On December 1st, 2017 the IV annual Forum "Ecosystem of Innovations" held a meeting of the Russian Venture Capital Market Council where the focus areas for 2018 were defined.
The first priority area as seen by the Venture Market Council will be the removal of barriers which prevent non-public pension funds (NPFs) from entering the venture capital market. Next year it is planned to prepare a package of proposals on how to place NPF funds with minimum risks. For this purpose a working group will be set up comprising representatives of all market incumbents and supervisory bodies, this group will be in charge for compilation of a comprehensive proposal package.
The next focus area for the Russian VC Market Council will be creation of a platform for new legislative initiatives targeted to modify a cost of doing business for technology entrepreneurs and VC funds as well as to eliminate a number of imbalances related to the regulation of their activities. The working group for this area will be established at the beginning of next year.
The Venture Market Council will also continue to analyse the market and research its participants. In addition to such traditional vertical structures as venture funds and angels, it is also planned to include corporations as new active participants in the venture ecosystem.
The Russian Venture Capital Market Council was established in August 2017 by RVC in partnership with the Ministry of Economic Development of Russian Federation is an advisory body that is designed to ensure interaction between the RVC and current and potential venture investors in Russia, improve the quality of programs and initiatives of the development institute and encourage investors to apply best practices of innovative venture business. The main presidium of the Russian Venture Capital Market Council includes ten leaders of the Russian VC funds, companies and investor associations.