Asia Seeks to Invest in Russian Innovation Technologies

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• Publié par: rvc-rusnano-skolkovo-foundation
• Nombre de lectures: 41
• Langue: English

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Asia Seeks to Invest in Russian Innovation Technologies

PR Newswire MOSCOW, September 27, 2012

MOSCOW,September 27, 2012/PRNewswire/ -- On 2-4 October the largest delegation of venture capital investors and heads of investor associations fromChina,Hong Kong,South Koreawill visit the Third "Global Innovation Partnerships" Forum inMoscow. 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 byRussia'slargest 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 andMoscowofficials,Russia'sleading innovation businesses, and visit RUSNANO and Skolkovo. Venture capital investors from the US,Israel,JapanandEuropeare 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 inRussiawill 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 visitedMoscowin 2011. These visits resulted in hi-tech investment projects of more than$1 bln. In 2011, 25 international funds invested$ 710 mlnin Russian innovation companies.Russia'sindustry 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: [phone] [e-mail] or [e-mail]