Kama Fund First Venture capital fund experiencing difficulties

Kama Fund First share investment fund created in the Perm region got only part of the funds needed to start its full-scale operating. According to The new companion regional edition, tranches of Nanostart and RUSNANO JSC were not received within the prescribed period of the investment agreement - until March 15.

Recall, that the target size of Kama Fund First according to agreements between the investors is 2 B RUR, 750 M RUR were to invest RUSNANO JSC and Perm, about 500M RUR - Nanostart Company.

Perm in the face of Perm Krai investment promotion agency paid its share (750 M RUR). Other investors have not yet invested their money, according to the source of The new companion.

RUSNANO OJSC Head of Press Service Sergey Filippov told The new companion, that no one is going to close the fund, but refrained from the further comment.

The Minister of Industry and Innovation of Perm Ksenia Novikova, in turn, said: Indeed, when forming Kama Fund First SIF some problems appeared, but they are solvable, and the model of solution is ready.

Kama Fund First SIF was created with the active support of the Government of Perm region. Its task is, according to the Rusnano website, financing promising nanotechnology projects in the region, as well as promoting Perm region high-tech products to other regions of Russia and abroad.

The mass media report that the RUSNANO JSC finishes 14 regional projects in 2012.