Moscow seed fund to select legal entities for the Pre-IPO of innovative compa

Moscow Foundation for Venture Capital Development launched the competitive selection of legal persons for the purpose of a joint Pre-IPO financing of innovative companies of Moscow that are preparing for placement on the Moscow Stock Exchange MII sector.

This initiative of the Department of Science, Industrial Policy and Entrepreneurship of Moscow is implemented with the support of OJSC RVC and OJSC Moscow Stock Exchange.

Foundation selects listing agents and investors who specialize in preparing companies for the IPO on a competitive basis, and undertakes to invest its funds in the projects selected for co-financing.

The maximum amount of funds that is allocated by the Fund to each team is determined. Listing Agent takes his own decision to grant funds in a given company, considering that in the case of provision of funds, the company also receives funding from the Fund.

Fund’s financing is provided in the form of an investment loan with deferred payment up to the IPO.

Expected terms of co-financing:
- The limit on investment in one company - 10 M RUR;
- The minimum investment in one company – 1 M RUR;
- The form of the provision of funds is investment loans with deferred repayment until entering the IPO;
- Two thirds of Fund’s money and one third of the listing agent.

Collection of bids will last until August 28, 2012. More detailed information can be obtained by calling +7 (495) 780-9277.