Government fund of funds
Development institute of the Russian Federation

Execution of instructions of the Government of the Russian Federation

In 2015, RVC continued to work on the execution of instructions approved by the Chairman of the Government of the Russian Federation, D.A. Medvedev, on July 25, 2014 as a result of the meeting of the members of the Expert Council of the Government of the Russian Federation.

In 2015, the Company was focused on preparing for the national report on innovation in Russia, the development of corporate venture funds and projects with a high innovation component.

Mikhail Abyzov, Minister for Open Government Affairs of the Russian Federation

Development of innovation requires continuous administrative, political and economic accompaniment. That was precisely the reason behind the National Report on Innovation in 2015, prepared by the Expert Council of the Government of Russia.

RVC was specifically chosen as a partner in the preparation of the report because of the successful experience of the сompany in preparing complex analytical documents, and also the fact that RVC took upon itself the additional burden of managing the national innovation ecosystem, within our joint work for systemic and strategic issues.

In the national report on innovation, we decided to depart from bureaucratic algorithms and tried to create a product together with business; in other words with those who are in the front line of creating and consuming innovation.

One of the main tasks was to form a set of indicators for effectiveness that characterize, among other things, the dynamic of innovation development, and also the level of advancement or lag in comparison with foreign colleagues.

This kind of a instrument panel should become a good aid in carrying out high-quality monitoring of the condition of the national innovation system, and also during the adoption of management decisions.

Projects Activity results in 2015
Monitoring, analysis and revision of strategic priorities, adopted decisions, and state programs with an innovation component

Preparation for the national report on innovation in Russia

— The national report on innovation in Russia was prepared, in order to present a multifaceted analysis of the condition of the innovation ecosystem and related factors. Recommendations were offered for improving the management system, increasing the efficiency of supporting innovative activities, and transforming the relationship of society to innovation and enterprise.

Development of corporate venture funds and industry funds, investment in development institutes, acquiring innovative companies

RVC activities within the program for stimulating venture investment of state companies and companies with government participation

— A road map for activities was developed and approved. This included developing the system of corporate venture funds and implementation of investments in industry funds or development institutes. It also promoted the acquiring of companies leading innovative developments within the implementation of the program for innovative development of state companies and companies with government participation.

— Instructions were given to interested federal bodies of executive authorities and to development institutes as part of the preparation of a concept for creating industry funds for “innovative technologies in the sphere of the fuel and energy complex” and “new production technologies”.

Instructions were given to interested federal bodies of executive authorities and to development institutes as part of the preparation of a concept for creating industry funds for “innovative technologies in the sphere of the fuel and energy complex” and “new production technologies”.

— The “Management of corporate venture funds” professional development program was implemented, including both educational modules in Russia and professional trainings in Germany

The creation of financial and nonfinancial instruments, aimed at supporting the development and implementation of state company programs for venture investment, within the Program for Innovative Development (PIR)

— Methodological materials were prepared on the mechanisms of corporate venture and direct investment, and their practical application by corporate investors;

— The opportunity to implement pilot initiatives of Russian companies in the use of “open innovation” instruments was elaborated, with the methodological assistance of infrastructure organizations within the frames of the federal accelerator-competition for technological startups, Generation S.

Support and development of the system for industry (inter-industry) investment funds with participation of capital from state corporations and companies with government participation

— Recommendations were developed for developing concepts for industry funds with the participation of large state companies.

National projects with a high innovation component

— An organizational model for the management of national projects with a high innovation component was finalized and elaborated;

— A preliminary concept of the “Active Longevity” project was developed;

— Materials were presented at the Ministry of Economic Development and the Government of the Russian Federation, and used in the development of relevant road maps of the National Technological Initiative.

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