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Russia marks the Heroes of the Fatherland Day since 2007. The date, December 9, commemorates the Russian historical tradition of honouring the holders of the Order of Saint George, which was established on this day in 1769. The St George ribbon has become the symbol of military valour and the symbol of victory.

The event is organized by the RF Ministry of Economic Development, Vologda Oblast Government, Vologda Region Development Corporation and Regional Centre for Entrepreneurship Support. The international conference is arranged with an active backing of the Russia-Britain Chamber of Commerce, the Russian-German Chamber of Foreign Trade, the American Chamber of Commerce in Russia, the Japan External Trade Organization (JETRO), embassies of foreign states in Russia, Enterprise Europe Network – Russia Consortium and other government-related organizations that promote mutually beneficial trade and investment.