Government fund of funds
Development institute of the Russian Federation

RVC — is the Russian government’s fund of funds and the development institute of the Russian Federation, one of country’s key tools to create and expand the national innovation system. The company has a wide range of programs to develop Russia’s venture investment market establish educational and organizational services for market players, as well as increase the ability of Russian technology companies to compete in the global marketplace.

RVC’s main objectives are to promote Russia’s venture investment industry, and to take on the role as the project office for the National Technology Initiative (NTI).

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  • 26
    RVC-backed funds operating as of 2016
    35,1
    RUB billion is the total value of RVC-backed funds
  • 22.5
    RUB billion total volume of RVC's investment obligations in fund creation during the period of operation
    2.6
    RUB billion total amount of approved investments in portfolio companies in 2016
  • 216
    projects approved for investment during RVC’s operations
    34
    design companies investments approved by funds with the RVC capital in 2016
  • 17
    RUB billion total volume of approved investments in innovation companies during the period of operation
    11
    exits from portfolio companies as at the end of 2016
  • 4,237
    applications from technological entrepreneurs from 30 countries and 250 cities received by GenerationS-2016
    370
    representatives of venture capital market participated in the "Innovation Ecosystem" 2016 Forum
  • 222.3
    RUB billion — the total revenue of companies of the "TechUp"
    13.5
    thousand people from 99 countries took part in the "Open Innovation" Forum in 2016
  • 300
    private investors were attracted by the Business Angels "Volga Angels"
    200
    representatives of the investment community attended the first Russian-Chinese Forum "Investing in Innovation"

  • Alexey Basov was appointed Deputy General Director and Investment Director of RVC. Alexey will be in charge for the implementation of company's strategy in the field of investment policy, programs and projects.
  • RVC and the Russian Export Center (REC) signed a cooperation agreement aimed at facilitating exports of high-tech products of companies participating in the National Technology Initiative (NTI) when entering foreign markets. The agreement was signed by the General Director of RVC Alexander Povalko and head of REC Group of Companies Petr Fradkov within the Open Innovations-2017 Forum.
  • For the pilot implementation of the projects of the National Technological Initiative, a working group will be established in the Novgorod Oblast, including representatives of the NTI Project Office, the Administration and public authorities of the Novgorod Oblast, companies participating in the road maps of the NTI markets as well as individual technological entrepreneurs.
  • The State Secretary, Deputy Minister of Economic Development of the Russian Federation Oleg Fomichev, chaired a meeting of the RVC Board of Directors, at which the Company's Development Strategy for 2017-2030 was approved. The strategy defines the mission, strategic goal and objectives, lines of activities and tools that ensure achievement of the statutory goal of RVC: profit making, stimulating the development of the venture investment industry in Russia, discharge of the functions of the NTI Project Office.
  • The head of RVC Alexander Povalko about the new strategy of the development institute. The General Director of Russian Venture Company (RVC), Alexander Povalko, in his interview to Kommersant told about the problems of supporting innovation in Russia and shared plans to create new funds while reducing the share of the company by attracting private investors.
  • RVC and Sberbank PJSC have signed an innovation and technological cooperation agreement focused on searching of new technologies and increase in business efficiency of both parties.
  • The Venture Market Board at RVC was established in partnership with the Ministry of Economic Development. The board will be comprised of experienced professional venture investors, representatives of private and corporate business funds, business angel associations.

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