It is conducted on the basis of the completed Engineering and Manufacturing Summary (EMS) of the project and includes, namely, the analysis and study of public information (available to the general public), study of the comments from the project originators, experts, specialists and partners of the innovative company. The complex analysis of the feasibility of the innovative project is given.
It consists of measures of professional analysis and appraisal of the innovative company, its investment attractiveness and the reliability of the provided information. The audit includes economic, as well as scientific and technical expertise conducted on the basis of the business plan, financial model and project presentation presented by the project originator.
It includes the key project parameters marked at the stage of the investment committee approval, as well as budget and legal documents.
In accordance with the transaction's terms and conditions, the Fund carries out constant monitoring of portfolio companies and plans the actions on the increase of their capitalization together with them.
The procedure of capitalization increase of a portfolio company may take from one to three years. then it is necessary to consider the possibility of withdrawal from the project, either by sale of share / interest to the strategic investor or venture capital fund (namely, it is possible to consider RVC Seed Fund as the next stage of project development), or through the purchase by the company's management. The decision is based on a number of factors, which include gaining of considerable results in the company's innovative potential, analysis of market dynamics development or the presence of a strategic buyer.