January 12, 2016 at 17:57RVC and Phystech Ventures create a fund 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 RVC investing two-thirds of this amount, and the remaining funds will be provided by private investors. The target volume of the fund is planned to be increased in the future to 2 billion rubles, 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 allocated to the investment period.
The agreement between the Russian Venture Company (RVC) and Phystech Ventures is executed in the form of an investment partnership agreement. The new fund will be called Phystech Ventures II and will be used to support seed-stage technology projects that are on the list of priority industries according to the National Technology Initiative (STI). Among them are areas such as additive technologies, new materials, sensors, new energy sources, analysis of large data sets, energy efficiency, decentralized financial systems and others.
The plans for the background are to invest in projects together with other venture investors and business authors, help in developing portfolio companies, starting from building a patent portfolio and attracting staff, ending with access to international markets. In total, the fund intends to finance from 15 to 25 different projects, while the size of each investment package will be from 10 to 50 million rubles.
Andrey Vvedensky, Director of Investment Programs, 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 fund's management team, which was reinforced by the trust of domestic and international entrepreneurs. “The investment strategy of Phystech Ventures II is distinguished by its focus on industrial technologies and focus on working with ecosystems of the country's leading technical universities, in particular MIPT,” said Vvedensky. “This step will help solve the problems of developing ecosystems of technological entrepreneurship based on higher education.” In particular, the representatives of the joint project have high hopes for cooperation with the Moscow Institute of Physics and Technology (MIPT), whose graduates are 11 of the 17 investors of RVC partner funds,
Echoing Vvedensky and Phystech Ventures managing partner Petr Lukyanov: "By creating this fund together with RVC, we plan to realize the technological potential of the Russian teams." According to Lukyanov, the Russian venture capital company intends to continue investing in talented ambitious entrepreneurs offering them support in building a business 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 of its closures.
The agreement between the Russian Venture Company (RVC) and Phystech Ventures is executed in the form of an investment partnership agreement. The new fund will be called Phystech Ventures II and will be used to support seed-stage technology projects that are on the list of priority industries according to the National Technology Initiative (STI). Among them are areas such as additive technologies, new materials, sensors, new energy sources, analysis of large data sets, energy efficiency, decentralized financial systems and others.
The plans for the background are to invest in projects together with other venture investors and business authors, help in developing portfolio companies, starting from building a patent portfolio and attracting staff, ending with access to international markets. In total, the fund intends to finance from 15 to 25 different projects, while the size of each investment package will be from 10 to 50 million rubles.
Andrey Vvedensky, Director of Investment Programs, 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 fund's management team, which was reinforced by the trust of domestic and international entrepreneurs. “The investment strategy of Phystech Ventures II is distinguished by its focus on industrial technologies and focus on working with ecosystems of the country's leading technical universities, in particular MIPT,” said Vvedensky. “This step will help solve the problems of developing ecosystems of technological entrepreneurship based on higher education.” In particular, the representatives of the joint project have high hopes for cooperation with the Moscow Institute of Physics and Technology (MIPT), whose graduates are 11 of the 17 investors of RVC partner funds,
Echoing Vvedensky and Phystech Ventures managing partner Petr Lukyanov: "By creating this fund together with RVC, we plan to realize the technological potential of the Russian teams." According to Lukyanov, the Russian venture capital company intends to continue investing in talented ambitious entrepreneurs offering them support in building a business 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 of its closures.