Director of the Fund

1. Fund for Venture Investment
Development Assistance for
Small Science and Technology
Enterprises of St. Petersburg
2012

2. Aims of establishment
Founder – Government of St. Petersburg
Aims of establishment:
-Development of venture financing infrastructure for small science
and technology enterprises of St. Petersburg
-Development of innovative small businesses
Major 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 for
Small Science and Technology
Enterprises 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 products
3. 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 Street
Business Center «Crystal» , office 802
Теl/Fax: +7 (812) 640-96-45
web: www.vf-spb.ru
e-mail: venture-spb@bk.ru