents’ operations;
• Special business environment in the business center;
• Opportunities for moving to office spaces after the business incubation period;
• Good location - not far from city centre;
• Unique experience for St. Petersburg.
The First St. Petersburg Business incubator

6. Description of office spaces:
• Gross area of the business incubator is 3200 sq. m,
including office spaces – 2800 sq. m;
• Provided office area - from 20 sq. m;
• Freight and passenger elevators;
• 24h guard with video, access control and automatic fire-fighting systems;
• Parking spaces with video control system;
• Broad-band Internet connection;
• Conference facilities;
• Every workplace in the incubator is equipped by:
• computer, office equipment and furniture;
• telephone;
• broad-band Internet;
• licensed software;
• shared access to intertown telephone line, fax, copier, scanner, colour printer.
The First St. Petersburg Business incubator

7. Rent rates:
Basic monthly rent rate is 910 rubles per 1 sq. meter.
First year - 25% basic rate (227,5 rub.);
Second year - no more than 40% basic rate (364 rub.);
Third year - 80% basic rate (782 rub.).
The rent includes a complete range of services.
The First St. Petersburg Business incubator

8. Services for the residents:
The residents get the full support that makes them able to focus on their business development.
Financing:
• Private investors, business angels
Education: • Investment companies and funds
Consulting: • Seminars • Venture funds
• legal issues • Trainings
• Economics Infrastructure:
• Taxation • Office
• Marketing • Facilities
• Business planning • Computers
• Promotion • Internet
• PR • Individual telephone line
• Accounting • Licensed software
• Financing • Databases
• loan services • Secretary
• HR • IT support
• Internationalization • Accountant
• City Adminisrtation etc. Resident • Lawyer
Promotion: Internationalization:
• Advertising • Business trips
• Exhibitions • Seminars
• Media • Joint projects
• PR-support • Internships
• Events • Consulting
The First St. Petersburg Business incubator

9. Internationalization:
Consulting:
• Market research;
• Starting and doing business in other regions of RF and abroad; Participation in the International
• Finding reliable partners and attracting investments?
cooperation programs:
• Production promotion in regions of RF and abroad;
• EuroRussia Forum;
• INTERREG III
• Baltic Sea Integration
Internships
Seminars with the foreign trainers
Business trips:
• European experience of innovative
business support in Finland and Sweden
October 2009 April 2010 Euro Info Centre
European Network supporting
enterprises and innovations that
unites more then 40 countries
The First St. Petersburg Business incubator

10. Results (on 31.12.2011):
60 % of companies are graduates of The first city business incubator (they left the business
incubator due to financial growth, changing of the registered office and with the need of other
areas).
72% of the resident businesses are dynamically developing
32% in business incubator
30%
left due to other reasons
the end of the programm
10% 28%
financial grow
The First St. Petersburg Business incubator

11. Financial and economic activities of the business incubator companies
Operating revenue (RUR000's) :
2007 y. – 16 797,6
2008 y. – 53 998,2
2009 y. – 78 911
2010 y. – 90 016,6
2011 y. – 197 708,6
The operating revenue of the 2011 year exceeds the operating revenue of the 2010 year
more than 2 times
The operating revenue of the 2010 expands in 12 times in comparison with the 2007 year.
Первый городской бизнес-инкубатор

12. Financial and economic activities of the business incubator companies
The headcount :
2007 y. – 142
2008 y. – 189
2009 y. – 160
2010 y. – 192
2011 y. – 180
Despite some headcount degression the business incubator companies show the high
economical efficiency.
Первый городской бизнес-инкубатор

13. Financial and economic activities of the business incubator companies
Indicated fiscal charges, analogic payment (RUR000's):
2007 y. – 2 087,8
2008 y. – 11 163,5
2009 y. – 15 334,8
2010 y. – 17 471,5
2011 y. – 52 997,46
The operating revenue of the 2011 exceeded the operating revenue of the 2010 in 3 times
The sum of the indicated payment of the 2010 year expanded in 8,3 times comparably with the 2007
year, in 1,6 times comparably with the 2008 year and 1,1 times comparably with the 2009 year.
All the investings in establishing the business incubator were recovered in the second year.
Первый городской бизнес-инкубатор

14. Study projects:
From 16.04 to 14.06.2011 Business development stimulating program for the residents of the business
incubator were held in business incubator. It was organized with The Saint-Petersburg Business-Angels
Organization. The program consisted of the trainings and seminars which helped the entrepreneurs look into
the aims and strategies of the business. As a result residents of the business incubator were concentrated on
doing their businesses efficiently. Program included:
- team expertise and education;
- specialization on innovative sphere and focus on realization of the needs of innovative business;
- providing the access to the target resources on the territory of Saint-Petersburg influence and high interest
due to using of the modern educational methods and involving practical experts from the real business;
- information intensity, formation and support of the space of mutual interest parties to the employment of
interaction in the innovation field;
- integration of expertise and experience in high technology, human resource
management and marketing opportunities for learning real business cases. In September the methodic of start
classification of the resident needs will be tested. In October, in strict accordance with the identified groups, the
training program will start. It takes into account the control measures of quality of teaching and students
learning degree of study material.
Project team – experts and high quality managers in
technological entrepreneurship, human resource
management, market research, demand
generation and management of consumer behavior,
promotion, information technology and innovative
project management.
The First St. Petersburg Business incubator

15. Plans for the near future:
• Promotion of international contacts;
• Local and international training programs;
• Relations with high education schools and universities;
• Joint programs aimed at residents business development;
• Creation of the new business incubator consulting centre;
• Expansion of the business incubator area;
• Launching of the Technology Business Incubator in St. Petersburg.
The First St. Petersburg Business incubator

16. The First St. Petersburg Business Incubator
37,Sedova street,
St. Petersburg,192148.
Tel.: +7 (812) 448-56-65
E-mail: incubator@reoservice.ru
www.start-business.ru
Thank you for your attention!
The First St. Petersburg Business incubator