2. Application for Skolkovo Residence1
Qualification of Investors2
Investment Procedure and Criteria3
Skolkovo Investment Instruments4
Contents
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Introduction to CIO Service and its Functions5
Short-term Deliverables and Strategic Aim6
3. Startups
Application
process
3
Skolkovo Status Application Overview
Innovative
Companies
R&D
Business Incubators
Qualified Investors
Venture Funds
Strategic Partners
Anchor Investors
Unqualified
investors
Preliminary
automatic
checking
Startups
Innovative
companies
R&D
Certification
board
Startups <100% invest.
Innov. Companies <50%
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4. 4
Application for the innovative project
Online Application via web-site1
Preliminary automatic check2
Matching projects with investors3
Project roadmap development4
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Nomination of the project by Qualified investor5
Certification Board6
Legal registration7
5. 5
Applicants Types
Startups1
Required investments
< $US 1 mln
Innovative
companies
2
Required investments
> or equal $US 1 mln
3
Initiated by Anchor
investors of Skolkovo
Foundation
(agreement signed )
R&D centers
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7. 1. The qualified investor has no right to nominate
2. The necessary equipment is unavailable
3. No intellectual property (IP) rights are available
4. The IP has no opportunity for the world priority
5. The project lead has no profile industry experience
6. No documents insuring scientists involvement
7. No documents insuring international cooperation
(for innovative companies)
Filtering criteria
Preliminary automatic check
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8. Matching Projects to Qualified Investors
Distribution of project via qualified investors network
Waiting for responses from investors for up to 5 days
The project lead opts for the investor(s) on due-
diligence for up to 45 days
If rejected, one more investor can be chosen
A Startup can be assigned for consideration to the
incubator that was supported by the Foundation
1
2
3
4
5
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9. 9
Qualified investor (1 only) nominates the chosen project1
The investor looks after the project via whole lifecycle2
The investor holds responsibility on the project activity3
The investor is obliged to invest or attract investment in 6
months after registration of the project
4
Nomination of the Project by Investor
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The qualified investor endures regular compliance audit5
10. 10
Being developed by nominating investor and project
team
1
The key benchmark for monitoring and audit. Should
contain major deliverables and deadlines.
2
The job checks the level of team competence and investor
engagement.
3
The project and investor will be required to follow the
Roadmap with ability to update it every 6 months.
4
Project Roadmap development
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11. 11
Ability of the project to reach its goals (as per Roadmap)1
Reliability and validity of documents provided by Applicant2
Match to the Technology cluster3
Innovativeness (p. 10.6.2 of the Mandate)4
Practical feasibility (p. 10.6.3 of the Mandate)5
Certification Board
Certification board evaluates:
Scientists Involvement (p. 10.6.4 of the Mandate)6
International cooperation7
The Certification board is formed by clusters
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12. 12
1. Russian Managing Companies of Venture Funds.
2. Venture partners of RVC SIF.
3. Strategic partners (signed MoU).
4. Anchor investors (signed MoU).
5. Local and international governmental development institutions.
6. Managing companies of incubators and seed funds supported by
Skolkovo Foundation (Skolkovo General Partners).
7. Foreign Venture Firms with proven track-record.
8. Other investors wishing to invest in projects meeting Skolkovo
entrance criteria.
Qualified investors can be:
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13. Qualified investors classification
A+
A
B
C
D
Classes Classification by:
1. Reputation
2. Assets volume
3. Track record
4. Team
Mobility
Downgrading
Upgrading
Criteria
1. Activity
2. Transperency
3. Readiness to invest
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14. 4 major tools at launch
14
Skolkovo early investment instruments
Innovative Infrastructure
Development Fund
Technology Clusters
Development Fund
Seed Investment Support Fund
of Funds
Venture investments support
Fund (direct investments)
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15. 15
Unique Cap-intensive equip. rent
100%
Skolkovo
IIDF
Key innovation
infrastructure support
Innovative Infrastructure Development Fund
$ Technoparks
Technology Centers for
collective use(e.g.
SVTC)
$
$
$
Innovative Companies, Startups, Labs, Clusters,
initiate !
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Access to
equipment
17. 17
“Seed investments
support fund" VA
Private Managing
Companies (General
partners)
>25%
private
capital
Seed investments support Fund
Seed-stage investment
funds creation and
financing
Qualified investors
LLCs, CJSCs
Venture closed-
end mutual funds
Parallel investments instruments
(offshores + onshores)
Startups
$
$
$
initiate !$
* Qualified investors propose projects as potential Skolkovo
participants and can also submit them for co-financing
manage
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18. 18
“Venture investments
support Fund" VA
Venture investment closed-end mutual funds
VICMF
“Skolkovo
Information
Technologies”
VICMF
“Skolkovo
Energy
Efficiency”
VICMF
“Skolkovo
Medical & Bio
Technologies”
Innovative companies
investing
50%
private
capital
50%
Skolkovo
$
$
CJSC Managing Company “Skolkovo Venture Investments”
Qualified investors
Innovative Companies
$
Venture Investments Support Fund
* Qualified investors propose projects as potential Skolkovo
participants and can also submit them for co-financing
initiate !
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CIO Service Key Functions
1. Development and maintenance of projects workflow.
2. Qualified investors net development and matching service.
3. Development and maintenance of Expert Network .
4. Investment Projects scoring system.
5. Due diligence (legal, tax and basic financials).
6. Project presentations preparations for the Investment Committee.
7. Deals structuring.
8. Projects follow-on support and monitoring.
20. Criteria for direct investments
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Applicants only
Second best (not ready to be
supported by private investors)
2
1
The most of 5 criteria3
Credibility of Investors4
Cluster foresight focused5
Progress of the project (from application to Skolkovo)6
21. Thank you for your attention!
Contacts:
Vyacheslav Solonitsin
+ 7 (926) 532-3085 | VSolonitsin@corp.i-gorod.com
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