Government fund of funds
Development institute of the Russian Federation

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RUSNANO, RVC and FEDF agreed to launch a far-eastern fund to develop and Implement high-end technologies

25.05.2018


On May 25, 2018 at the St. Petersburg International Economic Forum an agreement was signed to establish a Far Eastern Fund for Development and Introduction of High Technologies between RUSNANO, RVC and the Far East and Baikal Region Development Foundation. The document was signed by Anatoly Chubais, Chairman of the Management Board of Rusnano, Alexander Povalko, CE of the RVC, and Alexey Chekunkov, CEO of the FEDF.


The Fund, which was created by the instruction of the President of Russia Vladimir Putin, aims to develop an innovative system in the Far East, to mainstream advanced technologies and increase the share of high-tech products in the GRP.

The Fund will be incorporated in the form of an investment partnership, whereby RUSNANO will act as a managing partner (GP). The total budget of the Fund at the first stage will amount up to RUB 4.9 billion. About 70% of the budget in equal shares will be invested by FEBRDF and RUSNANO, 30% will be contributed by RVC. The average amount of one investment in the venture-stage projects will not exceed RUB 100 M, the growing projects will receive no more than RUB 1 M.

The Fund's investment focus will be on nanotechnology projects, as well as projects corresponding to priority markets of the National Technology Initiative, including unmanned transport, neurotechnologies, advanced production technologies, intellectual energy, etc.


‘The Fund, which we are making, has an ambitious task to create a new cluster in the region high in educational, science-and-technology opportunities, but low in innovation results. Having ten years of experience building national nano-industry, we may say that solving a broad-scale challenge like this requires more than a number of enterprises, equipped with state-of-the-art equipment and manufacturing advanced high-tech products. It is necessary to apply an integrated approach which, along with the construction of such enterprises, ensures they have necessary infrastructure, personnel, regulatory framework. RUSNANO knows how to do all of it, and I am confident that the Fund will make a significant contribution to transforming the Russian Far East into a technologically advanced, competitive macro-region, said Anatoly Chubais, Chairman of the Management Board of RUSNANO.

The Fund will invest in Russian growing companies, which create hi-tech products and services with high export potential, implement projects related to international technology transfer, launch new types of products with high added value and nationalize production of high-tech equipment.

The Far East has a high potential for implementing projects of the National Technological Initiative. Apart from having a favorable geographic location compared to Asia-Pacific countries, the region has priority development areas, free port regime and conditions to do R&D with human capital. The FEFU university has already opened the Center of NTI Competences in the fields of neurotechnologies, AR and VR, which in the long term can be a generator of projects for the Fund,’ said Alexander Povalko, RVC Director General.

The Fund has already identified the first two projects to be presented to the investment committee of the fund. The first project is Visitech, a developer of an intelligent modular system for automated business processes in the field of industrial safety. The second project is a company that develops energy sources for robotic equipment

‘We are striving to turn Far East into a base where breakthrough technologies are made and introduced into everyday life, where Russian developers can be given a hand in reaching promising foreign markets. Asia has a colossal demand for innovative technologies. With financial support of the technical fund, unique conditions for doing business in advanced development areas and the Free Port, Russian developers will have stronger competitive advantages and high-tech companies from other Russian regions will flock to the Far East,’ noted Alexey Chekunkov, the CEO the of the FEDF






Information

About RVC

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.
www.rvc.ru

About Rusnano

RUSNANO Joint-Stock Company was founded in March 2011 through the reorganization of the feferal Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-tech projects that ensure the development of new industries in the territory of the Russian Federation. Its primary investment focus is on electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. The 100% stake in ROSNANO is owned by the government. Thanks to investments, RUSNANO currently has 95 enterprises and R & D centers in 37 regions of Russia.

The assets of ROSNANO JSC are managed by ROSNANO Management Company LLC, founded in December 2013, with Anatoly Chubais being its chairman. Foundation for Infrastructure and Educational Programs, which also appeared as a result of the reorganization of the state corporation, is charged with establishing nanotechnology infrastructure and implementing educational programs
www.rusnano.com

About the Far East and Baikal Region Development Fund

The FEDF is a member of the Vnesheconombank Group and implements priority investment projects aimed at accelerating economy of Far East. Currently, the Fund finances 15 infrastructure and industrial projects with a total value of more than RUB 166 billion, of which the Fund's investments amount to RUB 38 billion. For example, the Fund finances (in the form of concessional loans and investments in charter capital) the construction of a mining and processing facility in Yakutia, the first railway bridge between Russia and China, a new airport in Khabarovsk, and large agricultural enterprises in the Amur Region and the Primorsky Territory.


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