RVC to assist in innovation and venture in the Kaluga region

RVC to assist in innovation and venture in the Kaluga region Russian Venture Company and the Kaluga region will cooperate in the development of innovation. The agreement was signed on April 28, 2012. RVC will also help develop the regional system of venture capital and seed investment in the Kaluga region, as well as synergies in this area with other regions of Russia.

This is already 27th cooperation agreement of RVC with Russian regions, says the company press release.

The Government and the Governor of the Kaluga region Anatoly Artamonov as a priority in regional policy have chosen an innovative model of development in order to build an efficient, competitive economy based on knowledge. The main innovation activities of the Kaluga region today are the automotive industry, biopharmaceuticals, new materials, information technology, as well as projects in the field of nanotechnology. Knowledge economy structures are operating in the Kaluga region: business incubators, innovation centers and technology parks, centers of collective use of instruments and equipment; Regional Venture Fund and the Technology Transfer Network; funds for the support and assistance to business in the scientific-technical sphere and many others.

Today the region is in need of expanding opportunities for the innovative technologies commercialization and development of our companies, as well as better education of specialists in this sphere. I am confident that partnership with RVC will facilitate the further development of the region's innovation and investment, - said the regional governor Anatoly Artamonov.

Under the agreement, RVC will implement its programs for development of venture investment infrastructure, advisory support to the Government of the Kaluga region on establishing and activities of venture capital funds, direct the subjects of innovation operating in the Kaluga region to the venture capital funds and to assist them in improving the quality of preparing innovative projects.

It is obvious that the innovation infrastructure is to operate successfully in the first place where technology businesses are being established and developed, - said Igor Agamirzyan, OJSC RVC CEO and Board Chairman. - Kaluga region has a high scientific and engineering potential, regional innovation infrastructure is successfully operated. RVC’s initiatives in the first place, will be aimed at creating a unified and efficient information space for the technology market participants of the Kaluga region. In particular, the RVC affiliate network will be formed on the basis of the region's innovative structures.