A new cooperation agreement signed on Thursday between the Sverdlovsk Regional Entrepreneur Support Fund and the Russian Association of Franchising will grant greater assistance to those in the area hoping to start a business franchise.
Officials hope the agreement will help jump start the Sverdlovsk region’s economy.
“Enterprise development is our top priority,” First Deputy Prime Minister Alexei Orlov, Minister of Investment and Development of the Sverdlovsk region, said. “Franchising reduces the risks of businessmen at the start, and for existing businesses, it allows you to replication the successful experience while saving your own resources.”
Eugene Kopelyan, director of the Sverdlovsk Regional Fund for Entrepreneurship Support, said his organization will continue to work closely with the Russian Association of Franchising to sponsor educational programs for those interested in franchising.
“(The programs) will tell not only the theory and practice from the experience of successful networks, but also will create a platform for franchisors to find entrepreneurs who want to work on the franchise,” he said. “Especially, of course, we are dedicated to the creation and promotion of our regional network.”
The agreement was signed at an event held in the Ural Federal University auditorium. The event was attended by more than 250 businessmen and included a forum with business experts from Moscow and St. Petersburg.