At St. Petersburg International Economic Forum, RVC and the Government of the Samara Region signed an agreement to implement the National Technology Initiative (NTI) in the region, to develop an innovative ecosystem and promote technological entrepreneurship. The document was signed by RVC CEO, Alexander Povalko, and Acting Governor of the Samara Region, Dmitry Azarov.
The parties agreed to implement National Technological Initiative in the Samara Region by creating and launching NTI projects in the region and by jointly exercising methodological, analytical and expert work. To make the cooperation more efficient, it was agreed to hold in the region a number of all-Russian and international events, contests and project sessions which will entice industrial and investment partners in the Samara Region.
It is an equally important task to educate personnel for promising markets of the National Technological Initiative, so the parties agreed to set up and develop in the region special training programs to prepare highly qualified specialists for NTI companies, technology brokers and entrepreneurs. To implement the agreement, the Government of the Samara region will create a specialized project office.
RVC and Samara Region Government have also agreed to continue creating in the region a venture investment market and an innovative ecosystem and stimulating technological entrepreneurship. To find investors, RVC will apply in the region new venture market tools, mentor the activities of venture funds and support the business angel community. The Samara region will also host accelerators to develop the local start-up community.
About National Technological Initiative
The National Technological Initiative is a long-term comprehensive program to ensure that in the next 15-20 years Russian companies will take the lead in new high-tech markets. NTI is meant to be a broad coalition, consisting of groups of like-minded people from technology companies, of leading universities and research centers, major business associations of Russia, development institutions, expert and professional communities, interested executive bodies. Currently, there are 12 working groups that are developing road maps for nine promising markets and three cross-market directions.
RVC JSC is a governmental fund of funds, the Institute of Development of the Russia's venture investment industry. The main objectives of RVC JSC: promote creation of Russia's own venture capital industry and execute functions of the Project Office of the National Technology Initiative (NTI). The authorized capital of RVC JSC is more than 30 billion roubles. One hundred per cent of the RVC capital is owned by the Russian Federation represented by the Federal Agency for Management of State Property of the Russian Federation (Rosimushchestvo). The total number of funds formed by RVC JSC has reached 26, their total size is 35.7 billion roubles. The share of RVC JSC is 22.7 billion rubles. The number of innovative companies approved for investment by RVC funds has reached 223. The total amount of monetary funds approved for investment is 18.2 billion roubles.