The Sales Jet business development platform, created by Sistema Asia Capital, is an investment company that helps Russian growing companies expand their geography and establish sales in the Asian region.
The service allows innovative Russian enterprises that have reached an annual income of more than $1 million to receive from a professional team of business consultants an assessment of the demand for the company's products or services in Southeast Asia, advice on intellectual property protection and trademark adaptation for Asian markets, as well access to a network of partners for registration and business services, staff recruiting, legal advice.
Projects with proven performance indicators in the domestic market are invited to participate. Among the essential criteria: ready for the export product, the presence of revenue from sales of this product, and English-speaking management. Participation in the program for Russian companies is free of charge because Sistema Asia is allowed to act as a non-exclusive distribution agent in the Asian region.
Successful projects that will be using the Platform services to enter the Asian market will be able to attract additional investment in Series A and higher rounds from Sistema Asia funds.
The platform is supported by the government agency — Enterprise Singapore, which provides innovative solutions for public administration and infrastructure, as well as preferential conditions for the development of start-ups in Singapore. For the time of participation in the program events, Russian companies are provided with a free co-working office.
Find out more about the selection criteria and conditions of participation on the Digital RVC portal. You can ask a question at email@example.com
RVC is a governmental fund of funds, the Institute of Development of the Russian Federation. The main objectives of RVC to stimulate the creation of Russia's own venture capital industry and execute functions of the Project Office of the National Technology Initiative (NTI). The authorized capital of RVC is more than 30 billion roubles. One hundred percent of the RVC capital belongs to the Russian Federation represented by the Federal Agency for Management of State Property of the Russian Federation (Federal Property Management Agency). The total number of funds formed by RVC has reached 29; their overall size is 64.4 billion rubles. The share of RVC is 38 billion rubles. Funds with capital participation of RVC JSC invested more than 290 portfolio companies for a total amount of 23 billion rubles.
Sistema Asia is a Singapore-based company that invests in new fast-growing technologies. It promotes technology transfer programs, such as the Sales Jet platform, operating in Singapore and Southeast Asia, including India. Its member company, Sistema Asia Capital, is licensed by the Monetary Authority of Singapore and manages the 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.
AFK Sistema PJSC is a Russian public diversified holding company serving about 150 million consumers in industries such as telecommunications, high technology, banking, retail, timber processing, agriculture, real estate, tourism, and medical services. The company was founded in 1993. The total revenue in 2019 reached 656.9 billion rubles, total assets as of December 31, 2019, amounted to 1.3 trillion rubles. AFK Sistema's global depositary receipts are traded under the "SSA" ticker on the London Stock Exchange. Ordinary shares of the company are admitted to trading under the ticker symbol “AFKS” on the Moscow Exchange.