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RVC and the Russian Export Center signs an agreement on cooperation

16.06.2016
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RVC and the Russian Export Center signs an agreement on cooperation

RVC and the Russian Export Center join forces to promote the Russian high-tech products and services to foreign markets.

RVC and the Russian Export Center (REC) signed a cooperation agreement to support the export of Russian high-tech products and services in 2016-2021.

The cooperation between the RVC and the Russian Export Center will be focused on the promotion of Russian high-tech companies, including those engaged in the implementation of projects under the National Technology Initiative (NTI) on the foreign markets and on the creation of tools for communication and information support for domestic promising technologies abroad.

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The main areas of work will be an information partnership, joint participation in conferences, meetings and other activities on the development and support of high-tech products export, organization of training for exporters, consulting support for portfolio companies of funds created with the participation of the RVC capital, as well as for innovative companies from other partnerships pools of the RVC on export issues. In addition, the RVC and the REC will cooperate on improvement of normative legal acts in the field of export development and support, including within the framework of the action plan ("roadmap") ASI "Support for access to foreign markets and export support."

Under the agreement, the RVC will provide the Russian Export Center with information and analytical materials on the international markets: market research, sources of knowledge, experience, best existing practices. Moreover, the RVC will support exporting companies in building business contacts, attracting investments and finding potential partners on the foreign markets.

In its turn, the Russian Export Center will assist the RVC portfolio companies and the member companies of the National Technology Initiative in the international adaptation of export products, advise entrepreneurs on the issues of export procedures, on the search of partners and the protection of intellectual property. Moreover, the Centre within its authority plans to provide financial support for the lending, insurance and the provision of state guarantees.

RVC and the Russian Export Center are also planning to conduct joint activities for the selection and promotion of high-tech companies offering promising technologies for export.

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Cooperation with the Russian Export Center will be another important step for the effective promotion of Russian high-tech companies abroad, sayd the CEO of the Russian Venture Company Igor Agamirzyan. We believe that the implementation of the Agreement will form efficient mechanisms of export of innovation business and provide all the necessary expert and consulting support for Russian entrepreneurs who are striving to work on the foreign markets.

For a group of the Russian Export Center it is fundamentally important to develop a specific support for high-tech exports. A program of Roseximbank is running within the group which is aimed at subsidizing interest rates for companies manufacturing high-tech products, we are engaged in issues of intellectual property protection, adaptation and certification of Russian products on foreign markets. In this sense, the cooperation with the RVC is for us a necessary and logical step since the RVC plays a crucial role in the implementation of technological development strategy of the country aimed at the formation of new global markets. The REC is already actively collaborating with companies receiving support from the RVC. I’m confident that our agreement will not only organize, but also step up this work, and its result will be the emergence of new export projects in the high-tech sector, said the CEO of the REC Petr Fradkov.



Information

The "Russian Export Center" JSC was created as part of the structure of Vnesheconombank as a specialized organization that represents the "single window" for working with exporters in the field of financial and non-financial support measures, including cooperation with relevant ministries and agencies. Establishment of the Centre was approved at the level of the Russian Government, the decision to establish the company was adopted by the Supervisory Board of Vnesheconombank on 13 April, 2015. The center was created in the form of a 100% subsidiary of Vnesheconombank, the state registration of the legal entity occurred on 21 April, 2015. Given the strategic importance of the Centre, a decision was adopted at the level of the Russian Government to assign a legal status to the Centre as a state export support institution in the Federal Law No. 82-FZ "On Bank for Development" dated May 17, 2007. The center is formed as a specialized customer service for exporters with competence in respect of the export activities, including advice on export, assistance in organizing export activities, support of export procedures. The Centre's activities are focused, in particular, on support of exporters requests when working with the relevant ministries and departments, public services. As part of the non-financial support, the Centre is also aimed at coordinating the activities of the Trade missions of the Russian Federation abroad in terms of support of the export projects.

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