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Entrepreneur’s Advice on Bringing Back the Russian Economy

Alexei Beltyukov, a serial entrepreneur and a graduate of INSEAD, has some good advice about improving Russia’s economy. The Russian authorities should seek to help small and medium business owners, he says. After all, in rich countries such as America and Germany, many new jobs and innovations are generated by these businesses.

In fact, Mr. Beltyukov is among the founders of The Skolkovo Foundation, an organization sanctioned by the Russian government with aims of promoting technology and innovation. Financial assistance, in the form of grants and tax breaks provided by this foundation, has already helped over 1,000 entrepreneurs in the Russian Federation. It is estimated that this has resulted in new 13,000 jobs created.

Alexei Beltyukov has lots of business experience. Among his latest ventures is Solvy. It is a product which offers help in math studies to high school students and their teachers. With the help of Solvy, student performance can be tracked by their teachers, while tailored recommendations are provided.

“Solvy can help high schools around the country gain an edge in math education,” claimed Mr. Beltyukov.

Solvy is a good example of how entrepreneurs can create innovative products while bringing better math education to the country. After all, smart people make smarter economies.

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