Department of Science, Industrial Policy and Entrepreneurship of Moscow with the Moscow Venture Capital Development Fund announce a competition for selection of private investors for joint investments in Moscow start-ups. The main objective of this initiative is aimed at increasing the number of investors in the early stages (seed funds, business angels) and the startups that have received investment.
It is supposed that the Fund will provide easy loans to projects receiving investment from private investors who have passed the competitive selection. According to the Fund representatives, this is to increase the activity in early-stage investments.
The sense of the competition is to select corporations and individuals interested in investing money in Innovative Enterprises at the seed stage of development in partnership with the Fund to promote venture capital investments in small scientific and technical enterprises of Moscow.
The contest will last from April 16 to May 31, 2012.
The contest participants can be both Russian and foreign corporations and individuals that meet the requirements of the tender documentation.
The Fund to promote venture capital investments in small scientific and technical enterprises of Moscow was created to perform complex operations on the forming in the territory of Moscow the economic conditions for small and medium enterprises of innovation. The main objective of the Fund is support for small and medium-sized innovative enterprises.