SkolkovoRusInnovations: ?Good for Russia and Great for Investors?

Rye, Man and Gor Securities has announced the creation of and its investment in SkolkovoRusInnovations (SKRI), a new business concept for the Russian innovation economy development

Rye, Man and Gor Securities announced earlier this week in an exchange with Marchmont the creation of and its investment in SkolkovoRusInnovations (SKRI), a new business concept for the Russian marketplace and innovation economy development. SKRI has adopted a unique business model ?Fit-for-Russia?, but one based on success stories from the London Stock Exchange. SKRI will commercialize Russian innovative technologies with reduced risk for investors and bring together a management team able to boast decades of experience in business, finance and high-tech commercialization inside Russia and internationally. These elements will allow SKRI to successfully undertake IPO during H1, 2014 on the London and Moscow Stock Exchanges for some $250m USD. The public listing will allow investors to participate in a massive portfolio of Russian innovative technologies hedged against industry sector, size of investment and commercial maturity, while simultaneously reversing the traditional difficulties of poor liquidity, lack of Exits and lengthy lag-phase prior to wealth creation. Alexey Goryachev, President of Rye, Man & Gor Securities commented: ?Faced with uncertainty in their existing business models, financial investors are under pressure to find new sources of revenue growth...