1. Moscow innovation ecosystem and state
support of venture capital market
Alexey Komissarov
Head, Department of Science, Industrial Policy and Entrepreneurship of the City of Moscow

2. CURRENT ECONOMIC SITUATION IN MOSCOW
Territory of «old» Moscow Moscow budget as of 2012:
1090 sq. km
revenues 1 460 RUR bln
Permanent population (~ $50 bln)
11,5 mln. people costs 1 710 RUR bln
(~ $57 bln)
Daily population is about
15 mln. people.
Moscow GRP as of 2011
9 RUR trln ($300 bln)
Territory of «new» Moscow - ~ 19% Russia GDP
with inclusion of 1600 sq. km
is about 2700 sq. km
For comparison:
Population of annexable New York budget $66 bln
territory is 250 th. people New York GRP $1,2 trln
or 2% current Moscow - ~ 8% USA GDP
population

3. MOSCOW INNOVATION POTENTIAL
Moscow potential
 268 higher education institutions
Zelenograd MIPT  50.4 th people academic staff
 97 engineering bureaus
TMZ  241.2 th people involved in R&D
Technopark MAI
Strogino
Kurchatov Weaknesses
Institute
 97th ranking of 100 cities due to the level of
RVK innovation system competitiveness
MPEI
 Reduction of scientific institutions and people
MISiS MSTU
ZiL TIR
involved in scientific activities
MSU Moskvich
Skolkovo  Low level of R&D results commercialization and
Technopark
Slava investors activity on seed stage
MIFI
Strengths
Troitsk
 4th ranking among largest cities due to number of
graduates and universities
 Largest market of high-tech products in Russia
 Developed and attractive social infrastructure

4. REGIONAL INNOVATION ECOSYSTEM
1
Territory of
innovation
6 development
26 Centers of
Fablabs technology
transfer
19
technoparks
11 10
Business- Development
incubators agencies
20
VC funds

5. MOSCOW INNOVATION INFRASTRUCTURE
Special economic zone
Zelenograd
Business incubator
Zelenograd
Territory of innovation development
Technopark Moskvich
Strogino
Technopark
Slava

6. SPECIAL ECONOMIC ZONE “ZELENOGRAD”
SEZ Zelenograd specializes in:
• microelectronics
• energy-saving technologies
• biotechnologies
• information and communication technologies
• other kinds of high-tech research and production business
Investments:
$ 4,00 bln. Declared private investments
$ 573 mln. Federal Government investment
$ 156 mln. Moscow investments into SEZ
$ 417 mln. Moscow investment into Zelenograd
Investors in 2012 Q1:
36 companies

7. MOSCOW CENTER FOR INNOVATION DEVELOPMENT –
KEY INITIATIVE IN 2012
GOALS Increase of Growth of Increase of Promotion of
number of people innovation products innovation Moscow as a
involved in share in regional infrastructure leading
innovation activity gross product efficiency innovation center
FOCUS INDIVIDUAL COMPANY INFRASTRUCTURE CITY
Center principles are aligned with
“Strategy of Russian Federation innovation development till 2020”
State primarily fixes “market failures”
Priorities of innovation development are defined in cooperation with business and science
Distribution of budget funds and result evaluation are maximally transparent
Efficiency and effectiveness are evaluated according to international standards

8. TOOLS PORTFOLIO OF THE CENTER
Information sharing and matching
Innovation portal One-stop shop for Organization of joint
services in innovation field programs with
development institutes
Development of human capital
Educational programs Organization of internships Popularization of
in innovation field abroad innovation activity
Support of innovation companies
Co-financing of projects on Co-financing of costs Services for innovation
seed stage for IPO on IIM MICEX business development
Development of innovation infrastructure
Development of subordinate Co-financing of innovation
business incubators and infrastructure projects
technoparks
Development of Moscow as innovation city
Support in realization of city Competitions in ideas Regional and international
procurement of innovation for innovation promotion of Moscow
products development in Moscow

9. GOALS OF GOVERNMENT IN STIMULATING THE VENTURE
CAPITAL MARKET
Accelerate a process of VC and business
angels emergence
Foster active domestic VC market
Create conditions for cross-border
investments

10. GOVERNMENT SUPPORT OF BUSINESS ANGELS AND VC
Implement public-private co-investment schemes
Subsidy pre-finance appraisals and evaluations/
due-diligence
Link policy to Market of Innovations and Investments of
MICEX and IPOboard
Develop institute of ombudsman
Create customs point for innovation products
Cooperate with Russian Venture Company and other
key development agencies
Support creation of business angels networks

11. MILESTONES IN 2012
Launch of Center for innovation development programs
Conclusion of Agreement between Moscow Government and
Russian Venture Company
Launch of Moscow Seed Fund