The Life Sciences Seed Fund IPA invests into the projects conforming to the fund's focus:
Within the framework of the investment procedure the fund considers the applications on projects having at least the first version of prototype product, and able to confirm proof-of-concept of the supposed solution, which permits assumptions as to the competitive abilities of the product and its market demand.
The Fund invests in pre-seeding and seeding stages to the amount of RUB 15 mln.
When appraising and selecting the projects for investment, the fund considers the following criteria:
The investment analysts of the fund carry out the preliminary analysis. The preliminary analysis procedure includes the analysis and study of public information (available to the general public), study of the comments from the project originators, experts and specialists of the innovative company as well as opinions of the market participants. The complex analysis of feasibility of the innovative project is generated.
For the purposes of the investment procedure, the fund carries out a thorough audit composed of measures on the financial and legal aspects, business analysis and appraisal of the project. As a result, a project conclusion on the investment attractiveness and reliability, based on the provided information, is prepared.
Under the terms and conditions of the transaction the fund carries out post investment support: it plans the measures on capitalization increase (appraised market cost) of portfolio companies, takes part in determination of the degree and form of engagement in their management.
The fund's investment period is two years. During this period the fund implements a set of measures to increase the capitalization of the portfolio projects and then ways to withdraw from it are considered, by sales of its shares to the strategic investor, the next stage fund or through purchase of the company's management.
The resolution of the fund's investment committee on withdrawal from the portfolio company is based on a number of factors, including reaching of considerable results in the implementation of its innovative potential, analysis of the dynamics of the market sector development or the appearance of a strategic buyer of the portfolio company.
The project information may be sent at: email@example.com