The winners of "Venture Capitalist – 2014" National Award was announced at the awards ceremony held on October 14, 2014 as part of Moscow International Forum "Open Innovations".
"Venture Capitalist" National Award was established by Russian Venture Capital Association (RVCA) and RVC in 2014 and is awarded to the leaders of Russian venture industry – funds that show the high class and culture of investment activities, establish professional standards of business practices and identify key trends in the development of domestic venture industry.
The selection of candidates for the Award was held in two stages. During the first stage the funds with the best performance indicators in terms of number and volume of the transactions and outputs were selected from more than 200 venture capital funds that are actively operating in Russia.
Then, an expert jury composed of Andrey Fursenko, Assistant to the President of the Russian Federation, Igor Agamirzyan, RVC General Director, Alexander Galitsky, Managing Partner of AlmazCapitalPartners, Viktor Vekselberg, Skolkovo Fund President and Co-Chairman of the Board, Kirill Dmitriev, General Director of Russian Private Equity Fund, Natalya Plugar, Director of VTB Capital Asset Management and others, determined the nominees during a live discussion and a secret ballot.
This year the Award nominees included Almaz Capital Partners, BVPEF, BVPEF III, BVPEF IV, Frontier Ventures, Guard Capital, I2BF Global Ventures, InVenture Partners, Runa Capital, Russia Partners, Softline Venture Partners, VEB Innovation, "Bioprocess Capital Ventures", "Finam, Investment and Venture Fund of the Republic of Tatarstan and "Yakutia Venture Company".
The Award winners announced on October 14 at the solemn ceremony of "Open Innovations" Forum are:
"Best Venture Transaction" – I2BF Global Ventures.
"Best output" - Baring Vostok Group funds (BVPEF, BVPEF III, BVPEF IV).
"Best Venture Investor in Real Technology" - Bioprocess Capital Ventures.
"Best Regional Venture Fund" – Investment and Venture Fund of the Republic of Tatarstan.
"Best Syndicated Venture Transaction" – Frontier Ventures.
"Smartmoney" – Russia Partners.
"We expect that in the near future there will appear and grow a pool of qualified investors having knowledge and understanding of the market nuances and skills to calculate the risks and to take them. "Venture Capitalist" National Award was established to determine the leaders whose experience and expertise will become benchmarks for operating and new players," – said Igor Agamirzyan, RVC General Director.
"The Award will be annual and we plan to hold the awards ceremony as part of "Open Innovations". We hope that the Award will become the most distinguished event to determine the leaders of the Russian venture capital market. Thoroughness and impartiality of the first nominees selection, as well as the level of expertise of the Expert Jury members – leaders and founders of the largest Russian Institutes for development, venture capital funds, government top officials, mainly governing the innovation and investment climate in the country as a whole, will allow the "Venture Capitalist" National Award to become a kind of a "quality label", defining standards of work on the venture capital market", – said Albina Nikkonen, RVCA Executive Director.