According to the Ministry of economic development of the region, Stavropol authorities formed a closed-end investment fund (CIF) for high-risk venture capital investments in small and medium businesses with the volume of 400M RUR. LLC AktivFinansMenedzhment will manage the fund, and has already announced its readiness to receive applications for the investment.
The Federal Financial Markets Service registered the results of the CIF’s formation managed by LLC AktivFinansMenedzhment (LLC AFM, Orenburg) on October, 11. In March of this year this Orenburg company won an open competition for the selection of a company to manage the property of Stavropol Regional Venture Capital Fund.
The CIF has been created for the financial support of enterprises of Stavropol Territory, working in science and technology, and becomes one of the most important elements of regional innovation policy. The fund can invest from 30M RUR to 60M RUR in one innovative project.