The volume of venture fund created by Russian Technologies will be 4 B RUR

The volume of venture fund created by Russian Technologies will be 4 B RURThe volume of venture capital fund New Technologies, which is created by Russian Technologies State Corporation jointly with RVC, is 4 B RUR. The Fund will operate till 2020; it is assumed that it will finance 210 companies during this period of time.

First of all, the fund will work with those companies and businesses whose activities are related to the establishment of civil innovative products in information technology, alternative energy and medicine.

The establishment of the fund presupposes the agreement on the establishment and development of innovation infrastructure. Under the agreement, the employees of Russian Technologies will be trained in the selection and implementation of innovative projects, management of seed and venture capital funds on the basis of RVC. Among other things, the possibility of funding for innovative projects developed by the divisions of the corporation is not excluded.

According to the director of RVC Investment Jan Ryazantseva, the agreement with Russian Technologies aims to find promising investment opportunities and projects. It creates the conditions for cooperation in many areas, from infrastructure to education, and, in particular, allows for the establishment of venture and seed funds. We look forward to seeing big companies and industrial holdings, as investors in these funds. Including, of course, Russian Technologies - says Ryazantsev.

The share of RVC in New Technologies is about 30% which means that about 1.2 B RUR of the total volume of the new fund will be provided by RVC.