Rvc 08

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Rvc 08

  1. 2. WWW.RUSVENTURE.RU RVC’s Mission 6
  2. 3. WWW.RUSVENTURE.RU Investment priorities 5
  3. 4. WWW.RUSVENTURE.RU Board of directors 5
  4. 5. WWW.RUSVENTURE.RU Competitive selection: principal structure 4 ®
  5. 6. WWW.RUSVENTURE.RU First venture funds 6
  6. 7. Investment process dynamics <ul><ul><ul><li>33% – Information and telecommunication systems </li></ul></ul></ul><ul><ul><ul><li>31% – Clean technology </li></ul></ul></ul><ul><ul><ul><li>24% – Clean and alternative energy </li></ul></ul></ul><ul><ul><ul><li>12% – Transportation and aerospace </li></ul></ul></ul>3061 3000 mln. RUB <ul><ul><ul><li>– Fund capitalization </li></ul></ul></ul><ul><ul><ul><li>– Amount of estimated investments in 2008: </li></ul></ul></ul><ul><ul><ul><li>45% - VTB – Venture Fund </li></ul></ul></ul><ul><ul><ul><li>49% - Bioprocess Capital Ventures </li></ul></ul></ul><ul><ul><ul><li>– Amount funds invested: </li></ul></ul></ul><ul><ul><ul><li>4% - VTB – Venture Fund </li></ul></ul></ul>Investment sectors * * Deals approved by Investment committee of “VTB-Venture Fund”
  7. 8. Investment process in regions
  8. 9. WWW.RUSVENTURE.RU Second Competitive selection 5
  9. 10. WWW.RUSVENTURE.RU Investment scope expanded 7 <ul><li>Pre-venture seed financing </li></ul><ul><li>- Range - RUB 1 to 10 million (USD 40K to 400K) </li></ul><ul><li>Capital contribution, refundable (or convertible) only if and after startup is venture funded </li></ul><ul><li>Competitive cluster Funds </li></ul><ul><li>Enhanced investment policy </li></ul><ul><li>Concentration on technological clusters of high competitiveness </li></ul><ul><li>Later stage </li></ul><ul><li>- Several later stage funds may be created in 2008-2010 </li></ul><ul><li>- Will operate in between early stage funds and private equity funds (as 2nd and 3rd round investors) </li></ul><ul><li>- Will have a smaller share of RVC money and less generous buyback rights but less restrictive fund terms </li></ul><ul><li>Co-financing of venture funded companies </li></ul><ul><li>- RVC can provide matching funds to deals with Russian startups led by an eligible VC (Russian or international) </li></ul><ul><li>- Same tech eligibility criteria will apply </li></ul>
  10. 11. WWW.RUSVENTURE.RU New high-tech market development functions 8 Russian Venture Company has been entitled by the Government to perform new market development functions as a organizer and finance provider TRAINING AND EDUCATION: - Professional training for entrepreneurs and other key professions in innovation ecosystem INTERNATIONAL GATES: - Relations with leading high tech clusters around the world (Silicon Valley, Cambridge, Singapore) for the benefit of cooperation between startups, tech corporations, research universities, venture funds and tech ecosystems - Forums and conferences - Russian and foreign business media MARKET KNOWLEDGE: - Research of innovation-related markets and industries in Russia and worldwide, to be published for public use

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