Press about RVC

RVC launches a venture fund worth of 3 billion roubles

27.12.2017
Source: Skolkovo

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According to «Vedomosti», the Russian Venture Company (RVC) will create a fund worth 3 billion roubles.

The moneys will be used to develop projects of the National Technological Initiative (NTI), which were previously provided with grants.

The RVC Foundation plans to invest in startups working with big data, artificial intelligence, the Internet of Things, neurotechnologies and technologies of virtual and augmented reality.

The fund will receive about 1.5 billion roubles from the federal budget; another 1.5 billion roubles will be raised from private investors by a management company that RVC will have selected by March 2018. In addition to raising investments, the company will have to deposit at least 1% of the fund's capital.

The CEO of Skolkovo Ventures, Vasiliy Belov said that RVC and Skolkovo had already jointly invested in NTI projects. In his view, the new fund is a "logical follow-up" of the strategy to finance the initiative's projects.

The Russian President, Vladimir Putin announced the establishment of NTI in 2014. The program is concerned with projects that use new technologies in car industry, aviation, energy, medicine and others.

Earlier, the NTI provided its grants to STC Group, the developer of voice biometrics (270 million roubles) and the design bureau Aircraft solutions, which develop cargo drones (244 million roubles) and others.



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