"Expert RA" and the Russian Venture Company have developed value indices of start-ups in Russia

Rating agency “Expert RA” is conducting research for Russian Venture Company to evaluate the average cost of innovative start-ups in Russia. According to the results of the 1st stage of the research, the average cost of launching innovative start-up in April-June 2011 is estimated at 53 million rubles (1.7 million dollars).

The majority of start-ups in Russia are being launched in the fields of information and communication technologies, biotechnologies/life science, as well as energy efficiency. Due to lack of access to research infrastructure, R&D costs account for approximately 43.8% of total start-up costs.
Read more on research results in Russian here: http://www.rusventure.ru