As it has become known today, RVC, RUSNANO and MICEX-RTS integrated exchange are going to create The Market for Innovations and Investments non-profit partnership (MII NP) as sources familiar with the negotiations reported. According to preliminary data, both parties will contribute up to 10 M RUR to the MII NP. The partnership is created to support innovation companies. Shares of non-public companies will be placed on the MII-board Internet resource, the main project of MII NP.
Such companies include start-ups not older than four years with great growth potential and market capitalization to $ 20 M, interested in attracting up to $ 3 million, as well as in launching to IPO.
RVC is to provide startups with information and expertise, as well as to help develop their cooperation with a network of RVC’s Seed Investment Fund Venture Partners. The preliminary budget of the partnership for 2012-2013 will comprise 15 M RUR, including 4 M RUR for the technology and development expertise, assistance in preparing a business plan and commercializing the results. Moreover, it is stressed that the RVC’s Board of Directors approved financing the project at the end of January; it is confirmed by Alexey Sitnikov, the vice president for management and development of Skolkovo Institute of Science and Technology, who is the RVC’s Board member.
MII-board is an incubator for the issuers of the MICEX, where shares of any company can bargain without reporting requirements. But the list of purchasers will be limited, including mostly institutional and venture capital investors. The project will have a very slow start, as it is necessary to recruit a critical mass of participants, investors and suggestions. At first it will be possible to see a few transactions per month, - the source close to the deal reports to Kommersant newspaper.
The Russian MII-board analogues exist abroad. In particular, the American SecondMarket.com last year brought the volume of transactions up to $ 558 M.