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RVC and Sistema Asia to Help Technology Companies Enter Asian Markets

23.04.2020

RVC became a partner of Singapore Investment Company Sistema Asia (a subsidiary of AFK Sistema) in the field of promoting growing Russian high-tech companies in Asian markets and attracting international investors through the Sales Jet Platform program. The agreement was signed by the CEO of RVC Alexander Povalko and the CEO of Sistema Asia Sergey Savchenko.

Sales Jet Platform is a technology transfer program between Russia and the countries of South-East Asia, which helps Russian high-tech companies expand their geographic presence. A joint project of RVC and Sales Jet Platform became a response to a business request for support in entering new markets during the coronavirus pandemic — such a need was identified by a survey of technology companies that RVC conducted at the end of March 2020.

Despite current restrictions, the Sales Jet platform continues to select companies to participate in the program in remote online mode. Interaction with the platform experts will help to prepare a compelling proposal for a specific market in Asia and identify potential partners and investors in the region.

Technology companies from the RVC ecosystem will be able to participate in the program free of charge. Portfolio companies of the RVC funds, companies of the National Technological Initiative, participants of the TechUspekh rating, and the GenerationS accelerator's alumni. For those who passed the preliminary correspondence stage of the selection of companies, the Sistema Asiaexperts will assess the potential demand for technology. They will organize a series of meetings with and presentations for Asian investors and prospective customers. The companies participating in the program, whose project successfully integrate into the local market and find demand from Asian partners, Sistema Asia will offer investments for business development in the region.

Alexander Povalko, CEO of RVC
Singapore is a strategically profitable platform for starting a business in Asia and an excellent springboard for the future global expansion of projects from Russia. Technology companies are now especially actively seeking new markets and investing resources in their business' geographic diversification. In the Asian market, Sistema Asia became an essential partner in implementing the export potential of innovative companies from the RVC ecosystem.
Vsevolod Rozanov, Chairman of the Board of Directors at Sistema Asia, Managing Partner at AFK Sistema
We are pleased to welcome the new Partner of Sales Jet — Russian Venture Company. Sales Jet Platform today is already a full-fledged bridge for promoting Russian information and communication technologies in Singapore and South-East Asia and Singaporean companies in Russia. Cooperation of Sistema Asia with extensive experience in South and South-East Asia, and RVC, the state fund of funds and the Institute for the Development of the Venture Market of Russia together with our other partners — the Skolkovo Foundation, MTS and Enterprise Singapore, will take a new step forward — even more Russian and Singaporean technology companies will be able to get comprehensive support from Sales Jet.

Projects with proven performance indicators in the home market are invited to participate in the program. Among the essential criteria: a product ready for export, the presence of revenue from sales of this product, English-speaking management. To participate in the program, companies must send an application to: international@rvc.ru

Sistema Asia is a Singapore-based company that invests in new fast-growing technologies and promotes technology transfer programs such as the Sales Jet Platform operating in Singapore and South-East Asia, including India. Its member company Sistema Asia Capital has a license from the Monetary Authority of Singapore and manages venture fund Sistema Asia Fund (SAF). It has already invested in 12 start-ups from India and Singapore. Sistema Asia is a 100% subsidiary of AFK Sistema.



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