The Fund of advanced industrial technology funds will be launched in February. Its main task will be to provide venture financing for innovative projects. The agreement on participation in the Fund was signed by eight large Russian companies.
Press about RVC
Two Russian funds — the Russian Direct Investment Fund (RDIF) and the Far Eastern High Technology Fund (FEHTF) — invested 300 million rubles in a Russian company that develops high-tech prosthetic hands and rehabilitation systems “Motorica”.
The NTI Venture Fund will invest 180 million rubles in the project of a medical diagnostics platform based on artificial intelligence (AI) technology “Celsus”, according to the Russian Venture Company (RVC).
A lot of work needs to be done to transform cutting-edge scientific research into technologies ready for implementation. Scientists themselves are not always capable of this, if only because they do not know many features of production or business processes. And engineers in companies that are precisely engaged in adapting technologies to reality may not be aware of scientific developments' intricacies. It's a good idea to join forces. This was done in Russia.
Artur Isaev, the founder of the Human Stem Cells Institute (HSCI), bought out a 17.79% share of Russian Venture Company's (RVC's) biofund in the HSCI portfolio company, the Genetico laboratory network. The details of the transaction were not disclosed; it is known, however, that the biofund has invested about 180 million roubles since 2014, and the transaction was profitable for RVC, the Company said.
The value of the current portfolio of Russian Venture Company (RVC) funds has grown by 50% since 2017 and amounted to 14.2 billion roubles, the company said.
The Russian company Promobot, which is the largest manufacturer of service robots in Europe, signed a memorandum of promising cooperation and interaction with Beijing Huanuo Exiang (REX) Trading Co LTD (Russian trading company in China) (RTK) on November 23. In 2021, this cooperation should bring contracts for $500 thousand, the statement of RTK says (Izvestia has it).
The prototype will be tested next year, the press service of Russian Venture Company told TASS on Wednesday.
The coronavirus pandemic and Russians' self-isolation will lead to a decrease in the volume of investments in the Russian venture capital market for the current year within 40%, while among the victims will be early-stage projects, according to market experts interviewed by RIA Novosti.
Eleven Russian teams take part in the competition for the development of an artificial intelligence system to identify semantic, logical, and factual errors in texts, including in real essays by schoolchildren, written earlier in the exam, according to the announcement of the organizer of the competition — Russian Venture Company (RVC).
Russian Venture Company (RVC) and the Chinese corporation DeepBlue Technology will be engaged in the development of technological projects in the field of smart cities and Industry 4.0 (artificial intelligence and robotization, the Internet of Things, 3D printing, virtual and augmented reality, bio- and neurotechnologies), RVC said in a statement.
An artificial intelligence (AI) system capable of analyzing natural speech and surpassing a person in this may appear in Russia by the end of 2021, Mikhail Antonov, the deputy general director of RVC for innovation infrastructure, told RIA Novosti.
“Smart” bracelets, capable of reading in real-time data on the state of hormones, sugar, and cholesterol levels in the human body, will appear in the future in Russia, said Mikhail Antonov, RVC Deputy General Director for Innovative Infrastructure, in an interview with RIA Novosti.
Russian Venture Company (RVC) tripled the number of deal approvals against the pandemic's backdrop, Alexei Basov, Deputy General Director, Investment Director of RVC, told RIA Novosti.
The crisis caused by the Covid-19 pandemic has significantly affected private business. Recent research by the UN and the World Bank has shown that women entrepreneurs have been hit harder than men by the crisis: 64% vs. 52%.
Within the framework of the Up Great PRO // READING technology competition, impressive nominations “Grammar” and “Grammar.Eng” have been opened, the winning teams of which will share a prize fund of 20 million roubles, the press service of the Russian Venture Company reports.
The Fund for Support of the National Technological Initiative (NTI), created by Russian Venture Company (RVC), will allocate 600 million roubles for the development of NTI start-ups, according to the message of the Ministry of Economic Development of the Russian Federation.
Experts from the Russian Venture Company (RVC) have developed a draft of the first national standard governing clinical trials of medical artificial intelligence systems in the Russian Federation, the company said.
In the spring of 2020, the entire world found itself in a zone of turbulence, faced with a pandemic. Events developed very quickly: borders were closed, the everyday life of cities stopped.
Against the backdrop of the crisis, many funds chose to suspend entry into new assets and focus on supporting the existing portfolio.