Firrma by order of RVC in partnership with NABA and VC.ru presents the next annual rating of business angels, the most enthusiastic private venture investors in Russia.
Press about RVC
Mikhail Antonov, economist, discourses upon what needs to be changed in the education system in order to adapt it to the technological challenges of the future
In 2017 there were three times as many venture capital funds (11) compared to the previous year (4). At the end of the year the indicator on the fund's transactions was recorded as similar as in 2016 — 391.
Power-plant engineering receives a chance to accelerate development
As of the end of 2017 new venture funds have intensified their activities in Russia: their number has increased almost threefold, from 4 to 11. On the other hand, foreign funds investing in Russian start-ups have significantly reduced in number. This is what Firrma magazine states in their rating, compiled with the support of RVC and Ernst & Young.
Participants of Innopraktika congress have discussed mid-term issues common to all mankind.
Over the next 12 years the world will see an intensive development of near-Earth and near-moon space. The only question is whether Russia will be involved. There are too few chances to become a great space power.
In December, Firrma traditionally presents its rating of venture capital funds’ activities in Russia. Being RVC's strategic partner, the rating is also supported by EY. Below you will find the main rating of funds as well as three additional ones: seed funds, novice funds and foreign funds that invest in Russian start-ups. Please note the main trends of 2017.
The venture market is looking for new capital sources
Roman Abramovich's Norma Investments and Pharmstandard International, a subsidiary of Pharmstandard, invested $ 6 million in the biotechnological start-up OncoTartis Inc, which is an American subsidiary of the Skolkovo resident Onkotartis, Vedomosti reports.
According to the ASI's representative, NTI is working on 150 technology products with the focus on new markets
The government plans to invest in "machine hearing" technology. The "center for speech technologies" has received a grant worth RUB 270 M.
A "Silicon Valley" is expected to be developed in the Far East. Far East's high-tech enterprises will be able to apply for financial support from the regional fund of development and implementation of high technology.
Development strategy of the venture market will include pension funds.
The Russian Venture Capital Association (RVCA), in cooperation with the Venture Capital Innovation Fund (VCIF) presented the annual report "Overview of Private Equity and Venture Investment Market" covering 9 months of 2017. According to the report, the aggregate capitalization of private equity and venture investment funds showed an upward trend at the end of the third quarter in 2017 for the first time since 2013, exceeding the $ 21 billion mark.
Financial monitoring
At the IV Annual Forum "Ecosystem of Innovations" held on November 30 and December 1 in Sochi, the experts have summed up on performance of the Russian venture market. The forum was organized by the Russian Venture Company (RVC).
Russian and South Korean businessmen have launched a joint venture to bring the Russian ExoAtlet to the Japanese market, Skolkovo reports.
The Venture Fund InVenture Partners sold its stake in the Busfor start-up to Elbrus Capital and Baring Vostok funds, said Anton Inshutin, Managing Partner of InVenture Partners, Ilya Yekushevsky, Busfor co-founder and representative of Baring Vostok. The partners do not disclose the sums and details of transactions.
The riskiness of venture investments is most clearly demonstrated by "survival" of start-ups. In 2015, the University of Tennessee conducted a study that showed that 44% of start-ups cease to exist within the first three years of their operation.