The revenue of the National Intellectual Development Fund, operating under the Innopraktika brand, increased by 64.9% over the year and amounted to 488 million rubles in 2018, data from the SPARK-Interfax system testify (Open Media was the first to report this. and Vedomosti). This is a record for the last five years: in 2014, revenue amounted to 205 million rubles, in 2015 - 182.6 million, in 2016 - 164 million, in 2017 - 296 million.
The net profit of the fund increased in 2018 from 44.1 million to 61.2 million rubles (an increase of 39%).
The Innopraktika Foundation conducts research in the field of oil production, geology, biotechnology and chemistry, Vedomosti wrote. Among the largest customers of the fund in different years were Transneft, Rosneft and Rosatom. Among the members of the Board of Trustees of Innopractics are Moscow State University rector Viktor Sadovnichy, University Vice-Rector Tatyana Kortava, as well as heads of major Russian companies. Among them are Igor Sechin (Rosneft), Nikolai Tokarev (Transneft), Andrey Akimov (Gazprombank), Alexander Dyukov (Gazprom Neft), Dmitry Konov (SIBUR Holding), Leonid Mikhelson (NOVATEK), Boris Kovalchuk (Inter RAO), Sergey Chemezov (Rostec), Alexey Likhachev (Rosatom) and Kirill Dmitriev (RDIF).
The National Intellectual Development Fund was established in 2012 at Lomonosov Moscow State University. The company is led by Katerina Tikhonova, which Reuters and Bloomberg, citing sources, called the youngest daughter of President Vladimir Putin. About Tikhonova and the fund became widely known in 2015, when RBC published an investigation on the expansion of Moscow State University. The investigation indicated that Innopraktika was involved in a project to create a university’s scientific and technological valley, estimated at 110 billion rubles. In 2015, Reuters also wrote that Tikhonov was married to Kirill Shamalov, the son of Nikolai Shamalov, the shareholder of Rossiya Bank, who was included in the EU sanctions list in 2014 as a “long-standing acquaintance” of the Russian president. In early 2018, Bloomberg, citing four unnamed sources, announced that the “marriage union” of Tikhonova and Shamalov was completed.
Putin himself, when asked about a possible relationship with Tikhonova, said that he never discussed issues related to his family. “To talk about exactly where my daughters work, what they do, I have never done it and now I am not going to do it. For many reasons, including security issues. In general, I believe that everyone has the right to their own destiny. They have never been star children, they have never enjoyed the fact that spotlights are aimed at them, they just live their lives and do it very worthily, ”he said at a press conference in 2015.