The Russian Businessman Who Gives Back: Alexei Beltyukov

Alexei Beltyukov is a Russian entrepreneur and philanthropist. He has a medical degree and practiced provincial medicine before deciding to pursue his interests in business. He earned an MBA from the prestigious INSEAD (“InstitutEuropéen d’Administration des Affaires” or European Institute of Business Administration), “The Business School for the World,” in Fontainebleau, France. Beltyukov has been called a “serial” entrepreneur because of the number of businesses he has founded and co-founded.

INSEAD is an innovator in education, which may have encouraged Beltyukov to pursue his latest entrepreneurial project, Solvy. Solvy is an online interactive educational program that focuses on mathematics homework in a different way. Solvy avoids multiple choice questions, instead requiring students to put in the answers they have come up with and to explain how they solved problems. Interactive hints and immediate feedback are provided by the software. Solvy also allows instructors to track their students’ progress and provides the instructors with information about which students are understanding concepts and which are not, allowing a more individualized educational experience to be provided. would indicate Beltyukov’s philanthropy includes companies such as Endemic Capital, founded in 2013 to provide angel funding for Russian start-up companies. He also established A-Ventures Ltd, a Russian company designed to help struggling companies in Russia with financial assistance. The Skolkovo Foundation, where Beltyukov is Vice President, provides grants and opportunities for Russian technology start-ups and entrepreneurs attempting to expand opportunities in Russia. He was an initiator of and is a continuing contributor to the Russian Alumni Scholarship at INSEAD, which provides financial support to Russians accepted at INSEAD.

Since 2008, Beltyukov has been an member of the Advisory Council for Special Economic Zones of the Ministry of Economy. Companies founded by Alexei Beltyukov are Mechanicus, an auto repair chain in Russia, and New Gas Technologies, a venture project in petroleum gas. He serves as an observer on the Board of Directors of FORO Energy. He was the Executive Director and later CEO of the Renova Project, a management company in Russia and Latvia. Beltyukov was Vice President of Strategy and Business Development at Brunswick Capital, an investment company in Russia, and launched Brunswick Rail Leasing. Under his leadership, it became one of the top three rail car leasing companies in Russia, an industry leader with a fleet of over 10,000 rail cars.  Follow him on Twitter for updates.