North Caucasus to develop young business

The Agency of Strategic Initiatives has attended the 3rd Mashuk Forum, ITAR-TASS reports.

The agency proposed issuing Young Social Entrepreneurship Grants with a budget of 100 million rubles. Social business may become the key mechanism for realization of the socio-economic development strategy of the North Caucasus, Director of the Social Projects section of the agency Vladimir Yablonsky said.

Over 600 young businessmen of the North Caucasian Federal District with a total turnover of 10 billion rubles attended Mashuk-2012 on Sunday. Agreements were reached with Social Projects, office of the Russian plenipotentiary presidential envoy to the NCFD, Russian Sberbank, Corporation for Development of the North Caucasus, Northern Caucasus Resorts.