System of RVC Seed Fund venture partners
To ensure the flow of transactions and professional support to its portfolio companies, the fund forms a system of venture partners, who are looking for innovative projects, prepares them for submission to the investment committee, provides professional support to portfolio companies and interacts with venture capital specialists of RVC Seed Fund Ltd.
The procedure of registration of venture partners of RVC Seed Fund Ltd. is based on the principles of publicity, accessibility, voluntariness and self-sufficiency.
There are the following key requirements for the venture partners:
at least one expert in the field of venture capital investment employed on a full-time basis or under a civil agreement;
financial capacity to cover operating costs;
sources of projects (access to the well-developed investment infrastructure: business incubators, technology parks, technology and innovation special economic zones, programs of financial support for innovative ventures and so forth);
a portfolio of innovative projects at the seed stage, requiring investment and satisfying the investment conditions of the fund;
the obligation to raise at least 25% of private investments in cash for the projects submitted;
payment for services related to registration.
Originators of the venture partners of RVC Seed Fund Ltd.
Regional executive authorities of the Russian Federation, leading research centres or institutes of Russian Academy of Sciences, leading universities and other legal entities, having the necessary resources that can attract private capital and interested in participating in seed investment, may act as proponents.
A person, registered as a venture partner, may independently act as a proponent.
Procedure and conditions of registration (re-registration) of venture partners
Registration of venture partners shall be conducted in accordance with the Regulation of the System of Venture Partners of RVC Seed Fund and the Procedure of Registration thereof and the Public Offer Agreement to this Regulation.
The application for the registration of a venture partner shall contain, without limitation, information on the expertise, material and technical, and financial capabilities of the venture partners (the proponents of the venture partners), allowing for effective regular work on search, selection and post-investment support of innovative companies.
Admission and review of applications for registration (termination of registration/re-registration of the venture partner) shall be carried out by RVC Seed Fund Ltd. on a reimbursable basis.
Regulation On RVC Seed Fund Venture partners' System and procedure of Their Registration
Schedules to Regulation On RVC Seed Fund Venture partners' System and procedure of Their Registration