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.
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: email@example.com
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.