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Agreement on interaction of institutes on development and interested organizations in the sphere of provision of continuous financing of innovation projects at all stages of innovation cycle was signed in Moscow 06.04.2010 April 6, 2010, in Moscow was signed an Agreement on interaction of institutes on development and interested organizations in the sphere of provision of continuous financing of innovation projects at all stages of innovation cycle. more...

Mass media about VC

“Scolkovo” Fund has agreed with the USA upon co-operation with Massachusetts Institute of Technology and Boeing 04.07.2010 www.prime-tass.ru Russian Fund “Scolkovo” and one of leading scientific, research and educational USA centers – Massachusetts Institute of Technology (MIT) have signed a framework agreement on co-operation. Corresponding memorandum was signed by the Fund’s president Viktor Vekselberg and Rafael Reif, provost of MIT, during the visit to the USA of Russian President Dmitry Medvedev. www.prime-tass.ru Preferential regime “Scolkovo” for innovation companies will start working earlier than the technopolis itself 02.07.2010 www.unova.ru Parliament readings on legislative support of the innovation center in Scolkovo building have passed in the State Duma. First speaker – Vladislav Surkov, the first deputy chairman of the presidential administration of the Russian Federation, urged parliamentarians to believe in the project and support the law, since even foreign companies have believed already and agreed to invest in the project. www.unova.ru Founders of several IT-companies created $30 mln seed fund 01.07.2010 www.comnews.ru Founders of several IT-companies including Alexander Galitsky, partner of Almaz Capital Partners, and Sergey Belousov, Parallels director general, have created a $30 mln seed fund. This capital will be invested in technology start-ups. www.comnews.ru On the results of Russian Venture Company activities in first six months of 2010 30.06.2010 www.rusventure.ru June 30, 2010, a joint press-conference of Ministry for economic development (MED) of the RF and JSC Russian Venture Company was conducted at the MED. Within the frames of the event, it was recounted on the results of JSC RVC activity in the first six months of 2010, particularly on the details of adoption by the JSC RVC board the concepts of two new RVC funds – Biopharmaceutical Cluster RVC Fund (BioFund RVC) and Infrastructure Investments Fund (InfraFund RVC), as well as on international JSC RVC activity. www.rusventure.ru The process of forming RUSNANO Capital AG is completed 30.06.2010 www.rusnano.com RUSNANO has completed the process of creation and registration of RUSNANO Capital AG management investment company. RUSNANO Capital AG will be engaged in attracting global investors for financing the most promising Russian innovation projects, as well as in investing in the existing western innovation technologies with the aim to use them in Russia. www.rusnano.com “Innograd” will exist! 29.06.2010 www.allventure.ru What should be the “innograd” in Scolkovo? How to provide turning a futuristic dream into foremost innovation Russian center? The experts of “Venture Russia” internet portal will answer these questions. www.allventure.ru The two-days working activity of 4th Siberian Venture Fair is summed up 28.06.2010 www.allventure.ru Russian Venture Capital Association (RVCA) has set the Prize of its Sympathy. “Biolink” company was acknowledged to be the most attractive for RVCA. Its production is the unique in Russia reagents for molecular diagnostics of cancer. As a prize, Biolink gets free of charge invitation to participate in Russian Venture Fair which will be conducted in Rostov-on-Don, October 21-22. www.allventure.ru A subsidiary of “Scolkovo” may appear in California 24.06.2010 www.vedomosti.ru Opening a subsidiary of Russian Fund “Scolkovo” in California, improving labor and financial legislation, and organizing charter flights Scolkovo–San Francisco – these are the formulae of innovation development in Russia which were suggested to Dmitry Medvedev by former Russians currently working in Silicon Valley. Meeting of scientists and businessmen with Russian president took place at ordinary cafe Printers in one of the towns of Palo-Alto, USA technology center, and more resembled a brainstorm. Before the meeting, Medvedev had time to visit a number of largest companies of Silicon Valley: Twitter, Cisco, Apple, Yandex Labs, – and compared his notes with the meeting participants. www.vedomosti.ru Are entrepreneurs prepared to new quality of growth? 24.06.2010 www.allventure.ru The Round table “Are entrepreneurs prepared to new quality of growth?” that was conducted within the frames of 4th Siberian Venture Fair has finished its work. Unexpected acute and dynamic discussion flowed far out the boundaries of set time-limit. The participants – investors, representatives of large funds, scientists-inventors, and professors – all of them tried to determine the core basis of business growth. Different opinions were heard: competent educated personnel, so-called “social capital”, specific entrepreneurial spirit, networking, etc. www.allventure.ru Financial corridor for innovations 24.06.2010 www.allventure.ru In Novosibirsk, within the frames of 4th Siberian Venture Fair, a conference “Financial corridor for innovations” organized by JSC Russian Venture Company was conducted. Representatives from major Russian institutes of development such as RVC, RUSNANO, MICEX, RBD, took part in the events. Participants discussed a number of common and particular issues of investments attraction in regional innovation companies and of transition from scientific idea to public company. www.allventure.ru “Scolkovo” has found its management 21.06.2010 www.vedomosti.ru First session of the “Scolkovo” Fund’s board took place within the frames of St. Petersburg International Economic Forum. At the Forum the membership of board of guardians and supervisory board of the Fund was approved, co-chairmen of consultative scientific council of the Fund, laureates of Nobel Prize Zhores Alferov and Roger D. Kornberg were elected, and work contract was signed with the Fund’s president Viktor Vekselberg. According to the Funds’ charter, the board of directors is a highest management body, board of guardians – an oversight body. www.vedomosti.ru Evolution of Italian solar energy 21.06.2010 venture-news.ru European Solar Energy Investment Company HFV has signed €15 mln agreement with Italian supplier plant Enerqos on building a solar energy plant in Salento, with total power 5 MW, in Italian province of Lecce. venture-news.ru Three billion rubles venture capital fund for technologies and innovations will be created in Krasnoyarsk by the end of the year 18.06.2010 www.24rus.ru Memorandum of understanding between Krasnoyarsk Krai and RUSNANO on creation of Krasnoyarsk venture capital fund for technologies and innovations has been signed today within the frames of Saint Petersburg International Economic Forum, by Vice-Premier of the Krai Government Andrey Gnezdilov and the RUSNANO project office Director Mikhail Chuchkevitch. www.24rus.ru Russia will save long-term investments from taxes 18.06.2010 www.bfm.ru Speaking at the St.Petersburg International Economic Forum, President of the RF Dmitry Medvedev said that capital gains tax for private equity investments will be totally annulled in Russia beginning from 2011. “Russia needs an investment boom. Creation of comfort environment for investors − is a priority. Today we put this goal in the focus of our efforts. Some concrete steps have been made already, and they will be continued. Changes will be necessary”, − says Medvedev. www.bfm.ru Saint Petersburg citizens are invited to Scolkovo 17.06.2010 www.dp.ru Nobel laureate Zhores Alferov appealed to the Saint Petersburg scientists and businessmen to participate in the legislation on innovation town in Scolkovo discussion. The city authorities and scientists don’t insist any more on realization of analogues project in Saint Petersburg. www.dp.ru Heads of the USA leading venture capital funds wrote an open letter to Dmitry Medvedev 17.06.2010 www.unova.ru Representatives of American venture capital community, which visited Russia in the end of May, wrote an open letter to President of the Russian Federation Dmitry Medvedev. www.unova.ru For the first time airplane realized a flight on water-plant biofuel 17.06.2010 venture-news.ru At ILA-2010 exhibition in Berlin the EADS consortium realized the first in the world demonstrational flight of a plane used biofuel made of water-plants. First generation airplane Diamond Aircraft DA42 equipped by two Austro Engine AE300 engines, takes part in daily program of demonstrational flights. venture-news.ru Stavropol region authorities will bring capitalization of venture capital fund being raised to 1 billion rubles 10.06.2010 www.unova.ru Authorities of Stavropol Krai are planning to bring to 1 bln rub. the amount of capitalization of the Fund for assistance to development of venture investing in the agents of small and medium entrepreneurship in scientific and technological sphere of the region. www.unova.ru RUSNANO Director General Anatoly Chubais and Belgorod oblast Governor Evgeny Savchenko signed a cooperation agreement 08.06.2010 www.rusnano.com The aim of the agreement is forming at Belgorod oblast territory the elements of national nanotechnology network, which would provide favorable conditions for large-scale raising of the nanoindustry production rate. At the region territory an innovation infrastructure for development of scientific and technology potential and commercialization of promising works of enterprises and institutions of Belgorod oblast in nanotechnology area will be formed. www.rusnano.com Saint Petersburg: how the support of small business will change 08.06.2010 www.allmedia.ru Evgeny Elin, Economic Development, Industrial Policy and Trade Committee Chairman, was speaking about changes in small business support and separate programs at the session of Public Council in Smolny. Some of the programs will be terminated because of changes of priorities. After 2011, when four-year city program of small business development is finished, the priorities of support will change, said Evgeny Elin. Other major goals will be set in new program. Priority of increase in small enterprises’ number will be substituted by “improvement of business environment, i.e. elimination of administrative barriers”, said Elin. Among other goals – forming institutes of small business development (e.g. funds) and address support of weak chains, e.g. depressive regions. Also, the Committee Chairman reviewed in details the changes expected in 2010. www.allmedia.ru Saint-Petersburg: Pre-seed investment fund is planned to be created 07.06.2010 www.allmedia.ru In current year, a pre-seed investment fund is planned to be created in Saint Petersburg. As explained Evgeny Elin, Economic Development, Industrial Policy and Trade Committee Chairman at the session of Public Council on small entrepreneurship development at the Governor of Saint Petersburg, these investments occupy a niche between grants for business launch and venture capital. www.allmedia.ru Conor Venture Partners is raising new investment fund 07.06.2010 venture-news.ru Conor Venture Partners is near closing its second fund, the volume of which should not exceed $100 mln being in the same time twice as big as its precursor, and this is not the end. Recently, Finnish Espoo company has announced closing its first €46 mln deal for its Conor Technology Fund II LP, that was more than two times bigger €20 mln which were raised for its first fund in 2006, – as reported Sami Avenniemy, one of the company’s partners. venture-news.ru Tyumensk oblast officially refused venture projects 04.06.2010 www.uralpolit.ru Tyumensk oblast government officially announced breaking up a venture fund. The millions of Tyumen are returned to the oblast budget. Regional officials have found already a new alternative to the fund: Tyumen technopark will become one of participants of the Russian Venture Company JSC partners’ venture network. www.uralpolit.ru A.Fursenko: 337 university spin-offs have been created already 04.06.2010 www.allmedia.ru For the purpose of science and manufacture integration, the law on creating by educational and scientific institutions the enterprises on introducing achievements of intellectual activities was passed in the last year August. As of May 28, 2010, notifications on creation 337 business entities on the base of 105 universities have been arrived at the Ministry of education and science of the RF. It was reported by the head of “Minobrnauka” Andrey Fursenko during the “government hour” at the State Duma of the RF on June 2. The text of A. Fursenko report is published on official website of “Minobrnauka”. www.allmedia.ru Google bought advertising start-up Invite Media 04.06.2010 internet.cnews.ru The Google company has announced acquiring of Invite Media, start-up which owns a universal platform for purchasing banner advertising. Financial terms of the deal are not disclosed, − TechCrunch said. According to this information, the deal amounted to approximately $70 mln. internet.cnews.ru IVF RT has supported small business in the amount of 447.7 million rubles 03.06.2010 www.tatar-inform.ru Within the frames of realization of entrepreneurship support program, Investment venture capital fund RT (IVF RT) has allocated in authorized banks the guarantee fund’s money in the amount of more than 447.7 mln rub. As of beginning of June of this year, there had been signed 293 contracts of guarantee to the total amount of 370.8 mln rub. since the moment of the program launch. Average size of guarantee per one borrower was equal to more than 1.2 mln rub. www.tatar-inform.ru Youth innovation project is preparing to launch 03.06.2010 venture-news.ru Youth innovation project “Amber Net” within the frames of “Scolkovo Innograd” is preparing to launch. Initiative group of young scientists and specialists has developed a concept of uniting researches, entrepreneurs, investors, and experts from every corner of the globe for creating and introducing innovation ideas. venture-news.ru 1 billion rubles directed to small innovation companies support 03.06.2010 www.allmedia.ru The Russian Federation government allocates budget funds in the amount of 1 bln rubles to the Foundation for assistance to small innovative enterprises (FASIE) in 2010. Corresponding decree of May 31, 2010, #853-р was signed by Vladimir Putin, the RF Government Chairman. www.allmedia.ru RUSNANO will back creation of Major Preclinical Studies Center in Dubna 03.06.2010 www.rusnano.com The creation of Major Preclinical Studies Center project has been approved by RUSNANO supervisory board. Total budget of the project will amount to 1.6 bln rubles. Applicant of the project Investment Advisory Group will invest in authorized capital 228 mln rubles and will provide 580 mln rubles loan (equal to $19.3 mln). Financial co-investor will invest in authorized capital 180 mln rubles and also will provide $19.3 mln loan www.rusnano.com Yandex is engaged in seeking start-ups 02.06.2010 vesti.kz Russian Internet company Yandex has been engaged in seeking teams that are working out new technologies, attachments, and services. Ilya Segalovich, one of the company’s founders, said that Yandex is concerned in new models of business in Internet. Particularly, it is a question of multimedia technologies, geolocation services, information flows analysis and structuring, advertising technologies, and personal data processing. vesti.kz Alexey Kudrin: Scolkovo won’t seal the fate of innovations in Russia 01.06.2010 www.finam.ru Scolkovo – is a sound pilot innovation project, but it won’t seal the fate of innovations in Russia, thinks minister of finances of the RF Alexey Kudrin. “Technoparks, special universities centers and venture capital funds at Russian Academy of Sciences are needed”, − he said. www.finam.ru Medvedev liberated Chubais from dependence 01.06.2010 www.bfm.ru Anatoly Chubais, RUSNANO Director General, has got a new source of financing for State Corporation headed by him. Now the RUSNANO has a right to issue its own bonds. Money from their placement should be directed to development of new nanotechnology projects. www.bfm.ru