My journey of growth
On May 16, 1972, in Magnitogorsk, Igor was born into the Rybakov family – a spontaneous child with an inquiring mind.

In 1978, he went to a school with a focus on mathematics and in 1986, entered the physics and mathematics school at the Moscow Institute of Physics and Technology (MIPT) by correspondence.
In 1989, he graduated from both the regular mathematics school and the physics and mathematics school at MIPT, and afterwards entered the Faculty of Physical and Quantum Electronics of MIPT.
In 1991, Igor started his first business: selling ice cream next to the Belorussky railway station. In 1992, while on his third year of study, Igor and his fellow-student Sergey Kolesnikov were installing and repairing roofing in Moscow on a by-order basis.
In early 1993, Igor and Sergey came up with the name "TechnoNICOL" and registered the company. By September they had gone to Bashkiria for a specific membrane material that only one Russian factory produced.
In 1994, production began and all the income from selling membranes was used to acquire a roofing and waterproofing materials factory (in Vyborg). This is how the first regional TechnoNICOL office appeared.
In 1996, Igor graduated from MIPT as a physics engineer. The institute turned out to be an important period in the billionaire's life: not only did he fine-tune his profession at the institute, but also got to know his business partner Sergey Kolesnikov, his roommate at the time, as well as his eventual love, Ekaterina. The company decided to develop its own trading network. Opening of the first regional sales office in St. Petersburg.
In 1997, the KROMA company was acquired by TechnoNICOL. Acquiring necessary funds to upgrade old production machinery allowed for the start of a new stage of growth: to modernize roofing production, install hi-tech equipment and start producing modern roofing materials – all in a short time.
Launch of the Technoflex plant, a modern full-cycle enterprise for the production of waterproof and roofing bitumen-polymer membranes. At that moment, Technoflex was one of the most modern plants in Europe producing roofing and waterproof materials. The total production capacity currently amounts to more than 80 million square meters of products per year. Products are supplied to more than 30 countries.
At the end of 1999, USKK Ltd, the largest Russian producer of roofing and waterproof materials and the main exporter of roofing materials to countries in Central Asia, became part of the TechnoNICOL company. In a remarkably short time, investments were raised, the plant was restructured and the production was fully modernized.
In 2003, TechnoNICOL had 50 enterprises in Russia. The corporation entered the top 5 producers of roofing and waterproof materials in Europe.
In 2004, corporation branches were launched in all CIS countries. The company became the first Russian manufacturer to include Luxard composite tile in the product range. In the same year, TechnoNICOL launched a plant for the production of bitumen materials in Dniprodzerzhynsk. New modern materials are now developed and tested in the research center that TechnoNICOL launched in 2004.
In 2005, TechnoNICOL became the #1 producer of membrane panels for roofs in the European Union.
In 2006, TechnoNICOL started the production of extrusive expanded polystyrene under the Technoplex trademark. Two plants with a total production capacity of 600 thousand cubic meters per year were launched. The corporation was actively growing the production capacity of thermal insulation materials, supporting the energy efficiency of the construction sector.
In 2007, the corporation was joined by the Bazalit-DV plant, the biggest producer of stone wool-based thermal insulation materials in the Far East and Siberia. In October of 2007, the "TECHNO Factory" was launched in Zainsk. It had been built in Tatarstan to cover the market demand and provide innovative solutions for better construction quality.
In 2008, a new greenfield branch of TechnoNICOL-Siberia Factory for stone wool production was brought to operation in the city of Yurga in Kemerovo Oblast. Thanks to the successful investment management, between 2006 and 2008, TechnoNICOL entered the TOP-3 list of thermal insulation producers in Russia. In February of 2008, the company launched the first plant in Russia producing LOGICROOF polymeric membranes.
In 2010, the corporation became one of the biggest producers and suppliers of waterproof, soundproof and thermal insulation materials. The corporation consisted of 35 plants in Russia, Belarus, Lithuania and the Czech Republic, it's own commercial network of 140 branches and offices in 33 countries. Since 2011, the corporation has been actively growing its capacity. The TechnoNICOL plant in Dniprodzerzhynsk launched a new production line of extrusive expanded polystyrene. In Novoulyanovsk, production of XPS CARBON started.
In 2013, TechnoNICOL acquired Italiana Membrane, an Italian constructional materials plant. In Ryazan, the second plant for the production of SHINGLAS flexible shingles was launched. In the same year, TechnoNICOL topped the DIY Advice Russia TOP in the "Thermal insulations" category. TechnoNICOL was awarded for "innovative growth" at the all-Russian congress of dynamically developing medium-sized business "Gazely" of Expert media enterprise. In 2013, the company received "The Russian polymers" award.
In 2015, Igor decided to leave the operational management of TechnoNICOL, and together with his wife launched the "Rybakov Foundation" Institute for Economic Development Acceleration. The Foundation's capital is 1 billion rubles, it develops and implements programs for the development of entrepreneurship communities and support of young talents in the fields of economy and innovation.
In 2016, the Rybakov Foundation entered TOP-9 private philanthropic funds in Russia. The Foundation's aim is to realize the huge potential of Russian society and economy – a task that can only be solved drawing on the citizens' best qualities. Russian society, as well as the Russian economy, has enormous potential. The Rybakov Foundation programs help Russian citizens to work and learn from each other more effectively, to create new channels for their communication and cooperation.
Simultaneously with the philanthropic initiative, in 2017, Igor Rybakov started to fund innovative projects. In August of 2017, together with Oskar Hartmann, he launched the international venture capital fund Larix. The fund manages $100 million. Larix has already invested in 15 projects in 8 countries. Purchase of a 25% stake in the CyberLeninka electronic scientific archive for 30 million rubles. In 2017, the book "Thirst" was published.
In 2018, the SOK company opened a "smart office" at the Kurskaya metro station, operating according to the co-working principle. Igor Rybakov became a co-investor of the project. Investments in the SOK network amounted to about 1.2 billion rubles. In April 2018, the Israeli business integrator Prytek entered the Russian market with the intention to invest in local startups and promote them abroad with an average investment of up to $2 million. Igor Rybakov became a key Russian partner. Prytek has already invested over $100 million in 35 projects. Launch of the Russian Wax project. In 2018, the billionaire was 78th in the Forbes top list with a total wealth of $1.11 billion.