GIP organizers / RUSSIAN VENTURE COMPANY
RUSSIAN VENTURE COMPANY
RVC (Russian Venture Company) is a government fund of funds and a development institute of the Russian Federation.
RVC is one of Russia’s key tools in building its own national innovation system.
RVC invests capital through VC funds that it creates in partnership with private investors. 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 institution.
All in all, RVC has backed 12 funds (including 2 funds in under a foreign jurisdiction) to a total capitalization of RUR 25 billion (about US$ 860 mln.), its share amounting to RUB 15 billion (about US$ 520 mln.)
As of late April 2011, RVC backed funds run a portfolio of 63 companies, invested capital totaling about RUR 7 blllion (about US$ 241 mln.)
RVC has signed 18 cooperation agreements with different Russian regions.
RVC’s authorized capital is 100% owned by the Federal Agency for State Property Management (Rosimuschestvo).
In the years to come, RVC is expected to play a pivotal role in the cause of developing Russian VC industry.
For more information, please visit www.rusventure.ru.