Moscow Seed Fund jointly with RVC Biofund Invest into Import-Substituting Production

Moscow Seed Fund jointly with RVC Biofund invested RUB 12,000,000 into "Central Factory of Prepared Media» Project.

CFPM is the first import-substituting innovative enterprise in Russia in industrial production of prepared microbiological nutritive media for diagnostic and investigative laboratories, conforming to the international standards. The prepared nutritive media, which were industrially put into plastic petri dishes of various forms, are used to diagnose diseases, to control purity at the production places of medicinal products and cosmetic formulations etc.

The investments will be directed to implement a new product line, which distinctive feature is the use of the Russian raw materials in production. Besides CFPM within the received investments will extend its customer's database and will increase the sales scope due to active promotion in regions.

"CFPM is a highly technological enterprise on production of prepared nutritive media having world quality standards, which secure import-substituting expensive media made abroad, which share on the market on separate products reaches more than 80%" – comments Stanislav Aronovich Goldberg – one of project's initiators.

"The funds engaged jointly with Moscow Seed Fund will assist the company to solve the task of extension of the product line, which will permit to render a wider selection of high quality products under the acceptable prices to medical centers and laboratories. We believe in the perspectives of CFPM becoming one of the leader in the Russian market manufacturing prepared nutritive media" – point out Egor Beketov, the Director of RVC Biofund.