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VENTURE INVESTMENT

MOSCOW VENTURE INVESTMENT DEVELOPMENT FUND

The Moscow Fund for Promotion of Venture Investment in Small Scientific and Technical Enterprises was created in 2005 by the Moscow Government (Decree of the Moscow Government # 898-PP dated November 05, 2005 “On Creation of Non-Profit Fund for Promotion of Venture Investment in Moscow Small Scientific and Technical Enterprises”) with the support of AO RVC».

FUND'S MAIN PURPOSE

The Fund purpose is to create favorable conditions for the development of venture investment in Moscow.

FUND'S MISSION

Support of would-be venture capital investors and young innovative enterprises.

FUND'S MAIN OBJECTIVE

Encouragement of private venture investors and creation of a favorable venture environment for technology startups development.

FUND'S PROGRAMS

Currently, the Fund is implementing the following programs:

  • provision of preferential investment loans at the Seed and Pre-seed stages to the innovative projects, which have received financial support in the form of private investment. The loan is provided in the amount of up to RUR 36 m.
  • provision of preferential investment loans to the companies preparing for IPO in the Innovation&Investment Market (IIM) Sector, IIM Prime Segment, and the Growth Sector of the Moscow Exchange. The loan is provided in the amount of up to RUR 30 m.
  • provision of preferential targeted loans to high-tech companies that are MICEX IIM Sector issuers. The loan is provided in the amount of up to RUR 30 m.

SEED PROGRAM FOR INVESTORS

The Fund provides preferential financing for early-stage high-tech projects that attract investment from accredited Fund investors.

The main goal of this initiative is to support existing and attract new investors in the Moscow innovative projects at the earliest stages, and support the startups receiving venture capital investments.

The information about all the investors currently accredited by the Fund is available at Our Investors.

STEP 1. ACCREDITATION APPLICATION OF INVESTOR

To cooperate with the Fund, the investor needs to pass the accreditation procedure aimed to demonstrate the experience and desire of investing in early-stage projects. The duration of the accreditation procedure can range from two weeks to 3 months, depending on the schedule of the Fund Expert Council and Governing Council meetings.

An accreditation application shall be filed by a person willing to become a partner of the Joint Investment Fund (an accredited investor).

An accreditation application shall be reviewed by the Fund Expert Council at a regular meeting. The investor shall be invited to a face-to-face meeting to introduce himself and answer the questions.

The accreditation application shall be reviewed by the Fund Governing Council at the next meeting in absentia (in the absence of the investor).

The Fund and the Investor shall sign a Cooperation Agreement establishing the limit of the funds to be allocated by the Fund for Investor's projects.

STEP 2+. PROJECT CO-FUNDING APPLICATION

Accredited investors may request from the Fund additional funding for the projects they invest in. The co-funding request procedure (from the application to the tranche receipt) usually takes from 1 to 3 months and depends on the innovative enterprise’s documents preparation.

The co-funding application shall be submitted by an accredited investor.

The application shall be reviewed by the Fund Expert Council at a regular meeting. The investor and the entrepreneur shall be invited to a meeting to introduce the project and answer the questions.

The Fund, the Investor and the Innovation Enterprise shall sign documents to receive financing.

The innovative enterprise, together with the investor, shall fill out an application for the investment loan transfer, on the basis of which the Fund shall transfer the loan funds to the enterprise account.

DOCUMENTS FOR DOWNLOAD:

STARTUP SEED PROGRAM

The Moscow Fund for Promotion of Venture Investment in Small Scientific and Technical Enterprises provides preferential loans to the Moscow innovative projects at the Seed and Pre-seed stages, which received financial support in the form of investments from the private investors that are the Fund's partners.

If you have an investor that is ready to invest money in your project, but is not the Fund's partner, this investor can become one: the Fund regularly accredits investors.

DOCUMENTS FOR DOWNLOAD:

IPO FINANCING

The Moscow Fund for Promotion of Venture Investment in Small Scientific and Technical Enterprises provides targeted preferential loans:

The main goal is to support the high-tech companies that attract investments through IPO at the Moscow Exchange.

The support includes the provision of preferential targeted loans in the amount of up to RUR 30 m.

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