FINAM GLOBAL launches a new incubator for startups

FINAM GLOBAL launches a new incubator for startupsFINAM GLOBAL Investment Fund announces the launch of a business incubator FINAM GLOBAL Fun, which will support start-ups focused on international development. Internet companies planning to enter the markets of Asia, the U.S. and Europe will be able to receive special-purpose financing of up to $1 M. In the coming year FINAM GLOBAL Fun is ready to finance 30 projects, the company said.

FINAM GLOBAL is a unit of Finam investment holding company, that unites direct investment, private equity, investment banking (in terms of TMT companies), the international development of Internet projects and several others.

FINAM GLOBAL Fun business Incubator will support Russian Internet projects, interested in entering the most intensive and rapidly developing foreign markets. Asian countries are of greatest interest as well as the U.S. and Europe. Startups can rely on special-purpose financing, focused primarily on the new regions’ market share rapid gaining by implementing aggressive marketing strategies. In addition, FINAM GLOBAL Fun partners are provided with the necessary support in the alignment of business processes, finding contractors abroad, etc.

Amount of investment per project is expected not to exceed $1 M. The incubator intends to fund 30 projects this year. At the same time, the FINAM GLOBAL fund is ready to consider the applications from mature companies that have plans for international development. They can receive both direct investments and loans of Bank of Finam JSC. In these cases, the investment limit for a project is set individually.

Despite on the high dynamics of the Russian market, its potential is limited. The highest return on investment can be reached by staking on international projects which consider the world market as a whole. We are ready to support such companies with financing and other resources. I am sure that cooperation with us will be interesting for talented Internet entrepreneurs who believe that they got a really great idea - Dmitri Smirnov, FINAM GLOBAL director says.