Government fund of funds
Development institute of the Russian Federation

Press about RVC

Russian Venture Company and Japanese Mizuho to Create an Investment Fund

05.09.2019
Source: TASS

According to the General Director of RVC Alexander Povalko, the Russian-Japanese fund will be engaged in the development of high-tech projects.

The Russian Venture Company (RVC) and the Japanese corporation Mizuho plan to create an investment fund in 2020 to develop projects in the field of modern medicine, said RVC General Director Alexander Povalko on the sidelines of the Eastern Economic Forum (WEF) on Thursday.

"We, with the broadest and most active participation of the Ministry of Economic Development, held talks with Mizuho Corporation and confirmed our plans to create a joint fund. Now we are looking for partners — investors for this fund, since we with Japanese partners do not see our shares in the fund more than 25–30%. We plan to create a fund in 2020," he said.

According to him, the Russian-Japanese fund will be engaged in the development of high-tech projects.

“We are discussing projects in the field of modern medicine, for example, the supply of a so-called digital clinic, that is, a centralized, digital process control system in a modern medical hospital,” said Povalko.

About the Forum

The 5th Eastern Economic Forum takes place in Vladivostok on September 4–6. Its organizer is the Roscongress Foundation. TASS is the general information partner, official photo hosting agency, and moderator of the Far East Presentation Zone for Innovative Opportunities.



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