RVC and Federal State-Funded Institution ‘Russian Technology Agency’ signed a cooperation agreement



RVC and Federal State-Funded Institution ‘Russian Technology Agency’ signed a cooperation agreement

RVC and the Federal State-Funded Institution Russian technology Agency signed an agreement on cooperation within the framework of the National Technological Initiative (NTI).

The parties agreed to coordinate their work in the format of consortiums of a limited number of complex high risk cooperation projects in the most perspective niches of global technology markets such as robotics, automated systems for managing technology processes, smart production media, cyber-physical systems, the Internet of Things (industrial Internet), Big Data, and cloud technologies, additive manufacturing technologies, new materials, electronics, and photonics, industrial biotechnologies, and new agribusiness, engineering software, and reverse engineering. Projects with the perspective of interindustry application will enjoy greater attention.

The strategic objective of this work is to increase the number of Russian systems integrators – ‘the new national champions’ – which produce integrated technological products and services and which are globally competitive.

Within the agreement RVC which is a project office of the National Technological Initiative, will ensure a ‘one-stop-shop’ principle of dealing with initiatives aimed to create project consortiums within NTI work groups.

Federal State-Funded Institution ‘Russian Technology Agency,' a project office of the RF Ministry of Industry and Trade, will generate the requirements and methodology for selection of consortiums, pre-selection of projects, organizational and consulting support of such project consortiums under the auspices of the state programs for industrial development and other tools of the public industrial policy.

About the Russian Venture Company

OJSC RVC is a government fund of funds and a development institute of the Russian Federation, one of Russia's key tools for building its own national innovation system. The authorized capital of OJSC RVC exceeds RUB 30 billion. 100% of the authorized capital of RVC is owned by the Russian Federation duly represented by its Federal Agency for Managing the State Property of the Russian Federation (Rosimushchestvo). The total number of funds formed by OJSC RVC is 21, and their total size is RUB 29.1 billion. The share of OJSC RVC amounts to RUB 18.5 billion. The number of companies that enjoyed funding by RVC has reached 176. The total amount of investment to date is RUB 17 billion. Since 2015, OJSC RVC has been defined as a project office for the implementation of the National Technology Initiative (NTI) – a long-term strategy of the country's technological development aimed at the formation of new global markets by 2035.

About RTA

The Federal State-Funded Institution Russian Technological Agency was established by resolution of the Ministry of Industry and Trade of the Russian Federation on July 7, 2014; it is a subordinate of the RF Ministry of Industry of Trade. The Agency’s mission is to promote adaptation of the Russian industry to the growing global competition considering the shift of the international economy towards the new technological system. The key function of the Agency is to develop tools of public policy of developing industries and coordination of perspective technological projects which are interindustry in essence. This work is conducted in close cooperation with institutes for development, investment funds, as well as international centers of excellence.

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