F.A.Q.

 


RVC (OJSC) Profile

Russian Venture Company (OJSC) is a government fund of funds and a development institute of the Russian Federation, one of Russia's key tools in building its own national innovation system.

What is the mission of RVC?

Its mission is to encourage Russia’s own VC industry and boost capital of VC funds. RVC’s role is that of a government fund of venture capital funds channeling public incentives to venture capital and financial support to the hi-tech sector, and of a Russian VC industry development institute.

RVC’s authorized capital is …?

RVC’s authorized capital — RUB 30 011 320 700 (about US$ 983.2 mln) — is 100% owned by the Federal Agency for State Property Management (Rosimuschestvo).

Who are the members of Board of Directors of RVC (OJSC)?

The Board is composed of seven directors, including:

  • Igor Agamirzian — CEO of RVC;
  • Ruben Vardanian — Chairman of the Board of Directors, Troika Dialog (independent director);
  • Sergey Guriev — Rector of Russian Economic School;
  • Yigal Erlich — founder and Managing Partner of Yozma Group;
  • Ivan Oskolkov — Director of Department, Ministry of Economic Development of Russia;
  • Aleksey Sitnikov — Head of Department of International Cooperation, Foundation for Development of the Center of Research and Commercializing of New Technologies (Skolkovo Foundation);
  • Yury Udaltsov — Director for Innovative Development, Member of the Board of Directors RUSNANO.


Who are the members of management board of RVC?

  • Igor Agamirzian — CEO of RVC;
  • Andrey Vvedensky — Director of Programs and Projects Department;
  • Nikolay Korolev — Chief Operating Officer;
  • Evgeny Kuznetsov — Director of Development and Communications Department;
  • Jan Ryazantsev — Director of Department of Investments and Expertise.


How many RVC backed funds have been established?

With share of RVC 12 funds were established, 10 of them in Russian jurisdiction:

  1. VTB Venture Fund
  2. Bioprocess Capital Ventures
  3. Maxwell Biotech Venture Fund
  4. Leader Innovations
  5. Tamir Fishman CiG Russian Fund
  6. S-Group Ventures
  7. New Technologies
  8. Russian Venture Company Seed Fund
  9. RVC Infrastructure Investment Fund
  10. RVC Biopharmaceutical Investment Fund


Funds under international jurisdiction:

RUSSIAN VENTURE CAPITAL I LP
RUSSIAN VENTURE CAPITAL II LP

All in all, RVC has backed 12 funds to a total capitalization of RUB 26.1 bln i.e. about US$ 855 mln, its share amounting to RUB 16 bln i.e. about US$ 524 mln.

How many companies have been invested by RVC?

As on December 2011, RVC backed funds run a portfolio of 101 companies, invested capital totaling RUB  9.1 bln i.e. about US$ 298 mln.

What is RVC policy in Russian regions?

RVC has signed 26 cooperation agreements with different Russian regions, in plans — cooperation agreements covering 30% of Russian regions.

What is RVC international policy?

About venture partners of RVC Seed Fund

In order to generate a deal flow and extend professional support to Seed Fund portfolio companies, we are building a System of Venture Partners, who search for innovative projects, prepare them for presentation to Investment committee, lend post-investment project support (render professional support to portfolio companies) and interact with venture professionals.
The System of Seed Fund Venture Partners is formed through a registration procedure, which is based on publicity, availability, voluntarism and self-sustainability principles.

How long does it take to become RVC Seed Fund Venture Partner?

All venture partner registration procedure takes on average 1 month.

Learn more about RVC Venture Partners: ссылка
Register of RVC Venture Partners: ссылка

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