RT Investment venture fund and Russian Venture Company create international venture fund
2 February 2012, Thursday
RT Investment venture fund and Russian Venture Company create an international venture fund for joining international venture funds. Such statement was made today by Tatarstan President Rustam Minnikhanov, Chairman of JSC “Russian Venture Company” board Ruben Vardanyan, and Director general of JSC “Russian Venture Company” Igor Agamirzyan at the forum “Russia-2012”.
IVF of the Republic of Tatarstan and Russian Venture Company have developed the plan of creating a joint fund with capital of 40 mln US dollars on a parity basis in Great Britain. A managing company of joint fund “RVC IVFRT Asset Management Inc.” is registered under jurisdiction of Delaware state (USA). ” Igor Agamirzyan is the President of RVC IVFRT Asset Management Inc. , Ainur Aideldinov – Director general. Office of RVC IVFRT LP is located on the territory of representation of Russian Venture Company in USA - Russian Venture Company USA Inc.
By creating such international fund IVF RF and RVF will get access to the most advanced practices of search, selection and realization of venture deals for using them at the Russian market and permanent presence at the international venture market among leading world funds. These world funds in their turn will have opportunity to enter domestic market.
According to Tatarstan President Rustam Minnikhanov creation of new fund is a very important event for Republic. “We understand only major international funds are able to solve serious tasks”, he said.
Head of Republic assured Tatarstan leadership would support the new fund. Ruben Vardanyan appreciated Tatarstan achievements in development of innovative economy.
Director general of JSC “Russian Venture Company” Igor Agamirzyan informed by signing this agreement partnership between RVF and Tatarstan would enter international level. The purpose of creating new fund is attraction of new technologies in Russia, including Tatarstan.
The fund will be functioning according to the standard regulations of venture investment by two sections, - joining leading world venture funds as a limited partner (first of all in Silicon Valley), and co-investment in technology companies at an early stage.
On 12 April in his address to residents of the republic, Tatarstan Prime Minister Aleksey Pesoshin congratulated them with the Space Exploration Day and said: “April 12, 1961 has forever been inscribed into the world history as the day of triumph of the Soviet science and engineering thought. The flight of Yuriy Gagarin opened the way to the stars for the humankind and demonstrated to the whole world the might of our country.
On 4 April , speaking at a closing ceremony of the XX Russian Venture Forum held at the Kazan Expo Exhibition Center, Tatarstan Prime Minister Aleksey Pesoshin said that the Russian Venture Forum has confirmed its status of the point of attraction of technological development leaders.
The Forum created a unified scientific, technological and investment space where scientific ideas are transformed into competitive products, and startups gain access to capital and markets. Its business programme is organically integrated into the regional and federal agenda for achieving technological sovereignty and leadership of Russia, he said.
On 1 April Tatarstan Prime Minister Aleksey Pesoshin and Russian Minister of Healthcare Mikhail Murashko introduced Ayrat Farrakhov, who was appointed the Acting Rector of Kazan State Medical University (KSMU) to its staff.
In his speech Mikhail Murashko emphasized that today KSMU is rightfully considered one of the most respected in the country and said:”Ayrat (Zakievich) has been officially appointed the Acting Rector and I am sure that under his leadership the University will maintain the positions it has achieved and, of course, will continue its development.”
On 31 March in the Government House of the republic Tatarstan Deputy Prime Minister Leyla Fazleeva hold a meeting of the Commission on the Russian language under the Rais of Tatarstan, which considered key issues of supporting and developing Russian language, including new educational initiatives and discussed programmes of popularization of Russian literature and activities to preserve the language heritage.
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