RVC — About the Company

RVC is a state fund of funds, a development institution in the Russian venture capital market.

The mission of the company is to create a mature venture capital market through the consolidation and development of resources, competencies and initiatives on the part of investors, investment portfolio managers and entrepreneurs so as to create and promote innovative products and technologies in priority technology areas, making Russia a leader in the global technology market.

The strategic goal is to achieve, by 2030, significant participation in the global venture capital market comparable with European funds of funds in terms of the scale of activities in order to support Russian technological entrepreneurs in priority technological fields for an effective conversion of the established scientific and technical reserve to innovative technologies, products, and services.

Priority technology fields which RVC focuses on correspond (but not limited to) the thematic areas of NTI road maps and end-to-end technologies for the implementation of the Strategy for Scientific and Technology Development of the Russian Federation, including in the field of creating large-scale platforms for a modern digital economy: biomedicine, energy, advanced production technologies, new materials, development of component base, and quantum technologies.


Corporate Governance

RVC JSC was established as part of the Consolidated Action Plan for the Implementation of the Basic Provisions Set Forth in the Address of the President of the Russian Federation to the Federal Assembly of the Russian Federation in 2006 in order to improve competitiveness and develop high-tech industries (approved by the decree No. 838-р issued by the Government of the Russian Federation on June 7, 2006).

Since 2015, the company has been involved in the implementation of NTI, and since 2016, it has been performing the functions of the NTI Project Office (Resolution of the Government of the Russian Federation of April 18, 2017). No. 317): provides project management, organizational, technical and expert-analytical support, information and financial support in the development and implementation of action plans (“road maps”) and NTI projects.

The statutory objectives of the activities of RVC JSC are as follows:

— gain profit;
— encouraging the development of Russia's own venture capital industry;
— execution of the functions of the NTI Project Office, in particular: provision of project management, organizational-technical and expert-analytical support, information and financial support for the development and implementation of “road maps” and NTI projects.

The authorized capital is 30,011,320,700 rubles. RVC capital is owned in full by the Russian Federation represented by the Federal Agency for Management of State Property of the Russian Federation (Federal Property Management Agency).

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Investment Activities

The investment activities of RVC are aimed at increasing the venture capital offer through the creation of new funds jointly with its partners: private, institutional and foreign investors as well as large corporations. At the suggestion of market participants, RVC JSC invests in venture funds and initiates the creation of new funds with the involvement of professional investors and managers.


Funds created with the participation of the capital of RVC JSC

RVC JSC invests funds through venture funds established jointly with private investors.

All in all, RVC has backed 34 funds (including 2 funds in under a foreign jurisdiction). The current portfolio includes 29 venture capital funds with a total capitalization of RUB 53,3 bln i.e. about US$ 762 mln., with a target volume of RUB 64,8 bln i.e. about US$ 926 mln., its share amounting to RUB 28,9 bln i.e. about US$ 413 mln.

As on march 2020, RVC backed funds run a portfolio of 152 companies, invested capital totaling more than RUB 15 bln i.e. about US$ 215 mln. The total number of innovation companies invested by RVC funds has reached 289.

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NTI and Technological Development

The National Technology Initiative is a long-term comprehensive program of activities to create fundamentally new markets and create the conditions for Russia's global technological leadership by 2035. The implementation of NTI is one of the priorities of the state policy of Russia.

RVC is vested with the functions of the NTI Project Office.

The Russian Venture Company (RVC) was authorized to perform the function of the NTI Project Office by Decree No. 317 of the Government of the Russian Federation of April 18, 2016 "On Implementation of the National Technology Initiative".

RVC carries out project management, provides organizational, technical and expert-analytical support, information and also provides financial support for the development and implementation of NTI roadmaps and projects.

The NTI's Roadmaps including measures for the creation, development, and promotion of advanced technologies, products and services are the key tool for the creation of new global markets in the long term.

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Projects and Initiatives

Global Technology Leadership Forum

Global Technology Leadership Forum

The focus of the Forum is the formation of the technological policy of Russia for the next decade, the evaluation of the results of scientific and technological development, the determination of role and leadership potential of Russia in the global technological agenda and the formation of the NTI strategy for the period of 2020-2025.

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NTI Competence Centres

NTI Competence Centres

The NTI Competence Centres integrate the capabilities of institutions of higher education, scientific organizations and business to conduct comprehensive research and create high-tech products for new markets.

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Центры компетенций НТИ

The NTI technology competitions

Technology competitions of the National Technology Initiative are contests of technologies and innovative products, including breakthrough technology solutions of complex scientific and technology problems, conducted in order to overcome technology related barriers in priority sectors and markets of the NTI.

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GenerationS

GenerationS is the major start-up accelerator in Russia and Eastern Europe, federal corporate platform to develop acceleration tools. The main function of GenerationS is to work on the acceleration of projects in the interests of corporate investors.

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TechUp is a rating of fast-growing technology companies

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

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The Open Innovations Forum

The Open Innovations Forum is the largest in Russia and one of the most significant events in the world, demonstrating the main trends and key achievements in the innovation sectors of the economy. RVC is co-organizer of the Forum.

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