Russian Venture Company (RVC) and the Association of Innovative Regions of Russia (AIRR) in partnership with the auditing and consultancy network PwC have started to prepare the annual national rating of Russian high-growth companies TechUspekh 2014.
The purpose of the rating is to identify the best Russian small and medium-sized businesses focused on development of innovative technologies and showing high growth potential in domestic and global markets. TechUspekh rating is today a kind of an indicator of the development level of the innovative segment of the economy, tool for creating a favourable environment for further growth, improving market transparency, as well as identifying and disseminating the best practices of doing business.
The first TechUspekh rating was held by RVC in partnership with AIRR in 2012. In 2013, the number of the project partners was joined by PwC network, which, based on its international experience, has developed an improved methodology for the rating assessment.
The highest rated participants get a wide range of opportunities to promote their products and expand markets, increase their investment attractiveness, get access to tools for popularising their "success stories" to the general public. Such tools include the participation in the television series "Technopark" on channel Russia 24 and publications on leading media platforms. CEOs of the top rated companies engage in a dialogue with representatives of the state authorities to discuss key industry issues and make proposals for their solution. In 2014, there will be launched a professional club for participating companies - a platform for extending potential in terms of communications, improving top management competencies, and organization of an inter-sectoral dialogue. The Rating Awards Event will take place at the Moscow Forum "Open Innovation" in October this year.
Any companies that meet the following eligibility criteria are invited to participate in the rating TechUspekh 2014:
• Revenue for 2013 is from 100 million RUR to 10 billion RUR;
• Average annual revenue growth of at least 15% (CAGR) for the period 2011 to 2013;
• Company is funding R&D and technological innovation;
• Over the last 3 years (2011-2013), the company introduced to the Russian market at least one new or significantly improved product/service developed based on their own or acquired R&D results;
• Minimal age of the company is 4 years.
Participation in the rating is free. The companies to form the TOP 100 ranking will be selected in two stages. At the first stage each company will have to fill in a questionnaire to determine whether it meets the primary eligibility criteria. At the second stage, the companies meeting the eligibility criteria will be invited to answer additional questions to assess their innovation activities:
• Expenses for acquiring information technology;
• Average annual value of intellectual property;
• Proportion of staff having academic degrees;
• Average annual value of intangible assets;
• Description of new products;
• List of intellectual property items;
• Investment activities of the company.
The rating organizers will provide confidentiality of the data provided and their use only to form the rating and calculate the generalizing characteristics of the participants.
Results of the TechUspekh 2014 rating will be announced and published in October 2014.
To participate in the rating, please submit an application by e-mail firstname.lastname@example.org, or contact the organizers by phone +7 (495) 231-35-79. Applications will be accepted until July 30, 2014.
See www.ratingtechup.ru for further information on the rating.
Association of Innovative Regions of Russia (AIRR) is an inter-regional platform for implementation of key objectives of the national innovative development. The Association promotes efficient regional development based on recognition of various existing models of scientific and technical growth in the regions. Interaction with federal and regional governmental authorities and members of parliament allows it to be the driver of the Russian economical growth. Currently 13 regions participate in the Association, each with its own innovative development model. Thanks to that it becomes possible to compare various approaches and to develop the most efficient practices to support scientific and technical sector. Regions-participants of AIRR take part in the formation of intellectual content of the agenda having its purpose in the development of innovation at the national level.
PwC in Russia (www.pwc.ru) offers audit and business consulting services, as well as tax and legal services to the companies in a wide range of industries. Up to 2,600 experts work in PwC offices in Moscow, Saint Petersburg, Yekaterinburg, Kazan, Novosibirsk, Rostov-on-Don, Krasnodar, Voronezh, Yuzhno-Sakhalinsk, and Vladikavkaz. We use our knowledge, in-depth experience, and creative approach to develop applied advice and solutions opening new business opportunities. PwC means PwC network and/or one or several firms included into this network, each of them acting as a separate legal entity. PwC global network includes more than 184,000 employees in 157 countries. See www.pwc.ru/ru/about/structure.jhtml for detailed information.
The Open Joint-Stock Company RVC is the state fund of funds, the development institution of the Russian Federation, one of the key tools of the state in building the national innovation system. The registered capital of the Open Joint-Stock Company RVC amounts to more than 30 billion rubles. Hundred percent of capital of RVC is held by the Russian Federation represented by the Federal Property Management Agency (Rosimushchestvo). The total number of funds formed by the Open Joint-Stock Company RVC has amounted to 13, their total size is 25.3 billion rubles. The share of the Open Joint-Stock Company RVC is more than 15.7 billion rubles. The number of innovation campaigns financed by RVC funds amounted to 146. Total amount of invested resources is 13.4 billion rubles.
For more information, please contact the public relations department of the Open Joint-Stock Company RVC: phone: (495) 777-0104, e-mail: email@example.com