The educational program "Corporate Venture Capital Fund Management" developed by the Institute of Innovation Management of the NRU HSE upon order of RVC starts in September 2015. It is aimed at staff of those corporations which intend to deal with venture capital investment in the long view. The course starts on September 17. Documents of prospective participants are admitted until September 14, 2015.
Large corporations which are a significant source of start-up financing have been recently considering establishment of corporate venture capital funds (CVCF) as an opportunity of real-time access to break-through technologies in the market. Yet, few companies dare do this: they are afraid of not only legal complications and difficulties on overcoming of corporate standards, obligations and regulations, but also lack of specialists able to deal with all intricacies both at the stage of fund establishment and during the project portfolio management process.
The pilot program of RVC and HSE is aimed at professional advancement of employees in charge of development of the innovation and investment policy in companies and state corporations. Team studies are involved, i.e. three people from a company with different competencies: a specialist in the sphere of development of the scientific and technical policy, an employee in charge of investment into innovation projects as well as the GR specialist responsible for attracting investment into the CVCF.
All lessons are divided into three modules: organizational and legal issues of CVCF establishment, operational activity of the CVCF, development of interaction with participants of the innovation structure. Lessons will be held both full-time during nine days and part-time by means of distant educational technologies. The total duration of the course will make 228 academic hours. Speakers of the program will include heads and chief specialists of companies and corporations who have already gained experience in establishment and management of the corporate venture capital funds, professional R&D managers of Russian and foreign companies, specialists in the sphere of venture investment development, and professional teachers of the NRU HSE.
Upon completion of the theoretical course participants of the Program will have study placement in Germany where they will be enabled to meet and socialize with foreign experts and representatives of government authorities, plunge into activity of leading corporations, venture capital funds, scientific centers, business incubators, accelerators, and study their best practices.
At the end of the program participants will develop concepts of corporate venture capital funds for their corporations and receive a professional advancement certificate of the NRU HSE.
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. RVC’s authorized capital – RUB 30 011 320 700 (about US$ 445 mln.) – is 100% owned by the Federal Agency for State Property Management (Rosimuschestvo). All in all, RVC has backed 21 funds (including 2 funds in under a foreign jurisdiction) to a total capitalization of RUB 29,1 bln i.e. about US$ 432 mln., its share amounting to RUB 18,5 bln i.e. about US$ 275 mln. As on 2015, RVC backed funds run a portfolio of 176 companies, invested capital totaling more than RUB 17 bln i.e. about US$ 251 mln.