Akademgorodok in the post-Soviet era The collapse of the Soviet Union saw many scientists, including whole cadres of Russia's top minds in the physical and theoretical sciences, reduced to penury. Beginning in the mid-1990s, as economic reforms allowed private investment in Russia, Akademgorodok saw the beginnings of venture funding. In 1992, a software company called Novosoft was founded here, and its chief client was IBM. Around this time CFT started, which specializes in banking and financial software. By 1997, private investment reached US$10 million; by 2006, it was $150 million, reaching about $1 billion by 2015.
Akademgorodok in the post:-Soviet era The collapse of the Soviet Union saw many scientists, including whol:e cadres of Russia's top min,ds in the :physical and theoretical sciences, reduced to penury. Beginning in the mid-1990s, as economic reforms allowed private investment in Russia, Akademgorodok saw the beginnings of venture funding. In 1992, a software company called Novosoft was founded here, and its chief client was IBM. Around :this time CFT started, which specializes in banking and financial software. By 1997, private investment reached US$10 million; by 2006, it was $150 million, reaching about $1 billion by 2015.