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Fund.for.venture.investment.development.assistance

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  • 1. Fund for Venture Investment Development Assistance for Small Science and Technology Enterprises of St. Petersburg 2012
  • 2. Aims of establishmentFounder – Government of St. PetersburgAims of establishment:-Development of venture financing infrastructure for small scienceand technology enterprises of St. Petersburg-Development of innovative small businessesMajor characteristics: • Budgetary funds: 300 mln. RUB • Start of operations: December 15, 2006 • Terms of operation: unlimited
  • 3. Formation of closed-end investment fund Nonprofit organization«Fund for Venture Investment VTB24 (CJSC) CJSC «VTB Capital» JSC VTB Bank Development Assistance forSmall Science and TechnologyEnterprises of St. Petersburg» 30 mln. 170 mln. 100 mln. 300 mln. Managing company CJSC «VTB Asset management» _____________________________ Regional venture investment fund (CEIF) - 600 mln.
  • 4. Invested projects 1. CJSC «Easytail» - 50 mln. RUB – 04.08 Production of innovative packaging for condom unwrapping 2. CJSC «Laser center» - 56 mln. RUB – 06.08 Design and development of laser systems for labeling and engraving, registration, control, counterfeit protection and identification of various products3. LLC «Microchannel systems » - 69 mln. RUB – 12.10 Highly profitable production of microchannel plates 4. LLC «Oktogo» - 88.5 mln. RUB – 02.12 Online hotel booking in Russia and abroad for Russian citizens.
  • 5. Functions of the Fund Selection of investment projects for the Regional venture investment fund (CEIF)- investment from 10 up to 90 mln. RUB Venture partnership with the Fund for Seed Investments of the Russian Venture Company- project selection – investment up to 33 mln. RUB (75% - Fund for Seed Investments of the Russian Venture Company, 25% - private investor funds)- Project wrap-up (resume, presentation, financial model, project business plan, deal structuring)- Venture deal support till investor’s withdrawal from project Export support and consulting of project authors and innovative companies on investment support and preparation of investment projects
  • 6. Selection criteria for investment projects• Company must conform to the criteria of small science and technology enterprises• Consent to transmit not less than a 25% share of statutory fund to the Investor• Strong business team• Availability of intellectual property rights• Innovative character of a project• Significant potential for mid-term business development (3-4 years) at the regional, Russian and international markets• Clear company development strategy and plan for application of investment resources, strategy of Investor’s withdrawal from project• Attractive price of a deal, high profitability of project by the time of Investor’s withdrawal
  • 7. Thank you for your attention!Contacts:37 Sedova StreetBusiness Center «Crystal» , office 802Теl/Fax: +7 (812) 640-96-45web: www.vf-spb.rue-mail: venture-spb@bk.ru