RVK and Phystech Ventures create a foundation to support technical universities
According to the official website of the Russian Venture Company, the initial size of the fund will be 900 million rubles, with two thirds of this amount being invested by RVC, and the remaining funds will be provided by private investors. The target amount of the fund is planned to increase to 2 billion rubles in the future, by then the share of RVC will be less than 50%. The life of the fund will be 10 years, of which 5 years will be allotted for the investment period.
The agreement between the Russian Venture Company (RVC) and Phystech Ventures is in the form of an investment partnership agreement. The new fund will be called Phystech Ventures II and will be used to support technology projects at the seed stage, which belong to the list of priority sectors according to the National Technology Initiative (NTI). Among them are such areas as additive technologies, new materials, sensorics, new energy sources, analysis of large data sets, energy efficiency, decentralized financial systems and others.
The plans of the background include investment projects together with other venture capital investors and business authors, assistance in the development of portfolio companies, starting from building a patent portfolio and attracting personnel, ending with access to international markets. In total, the fund intends to finance from 15 to 25 different projects, and the size of each investment package will be from 10 to 50 million rubles.
RVC Director of Investment Programs, Andrey Vvedensky, a member of the board of RVC, described the creation of a joint project as an expression of confidence in the high potential and professionalism of the management team of the fund, which was supported by the confidence of domestic and international entrepreneurs. “Phystech Ventures II’s investment strategy is distinguished by a focus on industrial technologies and a focus on working with the ecosystems of leading technical universities of the country, in particular MIPT,” noted Vvedensky. “This step will contribute to the solution of tasks on the development of ecosystems of technological entrepreneurship on the basis of higher education.” In particular, representatives of the joint project are pinning great hopes on cooperation with the Moscow Institute of Physics and Technology (MIPT), whose graduates are 11 out of 17 investors from RVC partner funds, Phystech Ventures.
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Petr Lukyanov, Phystech Ventures managing partner, echoes Vvedensky: “By creating this fund together with RVC, we plan to realize the technological potential of the Russian teams.” According to Lukyanov, Russian venture capitalist companies continue to invest in talented ambitious entrepreneurs by offering them support in building businesses in Russia, North America, Southeast Asia and other regions. At the same time, the share of Phystech Ventures investments will be 1% of the fund’s capital at each closing.
The agreement between the Russian Venture Company (RVC) and Phystech Ventures is in the form of an investment partnership agreement. The new fund will be called Phystech Ventures II and will be used to support technology projects at the seed stage, which belong to the list of priority sectors according to the National Technology Initiative (NTI). Among them are such areas as additive technologies, new materials, sensorics, new energy sources, analysis of large data sets, energy efficiency, decentralized financial systems and others.
The plans of the background include investment projects together with other venture capital investors and business authors, assistance in the development of portfolio companies, starting from building a patent portfolio and attracting personnel, ending with access to international markets. In total, the fund intends to finance from 15 to 25 different projects, and the size of each investment package will be from 10 to 50 million rubles.
RVC Director of Investment Programs, Andrey Vvedensky, a member of the board of RVC, described the creation of a joint project as an expression of confidence in the high potential and professionalism of the management team of the fund, which was supported by the confidence of domestic and international entrepreneurs. “Phystech Ventures II’s investment strategy is distinguished by a focus on industrial technologies and a focus on working with the ecosystems of leading technical universities of the country, in particular MIPT,” noted Vvedensky. “This step will contribute to the solution of tasks on the development of ecosystems of technological entrepreneurship on the basis of higher education.” In particular, representatives of the joint project are pinning great hopes on cooperation with the Moscow Institute of Physics and Technology (MIPT), whose graduates are 11 out of 17 investors from RVC partner funds, Phystech Ventures.
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Petr Lukyanov, Phystech Ventures managing partner, echoes Vvedensky: “By creating this fund together with RVC, we plan to realize the technological potential of the Russian teams.” According to Lukyanov, Russian venture capitalist companies continue to invest in talented ambitious entrepreneurs by offering them support in building businesses in Russia, North America, Southeast Asia and other regions. At the same time, the share of Phystech Ventures investments will be 1% of the fund’s capital at each closing.
Source: https://habr.com/ru/post/297834/
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