Innoperm rvc service company eng

РОССИЙСКАЯ ВЕНЧУРНАЯ
КОМПАНИЯ

Main activities of the Fund

Presentation for service companies

Main goals of the Fund

 Development of the market of professional
consulting services for innovative companies*

 Increase of competitiveness of Russian innovative
factories

 Decrease of investment risks in venture business

* Companies,producing innovative products/services and/or realizing innovative
business-models, with the potential of nonlinear growth
Фонд инфраструктурных инвестиций Российской венчурной компании

Main areas of activity

Provision of access to professional services for innovative
companies
 Increase of the accessibility of available services
 Increase of service companies with the knowledge of the innovation business
specificity

Creation of new (for Russian market) services

 Increase of the effectiveness of use and provision of access to technological
equipment for innovative companies
 Business-portfolio formation for innovative company
 Development of the professional technology assessment market
 Informational and analytical support of venture activity in Russia
 Provision of services of protection, assessment and commercialization of IP for
innovative companies
 Formation of market of industrial IP and formation of patent pools


Provision of access to technological equipment for

Register of the scientific and Assurance of data on the outfit
Service broker may be laboratorial equipment and work types
the portfolio company of Interactive system of the equipment Services rendering and
the fund selection according the characteristics equipment lease
and conditions of lease
Equipment
owners
Service
Equipment database
broker
Search for the owners of
technological equipment (in
Russian Federation and abroad).
Conclusion of the long-term
contracts with owners
Maintenance of the equipment
Innovative company
database
Interfaces for available bases Search for the required equipment in the base
Appointment of quotas for the Conclusion of contracts for quotas appointment
equipment use
Use of equipment


Business-portfolio formation for innovative company

Product services
c
Standard set of investment company documents

 Including:
 Methodological recommendations (step-by-

c
step)
 Document templates
o

 For processes execution:
 Creation of company
 Intellectual property protection
 Business-plan development
 Investment mobilization
 Financial statements
Information services  Management statements
 Staff management (contracts, job description,
 Consulting services in the region motivation)
 Venture partners in the region  Interactions with standard contractor (lease,
 Investment funds service rendering, trade)


Development of the professional technology
assessment market

 Methodology and documents templates
for technology assessment in venture
business
 Pool of experts:
 Regulation
 Criteria
 Sources
 Special trainings and workshops for
experts

 Models and interfaces of interactions
between the agents of the assessment
market

 Supervised role-based access to data
 Anonymous/symbolic
 Secrecy/publicity


Information integration in the world innovation
community

Situation analyse Information integration
 Analyse of the assessment criteria  Creation (search) of information and analytic
of innovation ratio in the country company, providing the following services:
economy  Analytical reviews of Russia
 The World Bank  Interactions and information exchange with
 EBRD (European Bank for leading rating and information agencies
Reconstruction and  Analytical reviews of the world innovation
Development) market state in Russian for the assurance of
 OECD (Organization for the Russian participants integration
Economic Co-operation and
Development)
 Reveal of low rates because of
insufficient information exchange

Increase of the rating of Russia in the world by the actual information provision


The analyse and the service companies/projects
selection processes
Applications examination
 Initial companies/projects selection in accordance with the fund
1 Application
conception and the industry specialization of service company
Decline project
Request of the additional information
Initialize the process of the initial analyse
Project declined 3

Investment committee
Improvement
Initial analyse
 The complex verification of the possibility of project realization, its
correspondence to the priority criteria of the fund (investment and
2 recommended
Detailed check
initialized
Fund

sectors), the capability of company to service provision to the
agents of the innovation market.

Detailed verification
 Check of the reliability of the financial, juridical, technical and 4 Project declined
Improvement
5
other information provided by the company/project team
recommended
 Confirmation of the suggests of the business-plan of the Deal approved
company/project and the correctness of all required
documentation, including the conformity to the laws currently in
force
 Confirmation of the professional qualities of the specialists of the
company/project. Deal

Applications examination

Initial data Executors
 The service company application  Fund analyst
 Additional information, attached to the  Investment management of the Fund
application

Application
1.1. PERSON OF CONTACT
1.2. INFORMATION ABOUT THE COMPANY Duration
• The name of company, the organisation and juridical
form, the address, phone number  3 weeks at most
• Shot company history (figures and achievements)
• Experience and past periods achievements of the Result
project initiators
• Key specialists  Final document – «Conclusion on the
1.3. INFORMATION ABOUT PROVIDED SERVICES
application analyse»
• The name of the service/project aimed at the creation,
promotion of the service  On the base of the conclusion the work
• Service description group of the Fund including the Director,
• Experience of the service rendering (history, funding, investment manager, lawyer and analyst
turnover) take one of the following decisions:
• Main service consumers  To decline the project
• Market description
 To require additional information
• Competitors, competitive advantages of the service,
price formation  To initialize the initial analyse process
• Description of the business-model
1.4. NEED FOR INVESTMENTS


Initial analyse

 Business-plan of the investment project  Fund analyst
 Investment project summary  Fund lawyer
 Investment project presentation  Investment manager of the Fund
 Financial model (as MS Excel file)  Specialist of the risks analyse of the Fund
 Copy of the report on the company
establishment Duration
 Company's charter
 Extract from the integrated state register of the  6 weeks at most
legal entities
 Certificate of the registration of Russian
organisation in the tax authority by the
Result
location on the Russian Federation territory  Final document – «Conclusion on the
 Certificate of the state registration of the legal initial company/project analyse»
entity  Initial analyse makes the base of the
 Accounting balance sheet decision of the Investment committee:
 Contract (agreements) on the rights of  To initialize the process of the detailed
participants (project) check
 Agreement on the main deal conditions  To decline the project
(project)  To recommend to improve and/or provide
 Addenda for the charter (project) an additional information on the project
 Agreement on the intentions of private
investor to make investment into the service
company and to invest into the project


Detailed check

 Corporate documents  Fund analyst
 Financial statements  Fund lawyer
 Technical reports  Investment manager of the Fund
 Market studies  Detached analysts, consultants and experts (on
 Staff qualification requirement)
 Figures of the key specialists
turnover Duration
 Measures of the key staff
retention  8 weeks at most
 Main intangible assets
 Main material assets Result
 Property and property rights of
the service company  Final document – «Report of results of the detailed
 Contracts check process»
 Information on the finances and  Results of the detailed check forms the base for the
owners Investment committee decision:
 Juridical cases  To approve the deal of the investment/securities
 Check of the liabilities purchase of the company or the asset purchase;
 To decline project
 To recommend the improvement and/or to require an
additional information on the project


Formation of the Fund portfolio

Ideal portfolio company
 Fund's investments 5-30 mln. rubles (first tranche)
 Quick break-even point

Optimal deal structure
 The tranche loan what can be converted in shares
 The deposit in the authorized and additional capital by tranches
 Conditional character of the next tranche provision (achievement of the arranged results by
the portfolio company)

Balanced portfolio

Volume of the Investments
Volume of one
investments Year quantity
investment
Geography (pieces min max
(mln.rub)
quantity) 2011 5 15
min max min max 2012-2015 2 50
International 1 5 20 60
Russian Federation 2 50 15 60

Structure of main conditions for deals

 Restriction of rights of withdrawal of members of participants during a
defined period
 Restriction of deals with shares (for example, during defined period or
by the agreement of all participants of the alienation of the share to
the other participant or the third party)
 Right of the Fund to constraint the participants of the Company to sell
their shares in the authorized capital to third parties (Drag-along) under
the priority right of the participants for the priority buyback of the
Fund's share
 Fund's right to join to the sale of the shares by the participants of the
Company to third parties on the same conditions (Tag-along)
 Realization of the measures to retain key staff in the company (optional
and the other motivation program, the concurrence prohibition in case
of the dismissal, the program of the confidence etc.)
 Precision of the forecast – pessimistic, optimistic


Results of the Fund's activity

Increase of the quantity and capitalization
of the service companies

Decrease of the transaction costs of the

Increase of the quality of the projects
«packing»

The deal-flow for venture funds


Innoperm rvc service company eng

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