About 1,000 venture market players passed RPCS training intensives over six months



About 1,000 venture market players passed RPCS training intensives over six months

RVC has summed up the regional practical consulting sessions (RPCS) for the first six months of 2015. The free educational intensives were attended by about 1,000 people. More than 200 regional technology projects received expert advice.

Since the beginning of the year, with the support of twenty five regional partners, the sessions have been held in ten Russian cities – Arkhangelsk, Vladikavkaz, Voronezh, Yekaterinburg, Kemerovo, Naberezhnye Chelny, Omsk, Perm, Rostov-on-Don, Tyumen, and for the first time abroad – in Kazakhstan, Belarus, and Armenia. In the first half of 2015, RPCS Operators were Moscow Technological Institute and LOGA Group.

A distinctive feature of the sessions held in 2015 was provision of promising projects with opportunities to participate in the major federal accelerator for technology startups – GenerationS. More than 100m regional projects – participants in RPCS – have qualified for the first stage of GenerationS skipping the initial selection stage.

Since 2008, RVC in joint effort with its partners has held more than 130 regional practical consulting sessions. About 9,000 people have gained knowledge and practical skills. "Today RPCS is the major federal mass training program for startups, helping talented developers, authors of innovative projects, and entrepreneurs to get free access to the information necessary for development and commercialization of their projects, and helping investors from big cities to find the most promising businesses for investment," said Gulnara Bikkulova, Director of Innovation Market Department and Member of the Board of RVC.

The training intensives involved experienced business coaches, business angels, private investors, lecturers of technological universities, the best Russian practitioners in the field of intellectual property right, marketing consultants, representatives of development institutions, Russian and international funds, and business incubators. They included the following people: Alexandr Loktionov, CEO of LOGA Group, operator of GenerationS SmartCity track, co-founder of Seed Forum, an international investment forum in Russia;Nikolay Zaychenko, Chairman of Alexandr Nevsky Law Society – a law firm specialized in intellectual property and legal support to innovative startups; Dmitry Kovalenko, Director of Development of Granat SK Venture Partnership, partner of the Innovation Park of SEC IRIT at Bauman MSTU; Gayk Asriyan, co-founder of the Technology Commercialization Assistance Project of the Intellectual Property Rights Center Foundation; Valentina Slavina, President of the Business Angels of the Urals (BAUR) association, and others.

"The RPCS program is switching the mentality of a researcher to the mentality of an innovative entrepreneur. It makes it possible to attract investments and find a strategic customer for a R&D project in the more efficient way," said Alexandr Loktionov, CEO, LOGA Group. "Throughout the program development history, both the age group of technology entrepreneurs and the level of development of their projects have been increasing. In particular, the average age of the founders of companies in RPCS 2015 was between 30 and 35 years."

RPCS sessions are held in various countries under the same scenario. The first of three days is devoted to lectures, workshops, and master-classes. Professors, venture capital specialists, business trainers, and foreign experts make presentations to the audience. On the second and third days, entrepreneurs are preparing investment presentations and working on approaches to creation of business value and protection of intellectual property. As they progress, investors watch the companies' case analysis, and the latter receive feedback from investors and experts in turn.

Individual consultations are an essential part of the sessions. Young entrepreneurs present their projects to experts and potential investors, discus the advantages and disadvantages of their developments, and get "live" feedback. Many participants find this practical part of the event the most valuable.

The RPCS sessions in Yekaterinburg, which took place in the framework of the Factor program by the Business Angels of the Urals association, were attended by the "Time for Change" project (a motivational IT service that helps people to achieve their goals, using game mechanics and step-by-step guidelines by experts). When taking part in RPCS, Anastasiya Shamaeva, CEO of the company, has efficiently refined the presentation and held consultations with mentors. The successful presentation to Konstantin Fokin, President of the National Association of Business Angels (NABA), has led to agreements on the deal.

Anastasiya Shamaeva, Founder&СЕО, "Time for Change," participant in the RPCS program, said "I'd like to advise startupers to attend such events more often to interact with mentors and establish new ties. We were told everything about dealing with investors – making a presentation, investors' mindset, criteria for decision-making, transaction structuring and a set of necessary documents for this. Unlike other training programs, the material was complete and each topic was explained in real and clear examples. The most important thing is that it was not just a theory. We were making adjustments to our projects and receiving feedback real-time."

The training program also has a distance course. The distance training system of Moscow Technological Institute includes listening to lectures, discussions with experts, and solving business cases. following on-line training, the graduates who have successfully passed the tests in the distance training system get a certificate of further training. In the first six months of 2015, the distance training was provided to more than 500 people.

Promising projects, that have passed the RPCS intensives, will be given an opportunity to take part in Seed Forum, the international investment forum at the Moscow Stock Exchange in November 2015, and find their investors. Seed Forum is the world's largest organization with more than 35,000 investors in 40 countries.

By the end of 2015, regional practical consulting sessions will have been held in ten more Russian cities.

About RVC

RVC OJSC is a state fund of funds, development institution of the Russian Federation, and one of the key tools of the state in creating national innovation system. The authorized capital of RVC is more than RUB 30 bn. RVC's capital is owned in full by the Russian Federation represented by the Federal Agency for State Property Management of the Russian Federation (Rosimushestvo). The total number of funds formed by RVC has reached 21 with the aggregate size of RUB 32.2 bn. The share of RVC is RUB 19.55 bn. The total number of innovative companies in the aggregate portfolio of funds formed with the participation of the RVC's capital is 175. The total volume of funds invested in project companies by RVC-funded funds is RUB 16.2 bn.

About MTI

Moscow Technological Institute is the leader in distance training in Russia and the CIS countries. In its activities, the Institute combines fundamental traditions of Russian academic education and the latest achievements in the field of new educational technologies. MTI provides unlimited opportunities for development - higher education, continuing education for the master's degree, the second degree, continuous professional development, BBA, and MBA. The latest advances in the field of educational technology make the learning process more efficient and convenient, as well as minimize the associated money and time costs. MIT lecturers are experts in their fields developing and using the most advanced technologies and teaching methods. They have experience in what they teach. Graduates of the Institute receive actual knowledge that they can immediately put into practice successfully.

About LOGA Group

As a venture partner, LOGA Group is providing services in holding acceleration programs, innovative market research, and preparation of high-tech projects to an investment transaction. Since 2010, it is a co-founder of Seed Forum, an international investment forum, and General Partner of the Seed Forum International Foundation in Russia. LOGA Group & Seed Forum International Foundation has a wide network of international offices. They are working with the corporate customers and partners, such as the State Agency for Promotion of Entrepreneurship in Singapore and the European Bank for Reconstruction and Development. In general, the annual interaction involves 3,500 investors and entrepreneurs in 50 countries. In 2014, with the support of the Russian Technical Society, there were allocated funds for target financing of businesses of three finalists of GenerationS federal competition. In 2015, LOGA Group continues partnership with the Russian Technical Society RPO for project examination and financing within the Smart City corporate strategy of Morton Group. It is also the operator of the GenerationS Smart City track. In 2014, in general partnership with Russian Venture Company OJSC, 1,500 Russian entrepreneurs took part in the specialized educational and expert programs by LOGA Group.

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