RVC has become a partner of the XI Kazan Venture Fair, which was held in the capital of the Republic of Tatarstan on April 27, 2016. The event was organized by the Russian Venture Capital Association (RVCA) and the Investment and Venture Fund of the Republic of Tatarstan. The key theme of the fair this year was "Modern technological contours of the landscape — a niche for Russia in global markets."
The opening ceremony of the XI Kazan Venture Fair was attended by the President of the Republic of Tatarstan Rustam Minnikhanov, Aide to the President of Russia Andrei Fursenko, Executive Director of the Russian Venture Capital Association Albina Nikkonen, the CEO of RVC Igor Agamirzyan and others.
Within the framework of the Fair, 55 innovative companies and technology entrepreneurs, which had been selected from a large number of applications, presented their projects to the venture investors and professional public. The most promising startups got the opportunity to undergo the international acceleration program called Pulsar Venture Capital.
The business program of the Kazan Venture Fair included a plenary session, discussions and thematic workshops, where the representatives of governmental authorities, business, investment funds, the scientific community and international experts discussed the topical issues of the venture industry.
In his speech at the plenary session "Modern technological contours of the landscape — a niche for Russia in global markets," the CEO of RVC Igor Agamirzyan spoke about the National Technology Initiative (NTI). According to him, it has now become apparent that the direction selection under the NTI has been made correctly; and today almost any project can be integrated into the NTI.
The question is how all these projects, companies and funds, which take into account this framework, will work in the global market? The answer to this question is not quite clear yet, said the CEO of RVC.
As an example of the importance of goal setting in the field of innovation development of the country, Igor Agamirzyan presented the dynamics of the arms and software market indicators over the past 15 years.
Russia continues to occupy a significant share of the arms market — around 20-30%, meanwhile, in the software market, Russian companies occupy less than 1%. If 15 years ago we had begun to fight for our rightful place in the fast-growing market, what proportion of non-resource exports could we have today? The NTI is really just about it: what should we stake on today, so that in 15-20 years from now we will be able to take a significant share in those markets which are clearly fast-growing at the moment and will become very large some day? he asked.
Within the framework of the XI Kazan Venture Fair, a discussion on new laws for investors and entrepreneurs was held, the moderator of which was the head of the legal department of RVC Natalya Polyakova. The participants discussed a cooperation agreement between the Russian Arbitration Association (RAA) and the Russian Venture Capital Association (RVCA). The document, in the development of which RVC took part, assumes the creation of a special mechanism for the resolution of venture disputes and will create conditions for arbitration proceedings in Russia. The RAA and RVCA also plan to carry out the formation of the list of arbitrators as well as their training. In addition, within the framework of the discussion, an issue of new members' admission to the investment partnership was seriously considered. As it was noted by Natalia Polyakova, RVC has been actively engaged in the work related to establishing investment partnerships. Moreover, on its official website, RVC has posted a model agreement on forming such partnerships and relevant information about the accumulated practice of using the tax benefits of investment partnerships.
Within the framework of the Fair, RVC organized a discussion about the "situation in the private equity market." According to some experts, today, investors are increasingly choosing projects aimed at import substitution, and there is an increase in capital inflows into innovative industrial developments.
If we compare today's Russian capital with its capital of five or seven years ago, it has certainly gotten "wiser". If we compare the current Russian capital with the international one, unfortunately, we will see a huge gap between them which has barely reduced, said Yan Ryazantsev, Director for Strategic Investments at RVC. He also added that the teamwork related problems often prevent Russian companies from development. Similar problems also occur in the investment community. People do not like to co-invest and are afraid to do so. Some funds are deliberately and categorically against such investments since co-investors are often seen as unnecessary people that they have to negotiate with, he noted.