Non-profit organization “Fund for financial promotion of Skolkovo Projects” (VEB Innovations Fund) was established by Vnesheconombank at the end of 2011 to invest in high technology projects of the Skolkovo Innovation Center.

For the most part, the Fund’s activity is designed to contribute to the development of the Russian Government’s innovation programs, create an innovation infrastructure, raise high-risk (venture) investments for Russian innovation companies, assist in attracting foreign advanced technologies to Russia, promote Russian innovations to the world market and raise direct investments from international investors for Russia’s industrial-technological sector.

Vnesheconombank’s Supervisory Board approved the creation of a VEB-Innovations Fund in April of 2011. The Fund started operating in January of 2012.

The Fund’s mission:
• promotion of Russian governmental innovative programs,
• creation of innovative infrastructure in Russia,
• engaging foreign advanced technologies to the Russian Federation,
• promotion of Russian innovation to the world market.

Conditions of participation in the Fund:
• Membership in investment decision-making body;
• Veto right (if Fund’s equity participation exceeds 50%)
• Investment and Portfolio Status Reports every 6 months;
• Expected rate of return – IRR 20+%.

VEB Innovations Fund is looking for reliable foreign partners and investors in innovation projects in Russia. Please feel free to submit your questions and comments concerning eventual cooperation with the Fund to info@rysslandshandel.se

Download the presentation of VEB Innovation Fund here

Web-site: http://innoveb.ru/en/