The first Russian Instrument Engineering Forum "PRIBORIUM" was held in Novosibirsk.

On May 20–21, the first Russian Instrument Engineering Forum “PRIBORIUM” took place at the Technopark of Novosibirsk Akademgorodok. KAMA FLOW participated as the event’s investment partner and moderated Track 9, titled “Financing Instrument Engineering.”

As part of the forum’s business program, KAMA FLOW experts took an active role:

• KAMA FLOW Partner Pavel Okhonin moderated the roundtable discussion “From Microchips to Capital: The Investment Potential of Russian Electronics,” where he and fellow panelists explored current issues related to attracting investment into the industry. Speakers included Ivan Pokrovsky, Executive Director of the Association of Electronics Developers and Manufacturers (ARPE); Maria Balyasnikova, Investment Director at FPV; Alexey Filimonov, Executive Director of the National Association of Technology Transfer (NATT); Maksim Shadrin, CEO and Founder of Quantron Group LLC; and Alexey Pavlyuchenko, Investment Manager at KAMA FLOW. During the discussion, Alexey presented findings from a study on the electronics market and shared his insights on investment opportunities in the sector.


• KAMA FLOW Investment Manager Maria Korolkova served as a jury member for the startup pitch session, which featured projects at various stages and was held as part of the track organized by the Academpark business incubator.


• Pavel Okhonin also spoke at the forum’s closing ceremony, summarizing key outcomes and emphasizing the event’s significance for the advancement of Russia’s instrument engineering industry.

“There is a unique situation in the market for electronics and complex industrial technologies today. On one hand, the withdrawal of Western vendors and the growing demand for technological sovereignty from Russia and several allied countries have significantly expanded the domestic market. This has created opportunities for rapid growth among local companies in these sectors. On the other hand, the industry is facing a severe funding shortage — cuts to state subsidy and grant programs, high loan interest rates, and limited availability of both private and public direct investments are major barriers to the development of manufacturing and R\&D.

We firmly believe this is a favorable moment for private equity funds to actively engage in these areas. These industries hold high growth potential and require the substitution of traditional support mechanisms with direct capital investment.

Our flagship fund, *Technological Leaders*, is focused in part on industrial and microelectronics — a topic we covered extensively in our latest industry report. We are also seeing a growing number of professional market participants turning their attention to these sectors, even if they were not previously a priority for them.

We see great promise in this market and encourage tech companies to remember: beyond grants and loans, there are direct and venture investment tools that can play a crucial role in their scaling and development,” Pavel noted.