A venture fund, established by the Seed Investment Fund of the Russian Venture Company (RVC)and TSU, has officially started its work. The investment partnership contract was signed on July 13. The size of the fund is 33.3 million rubles; the share of RVC is 75% and TSU’s share is 25%.
This is the first venture fund in Russia in which a university has been a direct participant as a party to the investment partnership agreement. The management company of the fund is the company DI-Group, specializing in investments of high-tech start-ups.
According to Evgeny Kuznetsov, among the priority areas of the new fund investments are bioengineering, biosynthetic, biosensoric, nano-, information, and cognitive technologies; basic technologies of power electrical engineering; technologies for creating energy-efficient transportation, distribution, and energy utilization; and others. The maximum investment of the fund in one project will not exceed 8 million rubles.
Igor Kovalev, co-founder of DI-Group, stressed that they are not acting as a managing company of the fund for the first time, therefore they know from the inside that the commercialization of scientific developments is a complex and time-consuming process.