Asia Seeks to Invest in Russian Innovation Technologies
Poster: SySAdmin
Posted on September 27, 2012 at 3:07:01 AM
Asia Seeks to Invest in Russian Innovation Technologies
MOSCOW, September 27, 2012 /PRNewswire/ --
On 2-4 October the largest delegation of venture capital investors and heads of
investor associations from China, Hong Kong, South Korea will visit the Third "Global
Innovation Partnerships" Forum in Moscow.
The delegation includes representatives of venture capital funds and private equity
funds managing over $60 bln. Management of the largest Asian investor associations - with
total joint funds under management exceeding $800 bln - will also visit Russia. Among the
participants: CITIC Capital Holding, SAIF Partners, CDH Investments, Northern Light
Venture Capital, Shenzhen Capital Group Co., Ltd, Sequoia Capital China, China Venture
Capital and Private Equity Association, STIC Investments and Korean Venture Capital
Association.
The Forum organized by Russia's largest development institutions RUSNANO
(http://www.rusnano.com), RVC (http://www.rusventure.ru) and the Skolkovo
Foundation (http://www.sk.ru) aims to assess the prospects for Asian investment in
Russian hi-tech projects. The Asian delegation will meet Russian and Moscow officials,
Russia's leading innovation businesses, and visit RUSNANO and Skolkovo.
Venture capital investors from the US, Israel, Japan and Europe are already operating
successfully in the Russian market. Russia is also interested in increasing cooperation in
this field with Pacific region companies. "Asian corporations take decisions based on
careful analysis. But once they made a decision, it is long lasting and successful,"
comments Viktor Vekselberg, Skolkovo President.
"Building relationships with Asian venture capitalists is very important to us.
Communicating with each other, understanding similarities and differences between our
practices in investment and management is the first and necessary step in creating
mutually beneficial business partnerships," said Anatoly Chubais, CEO of RUSNANO.
"The past two years have shown good growth in the Russian venture capital market. More
than 70% of the transactions in the Russian market were carried out with foreign equity
funds. Further development of the venture capital market in Russia will contribute to the
increase of investors' presence in the market, and expand their expertise," said Igor
Agamirzian, CEO of RVC.
In 2010 US venture capitalists visited Forum and European entrepreneurs visited Moscow
in 2011. These visits resulted in hi-tech investment projects of more than $1 bln.
In 2011, 25 international funds invested $ 710 mln in Russian innovation companies.
Russia's industry leaders in terms of venture capital investment in 2011 were information
and communication technologies, Internet-based projects.
http://www.globalinnovationpartnerships.ru
Contact:
Anna Ananieva
Moscow
FORUM "Global Innovation Partnerships-2012"
Tel./Fax: +7-495-640-46-50
a.ananeva@media-consulta.com or gipforum2012@gmail.com
RVC, RUSNANO, Skolkovo Foundation
MOSCOW, September 27, 2012 /PRNewswire/ --
On 2-4 October the largest delegation of venture capital investors and heads of
investor associations from China, Hong Kong, South Korea will visit the Third "Global
Innovation Partnerships" Forum in Moscow.
The delegation includes representatives of venture capital funds and private equity
funds managing over $60 bln. Management of the largest Asian investor associations - with
total joint funds under management exceeding $800 bln - will also visit Russia. Among the
participants: CITIC Capital Holding, SAIF Partners, CDH Investments, Northern Light
Venture Capital, Shenzhen Capital Group Co., Ltd, Sequoia Capital China, China Venture
Capital and Private Equity Association, STIC Investments and Korean Venture Capital
Association.
The Forum organized by Russia's largest development institutions RUSNANO
(http://www.rusnano.com), RVC (http://www.rusventure.ru) and the Skolkovo
Foundation (http://www.sk.ru) aims to assess the prospects for Asian investment in
Russian hi-tech projects. The Asian delegation will meet Russian and Moscow officials,
Russia's leading innovation businesses, and visit RUSNANO and Skolkovo.
Venture capital investors from the US, Israel, Japan and Europe are already operating
successfully in the Russian market. Russia is also interested in increasing cooperation in
this field with Pacific region companies. "Asian corporations take decisions based on
careful analysis. But once they made a decision, it is long lasting and successful,"
comments Viktor Vekselberg, Skolkovo President.
"Building relationships with Asian venture capitalists is very important to us.
Communicating with each other, understanding similarities and differences between our
practices in investment and management is the first and necessary step in creating
mutually beneficial business partnerships," said Anatoly Chubais, CEO of RUSNANO.
"The past two years have shown good growth in the Russian venture capital market. More
than 70% of the transactions in the Russian market were carried out with foreign equity
funds. Further development of the venture capital market in Russia will contribute to the
increase of investors' presence in the market, and expand their expertise," said Igor
Agamirzian, CEO of RVC.
In 2010 US venture capitalists visited Forum and European entrepreneurs visited Moscow
in 2011. These visits resulted in hi-tech investment projects of more than $1 bln.
In 2011, 25 international funds invested $ 710 mln in Russian innovation companies.
Russia's industry leaders in terms of venture capital investment in 2011 were information
and communication technologies, Internet-based projects.
http://www.globalinnovationpartnerships.ru
Contact:
Anna Ananieva
Moscow
FORUM "Global Innovation Partnerships-2012"
Tel./Fax: +7-495-640-46-50
a.ananeva@media-consulta.com or gipforum2012@gmail.com
RVC, RUSNANO, Skolkovo Foundation