MOSCOW, April 2. /TASS/. Kama Flow investment company has won the competitive tender for management of the National Technology Initiative (NTI) fund, as reported to TASS by Russian Venture Company (RVC), which was the organizer of the tender.
NTI Fund will develop technologies related to storage and analysis of big data, artificial intelligence, blockchain, quantum technology, virtual and augmented reality and other directions.
Aleksandr Povalko, RVC CEO, has previously reported to TASS that three companies participated in the competitive tender. Legal documents will be executed with the winner by the end of May 2018.
The fund will be created as the investment partnership for the term of 10 years, investment period will be five years. Its size and amount of co-investor investments made directly to the capital of the portfolio companies shall be not less than 3 billion roubles in total, 1.5 billion of which are NTI subsidy funds.