Government fund of funds
Development institute of the Russian Federation

RVC — Company Profile

RVC — is a government fund of funds and a development institute of the Russian Federation, one of Russia's key tools in building of its own national innovation system.

The main objectives of RVC

— Encouraging the creation of Russia's venture capital industry. The company performs the role of the state foundation of venture capital funds, through which the state stimulates venture capital investments and financial support for the high-tech sector as a whole, as well as a role of the industry development state institute of venture investment in the Russian Federation.

— Performance of the functions of the National Project Office of the Technology Initiative (NTI), in particular: provision of project management, organizational, technical and expert-analytical support, information and financial support in the development and implementation of action plans ("roadmaps"), and projects for the implementation of action plans ("roadmaps").

Corporate governance

RVC was established in accordance with the directive of the Government of the Russian Federation No. 838-p in June 7, 2006. RVC’s authorized capital amounts to RUB 30,011,320,700. RVC’s capital is owned in full by the Russian Federation represented by the Russian Federal Agency for State Property (Rosimuschestvo).

General Meeting of Shareholders Board of Directors Management Board Chief Executive Officer Board of Directors Committees Management Board Committees Audit, Control & Risk Management Social Responsibility
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NTI Project Office

The National Technological Initiative (NTI), unveiled by the President of the Russian Federation on December 4, 2014 in an Address to the Federal Assembly of the Russian Federation, is a long-term public-private partnership program. It is aimed at forming new prospective markets based on high-technology solutions that will determine the development of the world economy over the next 15-20 years. The intended result of the NTI is the emergence of leading Russian companies onto global markets of the future in 2030-2035.

One of the primary tasks of the RVC is creation of an effective NTI Project Office in collaboration with the Agency for Strategic Initiatives to Promote New Projects, other development institutions, federal executive bodies and stakeholders.

Methodical, organizational and instrumental support of effective engagement of the project groups involved in the design and implementation of the NTI roadmaps should become the main focus of the project office.

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Investment Activity

RVC's investment activity is aimed at attracting private Russian and foreign players into the innovation segments of the Russian economy, and also developing new investment instruments of the national venture capital market.

This is achieved by forming funds based on public-private partnerships. RVC pays particular attention to knowledge-based sectors that have low levels of private capital and are important for the development of balanced innovation of the country.

RVC-backed funds

RVC invests through venture capital funds created in conjunction with private investors.

The total number of RVC funds has reached 26 (including two funds in foreign jurisdictions), with their total size of RUB 41.8 bn. The share of RVC is RUB 24.8 bn.

The number of innovative companies approved for investment by RVC funds reached 225 in 2018. The total volume of approved investments is RUB 18.6 bn.

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Development of an Innovation Ecosystem

Investment in venture capital markets in public-private partnerships is a necessary, but not sufficient, condition for the sustainable functioning of an innovation ecosystem. With regards to the aims and objectives of the strategy for innovation development of the Russian Federation for the period until 2020, RVC is also forming non-financial instruments.

Guiding principles within this activity are: the growth of competencies and the increased efficiency of cooperation with participants of the venture capital market, the popularization of technological enterprise, support for regional infrastructure, and also assisting the globalization of the Russian innovation industry.

The RVC develops and implements programs aimed at the creation and the use of non-financial instruments of development of venture investment market and technological entrepreneurship.

The set of the RVC programs is not fixed and may vary depending on decision of the RVC management bodies according to the factors of external and internal environment.

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Venture market infrastructure development program

Program objective is to form and develop objects included in the Russian venture market infrastructure. Within the program framework, RVC carries out activities related to educational, communication, information and analytical support to investment community participants and regional infrastructure objects providing a high quality flow of teams and projects of technology entrepreneurship.

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Program for popularization of new technology markets

The objective of the program is to ensure engagement of the active part of society in innovation activity and to develop positive public image in relation to new markets and technologies.

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Strategic development of the national innovation system

One of the key results of RVC activities within this direction should be development of strategic agenda and specific proposals for various aspects of innovation, scientific and technological policy as well as public support of the corresponding initiatives.

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International Activity

RVC international activities are aimed at studying of relevant information about the most promising international innovation markets, development of partnerships with their key players, and integration of products and services of Russian technology companies into global added value chains.

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GenerationS — Federal Accelerator for Technology Start-ups

GenerationS is a federal accelerator for technology start-ups, in which the best projects are selected by the results of a multi-stage examination to receive intensive development and broad opportunities for investment.

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TechUp — Russia’s fast-growing high-tech companies National Rating

TechUp is an effective tool for search, monitoring and promotion of promising fast growing domestic non-resource companies with high potential for leadership both in domestic and global markets.

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Open Innovation — Forum and Technology Show

It’s a global discussion platform where entrepreneurs, representatives of the research community, and innovators share their experience, present achievements, and predict trends in development of the new technology market and discuss prospects of international cooperation in the field of innovation.

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