Press about RVC

RVC can create a venture fund with one of BRICS countries

Source: TASS

The negotiations are underway with the potential partners from Brazil.

JSC Russian Venture Company (RVC) considers the creation possibility of the venture fund with one of BRICS countries. The negotiations are underway with the potential partners from Brazil, reported Alexander Povalko, General Director of RVC, to TASS on Friday at the St. Petersburg International Economic Forum.

“We consider the different variants of new venture fund creation. There is a Brazil partner offer, we are now trying to understand how to pack it. We discuss the formation possibility of the mutual fund for all BRICS countries, he said.

General Director of RVC did not disclose the discussion details with partners and the formation period of such fund.

At the same time, he noted that the working relationship is building up to form a new venture fund with Japanese partners.

“We have a management company interested in developing the relationship with Japan, and they already have Japanese partners. This is one of the largest Japanese holdings, very serious, we met with them several times. Now we think about how our plans are to include in the overall agenda of political and economic cooperation between the countries, ”said Povalko.

RVC JSC is the state fund of funds, the development institute of Russia, one of the key instruments of the state in building a national innovation system. The authorized capital of RVC JSC is more than RUB 30 . 100% of RVC capital belongs to the Russian Federation represented by the Federal Property Management Agency. The total number of funds formed by RVC JSC has reached 27, their total size is RUB 51.3 billion. The share of RVC JSC is RUB 26.8 billion.

The St. Petersburg International Economic Forum will be held on 6-8 June. The forum events are combined by the motto “Forming the agenda of sustainable development”. Roscongress Foundation is an organizer. TASS is an information partner, official photo hosting agency and operator of the SPIEF Presentation Zone supported by EY and the Foreign Investment Advisory Council in Russia.

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