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GLONASS Union and Russia's Internet Initiatives Development Fund will cooperate on development of GLONASS technology-based services and their advancement in Russia and abroad

On 14 October, within the scope of the Open Innovations Forum in Moscow, GLONASS Union and Russia's Internet Initiatives Development Fund (IIDF) signed a Cooperation Agreement on development of GLONASS technology-based services and their advancement in Russia and abroad. The Agreement was signed by GLONASS Union President Alexander Gurko and Internet Initiatives Development Fund Director Kirill Varlamov  

Under the terms of the Agreement, the parties will collaborate on establishing and enhancing mechanisms in support of development, application, and export of GLONASS-based technologies.

In project selection, the Internet Initiatives Development Fund will give special consideration to Russian companies, developing or offering products or services that utilize GLONASS technologies, including applications in transportation, safety, insurance, emergency and roadside services, payment processing, and information awareness.

GLONASS Union will extend its expert support at project evaluation stage and provide information to IIDF on principal directions of development in navigation technologies and business opportunities for commercial applications of products and services on their basis.