Ministry of Economic Development of the Russian Federation and RVC create the venture fund.


The main parameters of action organization and venture fund finance for supporting the promising educational technologies of digital economy had been agreed by the Ministry of Economic Development of the Russian Federation and RVC. The document had been signed by Illya Torosov, First Deputy Minister of Economic Development of the Russian Federation, and Alexandr Povalko, General Director of RVC, within the XXIII St. Petersburg International Economic Forum.

The fund is created in implementation of the federal project “Personnel for the Digital Economy” of the RF Government national program “Digital Economy of the Russian Federation” in order to develop the promising educational technologies with the use of the best world's technological solutions to increase the education efficiency and accessibility. Within the fund’s activities, the development of Russian technology companies in the area of education with their subsequent expansion abroad, as well as transfer of world educational technologies to Russia is planned.

The total amount of the fund will be RUB 7 billion due to the provision of the budget investments from the federal budget in 2019-2021 to RVC with an increase in the equivalent of the RF participation in the authorized capital of RVC.

The fund duration will be 10 years with the option of twice renewal of one year. The fund will be organized in the form of an investment partnership, and the fund’s managing partner will be determined as a result of an open selection procedure.

Within the fund’s activities, it is planned to organize acceleration activities, which will allow to expand the funnel of potentially successful projects and stimulate the development of new technological solutions.

Illya Torosov, First Deputy Minister of Economic Development of the Russian Federation
The Ministry of Economic Development and Trade of the Russian Federation together with RVC is currently preparing to conduct an open competitive selection of a managing partner of the venture fund. First of all, the key selection criteria will be the team professionalism and successful experience in the area of the investment activities. Our goal is to provide the favorable investment conditions in the area of the educational technologies, including if we are talking about the budget investments.
Alexandr Povalko, General Director of RVC
The educational technology market is one of the fast developing markets. The increase of efficiency and launch speed of new technologies in this area reflects the global struggle for talents. In this case the decentralized system based on work with competing companies and structures can be effective.

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