The Russian Foundation for Advanced Research Projects in the Defense Industry will finance high-risk projects, a deputy prime minister said on Thursday.
“I believe that the foundation will take on all high-risk and fundamental research projects in the military-industrial complex,” said Dmitry Rogozin, who oversees the defense related sectors of industry.
President Vladimir Putin has submitted to parliament a bill on the foundation’s establishment, which is expected to become Russia’s answer to the United States Defense Advanced Research Projects Agency (DARPA).
The foundation will be tasked with informing the country’s leadership on projects that can ensure Russian superiority in defense technology.
It will also analyze the risks of any Russian technological backwardness and technological dependence on other powers.
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