24.07.2020
Against the backdrop of the crisis, many funds chose to suspend entry into new assets and focus on supporting the existing portfolio.
Press about RVC
Coronavirus has accelerated the digitalization of banks around the world: what they had to do for several years, they had to accomplish for 3–4 months. Fintech start-ups and neobanks also find themselves in a difficult situation: technology alone is no longer enough to gain customers' and investors' trust.
According to IMF forecasts, the economies of developed countries will slow down by 6.1%, while developing and emerging markets are by 2.2% and 1%, respectively. All these factors can lead to a decline in world GDP by $9 trillion over two years and a decrease in the population's real incomes. Together with experts from the corporate accelerator GenerationS, we figure out how this will affect corporations and their investments in start-ups.
Where do most successful Russian start-ups originate? In the opinion of ordinary people — in Moscow, St. Petersburg, Kazan, Siberia (Novosibirsk and Tomsk — hello there!)... And somewhere at the very end of the list, in small print under an asterisk — the Far East. But it's not all that bad at all. There is technological entrepreneurship in the Far East, which is developing, although it is developing quietly.
Four companies from the PRC are interested in the “smart” robots of the Perm company Promobot, Oleg Kivokurtsev, director of development for the company, told RIA Novosti.
Exits are the primary indicator of the performance of venture funds. Having invested in a company, the fund, after some time (usually 7–10 years), leaves its capital by selling its share. And if the fund manages to make money on the sale of this share, the exit can be considered successful.
The number of transactions for the year reached 776. In 2019, investors spent in Russian start-ups $520 million.
Speaking at the Online Conference “Pandemic 2020: Opportunities and Barriers for the Innovation Sector” on April 13, Director of RVC subsidiaries Mikhail Fedotov urged all participants of the venture industry not to wait for large-scale and long-term financial assistance, but to quickly adapt their forecasts and strategies to the existing negative realities.
The success of the banking business already depends on the ability to introduce new financial technologies. The global crisis has made this task even more relevant.
Venture investment expert Mikhail Fedotov — who will benefit from the coronavirus epidemic.
The state can increase the attractiveness of corporate investments in supporting high-tech venture capital projects by introducing special conditions for calculating income taxes. This was announced to TASS on Monday by the CEO of Russian Venture Company, JSC Alexander Povalko, commenting on the possibility of creating a corporate fund of funds in the country.
The volume of the online education market (EdTech) in Russia is growing by 20–25% per year and, by the end of 2020, can reach 60 billion roubles, says a study by the Interfax Academy.
The manufacturer of mini-projectors Multikubik introduced a cube-shaped VR projector for the Russian market. Sales of devices are about to start on February 18, as the company representative said to Rusbase.
The New Industry Venture Fund has invested 100 million roubles in Russian oil production technologies. The investment was received by the ADL Completion Company, which develops and produces solutions in the field of multi-well and multi-hole well completion.
Monetary funds were provided to project initiators in such areas as industrial safety software, cloud telephony, multimedia, high-tech energy storage systems, and robotics.
Forbes asked venture investors and high-tech entrepreneurs to name the leading technologies that changed the economy in the 2010s and give their forecast for the next decade.
The Infrastructure Fund of the Russian Venture Company (Infrafond RVC) To Leave the Portfolio Company Pulsar Ecosystem (Pulsar Venture Capital). This was reported to Rusbase in the press service of the Infrafond RVC.
Russia's venture capital market continues to come to life, and rumours of an outflow of investors from the country are “greatly exaggerated,” according to the annual venture barometer 2019 study.
Investor Alexei Solovyov published the annual study of the Russian venture capital market “Venture Barometer 2019”. In partnership with RVC, the expert analysed the leading industry events, the interests of investors and learned their opinion about the necessary conditions for market growth. Inc. cites key findings of the work.
In an interview with Kommersant, Alexander Povalko, General Director of Russian Venture Company, talks about new tools for developing end-to-end technologies and competition in the global innovation market.