One Russian Entrepreneur is Trying to Change The World

Posted on October 18, 2016

Alexei Beltyukov initially went to school for medicine, but he ended up switching to business, going on to earn and MBA from INSEAD Business School. He has started several successful businesses including A-Ventures, New Gas Technologies and Mechanicus.

Currently he is the Chief Operating Officer (COO) at Solvy, an online educational system which focuses on math, and he is also the co-founder of Endemic Capital, which is a venture capital firm that opened in 2013.

A-Ventures is kind of like his investment banking firm, as it helps struggling Russian companies find solutions, and cash infusions if necessary. Endemic Capital is the other side of the same investment banking coin for Mr. Beltyukov, as this arm of his many entrepreneurships helps start-ups find capital to sustain them as they grow.

Mr. Beltyukov also currently serves Vice President of the Skolkovo Foundation, which was started by Russian President Dmitry Medvedev. This enterprise is responsible for creating the Skolkovo Innovation Center. This center is involved with the development of scientific and technological advances. The Skolkovo Institute of Science and Technology was developed in conjunction with MIT.

This innovation system also includes research and development centers, business incubators, and seed and start-up funding for new businesses. It would seem the Skolkovo Foundation is one entity that embraces the several different lines of business Alexei Beltyukov is involved with in the companies he has founded. That being said, there are a lot of synergies to having this consummate businessman as Vice President of this foundation.

Skolkovo, a suburb of Moscow, seems a bit like Delaware in the United States. Over 50% of publicly traded companies in the United States incorporate in Delaware. Skolkovo is governed by special laws which extend special economic conditions to businesses who want to become resident companies. This area is now home to over 300 companies that are referred to as resident companies. It seems quite clear that an area like Skolkovo, with a very enterprising eponymous Foundation, will continue to attract even more entrants to its pro-business climate.

Creating and fostering greater enterprise in Russia is just one aspect of Mr. Alexei Beltyukov‘s myriad of interests. Solvy, where Mr. Beltyukov is currently COO, is an educational software system that makes math education more accessible for high school students and educators, allows for practice in one of the subjects that the world needs more students having greater understanding of. Only good can come of this kind of venture.

This talented businessman is busy injecting life into Russian industry and commerce. The concentric circles that surround the pebble dropped in water represent the effect Mr. Beltyukov is having on enterprising spirit in his home country. His efforts are fortifying business cycles in a country that is in need of this sort of activity.