On December 1, Ufa, the capital city of Bashkortostan in the Southern Urals, saw the opening of new business incubator Smart Park, the local media reported. The space was created by the young entrepreneurs of the capital for actively minded people that are promoting new ideas and developing long-term projects. Smart Park includes a co-working space, support services to accelerate project development as well as event and networking features.
Unlike many such initiatives in Russia’s regions, this undertaking does not belong to state structures, but the Ufa community of young innovators. As the authors behind the idea note, the project began as a response to the current shortage of infrastructure for the implementation of project initiatives, which ultimately leads to a brain drain from the regions.