On August 28, the first meeting of the expert council at RVC to prepare the Strategy for the Development of the Venture and Direct Investment Market until 2030 was held in Moscow The meeting was attended by representatives of venture funds, corporations, large innovative and technology companies.
The RVC Expert Council was created to form consolidated proposals of participants in the venture capital industry, which will form the basis for the development of a venture capital market strategy. The document should define measures for the long-term growth of the national venture capital market as a source of resources for technology renewal of the Russian economy and create a basis for developing local investment strategies of participants in the venture capital industry.
During the meeting of the expert council, the participants presented their ideas and proposals on critical areas that need to be taken into account when developing a strategy. The experts discussed the objectives of the policy, formats for supporting the venture capital market and direct investment from the state, the impact of legislative restrictions on the development of the venture capital industry as well as other topics.
The development of the strategy is envisaged by the plan of measures to stimulate the innovative development of Russia, approved by the decree of the Russian Government in August 2017. On behalf of the Ministry of Economic Development of Russia, the development of the document is overseen by RVC. Currently, in addition to the expert council, a working group for the preparation of a strategy has been formed, consisting of development institutions, federal authorities, and independent experts. Both of these tools are an essential element in consolidating proposals from all interested parties.
The final version of the strategy will be presented to the Ministry of Economic Development of Russia until the end of 2018, and then approved by order of the Government of the Russian Federation.