JSC "Russian Railways" signed an agreement on investments in the amount of 300 million rubles in the Industrial venture capital Fund under the management company "SKOLKOVO Venture investments". Investments in "Venture capital Fund SKOLKOVO — Industrial I" is part of a complex of JSC "Russian Railways" for the implementation of innovative domestic technologies to modernize the industry and increase its efficiency.
JSC "RZD" in cooperation with the Fund will analyze and select investments the latest technologies and solutions, including in such sectors as alternative sources of supply for rolling stock and infrastructure, unmanned means and technologies of monitoring infrastructure, monitoring technologies and modeling of the life cycle of infrastructure, IT platform for client services in the field of freight and passenger transportation and system optimization of transportation and logistics chains, taking into account the timing of transport and warehouse system.
"Venture Fund SKOLKOVO — Industrial I", created in 2017, RVK and "SKOLKOVO Venture investments", is the first Russian industry multicorporations venture capital Fund. The anchor investor of the Fund is RVC with a total investment of 1.5 billion rubles. The Fund is aimed at financing the resident companies of the SKOLKOVO Fund and the National technology initiative (NTI) in the field of Industry 4.0. In the technological focus of the Fund into the development in the field of robotics, additive manufacturing and new materials, unmanned technology, smart energy, and predictive Analytics and the Industrial Internet of things. The target size of the venture capital Fund is 2.5–3 billion rubles.
Andrew stark, Deputy General Director of JSC "RZD": "JSC "RZD" is a high-tech company interested in innovation. So we consciously took the decision to invest in a venture Fund managed by our colleagues from SKOLKOVO. They have a large number of competencies in the organization of such a venture startups. We hope that working together will be extremely successful and productive."
Vasily Belov, General Director of "SKOLKOVO Venture investments": "For us the accession of RZD to the Fund "Industrial I" — it is a great credit of trust from one of the largest Russian companies. On the basis of the Foundation is a unique partnership, in which Russian start-UPS creates an opportunity not only to investment in new developments, but also mentoring support to large corporations, as well as access to a huge market: the annual volume of the investment program of Russian Railways is about half a trillion rubles."
Alexey Basov, Deputy Director General, investment Director of RVC: "Transport, logistics, new technologies of transportation and delivery is a very promising industry, attracting a large number of entrepreneurs, and interest from investors. The partnership with Russian Railways opens to the Fund and its LP brand new opportunities for the examination of such projects and in synergy with one of the largest corporations in the field of transport. Thanks to the support of Russian Railways in the face of our Foundation venture capital market has received a new skilled player, focused on investments in the newest technologies in transport".
JSC "Russian Railways" is one of the largest rail companies in the world with huge volumes of freight and passenger traffic with high financial ratings, qualified specialists in all fields of railway transport, a large scientific and technical basis, project and construction capacities, and significant experience in international cooperation.
The company operates one of the largest railway systems in the world with a length of 85.5 thousand km, occupying a leading position for the length of electrified lines km of 43.7 thousand In the transport system of Russia JSC "Russian Railways" provides more than 45% of total freight turnover (including pipelines) and about 25% of passenger traffic.
The SKOLKOVO Foundation is a non – profit organization established at the initiative of the Russian President in September 2010. The aim of the Fund is the creation of an ecosystem favourable for entrepreneurship and research in the areas of: energy efficiency and saving, nuclear, space, biomedical, strategic computer technologies and software. The Fund entrusted with the management of Innovation center "SKOLKOVO", the activity of which is regulated by a special law granting special economic conditions for start-UPS, specially external technological expertise (now more than 1800). In 2017, the revenue of the companies-participants "SKOLKOVO" amounted to 79 billion rubles, the total revenue over the 8 years of the project amounted to 250 billion rubles. In startups there are more than 30 thousand people, including more than 5 thousand on the territory of "SKOLKOVO". More than 1,300 patented designs and technological solutions. An important part of the ecosystem "SKOLKOVO" is a research University, the SKOLKOVO Institute of science and technology (Skoltech) established and operating with the support of the Massachusetts Institute of technology. The infrastructure construction of IC "SKOLKOVO" at the expense of the Federal budget completed (built Technopark, University, School, road and engineering infrastructure). Commissioned 500 thousand square meters In the next 3 years this figure will double. Website: www.sk.ru
The SKOLKOVO Foundation
Tel/tel.: +7 (495) 956 00 33, EXT./ext. 2657
Skolkovo Ventures will receive RUB 300 million from the Railways
After the United aircraft Corporation and "Helicopters of Russia" investor of the Skolkovo Fund industrial Ventures will be the Railways. The state monopoly is ready to invest 300 million rubles, hoping to apply in its activities of technology start-UPS in the field of video Analytics and augmented reality.
The CEO of "SKOLKOVO venture investments" Vasily Belov. Photo: Sk.ru
Russian Railways and Ventures Skolkovo signed an agreement involving investment of state monopoly in the venture capital Fund, told "Kommersant" Deputy Director General of Russian Railways Andrey Starkov and CEO of "SKOLKOVO Venture investments" Vasily Belov. The amount of Deposit of OAO RZD in Skolkovo Ventures will amount to RUB 300 million According to Vasily Belov, are already pre-approved investments in two companies, the development of which is applicable for implementation in the railway monopoly. "One project deals with videoanalitiki and control production processes, another company on the basis of the technology of augmented reality allows for remotely commissioning of complex equipment," he said.
State-owned companies are already cooperating with Skolkovo Ventures. In October 2017 the United aircraft Corporation has announced plans to invest in the Fund up to RUB 300 million may 31 SKOLKOVO agreed investments worth 300 million rubles. "Russian Helicopters". Anchor investor is the Russian venture company (RVC), which will provide 1.5 billion rubles, and the target Fund size is 2.5–3 billion rubles.
The priority areas for the Skolkovo Ventures — robotics, additive technology and new materials, unmanned technology, smart energy, and predictive Analytics to industrial Internet of things, said the representative of "SKOLKOVO". In each project Skolkovo Ventures will invest 100-200 million rubles., thus, it is planned to invest in about 15 companies. "We have, in fact, a unique position on the market because it provides such broad access technology implementation of high-tech startups, of which there is none. All participants provide opportunities for running, implementing and scaling solutions to portfolio companies through its business," a satisfied Mr. Belov.
In fact, Skolkovo Ventures brings together corporate investors, not competing, says investment Director Maxfield Capital Alexey Toknow. This model works accelerator Startupbootcamp partner is a subsidiary of Swiss Federal Railways SBB Cargo, he said. There are other examples: at the SPIEF-2018 RUSNANO, RVC and the Fund of development of the Far East and the Baikal region signed an agreement on the formation of the far Eastern Foundation for the development and implementation of high technology with a volume of 5 billion rubles., there is also a joint Fund Sistema and RUSNANO Rusnano Sistema, adds shareholder Run Capital Andrey Romanenko. The funds, created several corporations, their primary goal is to see the development of the industry as a whole and not pursue corporate objectives, and this model is still not very common, said Mr. Romanenko.
Compact complex traffic control VOCORD MicroCyclops that automatically recognize license plates of vehicles, measure the speed and fotofacial of traffic violations, was developed by the company "vokord" resident Fund "SKOLKOVO", the press service of the Fund.
"The decision of the resident "SKOLKOVO" - is a continuous path of innovation. He is continuously improving their projects and entering new markets and niches which will allow Russian to become a leading innovation in the world. The company's product VOCORD, one of the leaders for the future of video Analytics in the Fund, confirms this thesis," - are reported words of the head of "Robotics and artificial intelligence" of the it cluster Fund "SKOLKOVO" Paul Krivozubov.
VOCORD MicroCyclops allows you to control traffic flow at intersections and railway crossings. The device includes an integrated video camera VOCORD NetCam with a fully managed lens, built-in camera GPS/GLONASS receiver, pulse infrared illuminator. The product can be connected multi-purpose radar speed measuring devices (radar) mounted to the body.
All data handling, number recognition and fixation of violations is carried out directly in the camera on the NVIDIA Jetson. Thus, the device does not require any external servers.
"Company "vokord" continuously and consistently improving its technical means and technologies that encourage the development of government programs to reduce accidents on the roads. Our vandal-proof compact solution VOCORD MicroCyclops, thanks to monoblock performance and low power consumption, promises to become the market leader among precision complexes fotovideofiksatsii violations," - said the technical Director of the company Alexey Kadeishvili.
Distinctive features of the VOCORD MicroCyclops are low power consumption and low requirements for data transmission channels. Due to this, the system can operate in fully Autonomous mode with power supplied by solar panels and data transmission over wireless communication channels (3G/4G). Low weight, small dimensions ensure ease of installation. Complex controls up to four lanes in two directions. VOCORD MicroCyclops captures all of the vehicle (the vehicle), crossing the line of control, automatically determines the speed, while the measurement error is not more than 2 km/h.
The company "vokord", the Russian developer and manufacturer of professional video surveillance systems and biometric identification technology based on artificial intelligence, founded in 1999. In the portfolio of the company: system, face recognition, intelligent video surveillance, photo and video fixation of violations of traffic rules and Analytics traffic flows, and audioregistration on the basis of which it has successfully implemented a complex geographically-distributed projects. System VOCORD implemented more than 2000 projects of commercial and state organizations and more than 70 projects of "Safe city" in Russia and abroad. The company is actively engaged in new technological developments in the field of video analysis: computer vision, pattern recognition, analysis of video streams, video Analytics and situational others.
Well-known venture investor and entrepreneur Sergey Solonin has invested 220 million rubles in IT-the Fund "SKOLKOVO Venture investments". The signing of the agreement took place in the Innovation center "SKOLKOVO", the largest in Russia and CIS conference for startups in Startup Village. Earlier Sergey Solonin became part of the Investment Committee of the Fund.
This is not the first involvement of the Fund in October 2017 on their investment in the Fund was announced by the IBS company and the Fund Gruzdev family. In total, they invested 200 million rubles. At the moment the size of the Fund is 2 billion rubles. The Fund is administered in conjunction with iTechCapital.
Visitors to the Startup Village conference in 2018. Photo: Sk.ru
Sergey Solonin, venture investor: "the Fund Skolkovo Digital — noticeable player in the venture market with a clear positioning. The first transaction of the Fund shows that among the residents of the "SKOLKOVO" there are interesting investment-attractive company. In addition, the "SKOLKOVO" together with iTech Capital can create significant value for portfolio companies of the Fund".
IT is the Fund "SKOLKOVO Venture investments" is aimed primarily at start-UPS for SKOLKOVO and NTI in the field of Finance, new digital technologies for the education markets and advertising with applications of innovations in the field of artificial intelligence, big data, etc.
In June of 2018 the Fund plans to announce the first two closed trades for a total sum about 250 million roubles — these means will be invested in promising start-UPS. It is expected that by the end of 2018, in total the Fund invests in high-tech companies about 750 million rubles.
Vasily Belov, General Director of "SKOLKOVO Venture investments": "as part of our it Fund we tried to create conditions that will allow you to use the benefits of the ecosystem "SKOLKOVO", the financing of the Russian venture company and will be comfortable to invest individuals. Sergey Solonin is known for its active investment strategy and is one of the most successful investors in FINTECH in Russia. His participation in our Fund — confirmation that we are to create the conditions failed."
The SKOLKOVO Foundation is a non — profit organization established at the initiative of the Russian President in September 2010. The aim of the Fund is the creation of an ecosystem favourable for entrepreneurship and research in the areas of: energy efficiency and saving, nuclear, space, biomedical, strategic computer technologies and software. The Fund entrusted with the management of Innovation center "SKOLKOVO", the activity of which is regulated by a special law granting special economic conditions for start-UPS, specially external technological expertise (now more than 1800). Total revenue of the companies — participants "SKOLKOVO" for the period 2011-2016 exceeded 147 billion. They created more than 27 thousand jobs, more than 1200 patented designs and technological solutions. An important part of the ecosystem "SKOLKOVO" is a research University, the SKOLKOVO Institute of science and technology (Skoltech) established and operating with the support of the Massachusetts Institute of technology. By 2020, SKOLKOVO will be built over 2 million square feet of industrial, office and residential space in the Innovation center will work at least 35 000 people. Website: www.sk.ru
The SKOLKOVO Foundation
Tel/tel.: +7 (495) 956 00 33, EXT./ext. 2657
Co-chair of the SKOLKOVO Foundation, Arkady Dvorkovich at the International economic forum in St. Petersburg said that needs to be done to the digital economy development in Russia
The key tasks of the state in the near future will be regulation, infrastructure development, network security (cybersecurity), education and training of professionals for the digital economy, and build partnerships to create end-to-end technology platforms. These five things Dvorkovich, a performance which retells the newspaper "Vedomosti", called the "pillars of the digital economy".
Arkady Dvorkovich. Photo: Sk.ru
Co-chair of the SKOLKOVO Foundation, noticed that all five areas is not a business. "It is the function of the state in partnership with business, our aim is not to earn money", - said Mr. Dvorkovich. According to former Deputy Prime Minister, the government needs to make created as a result of the technology available to all: citizens, organizations, companies.
"The government should do this with minimal cost to the taxpayers," he says. Further, according to Arkady Dvorkovich, on this basis, one can earn and do business. "The fact that these five pillars do not constitute a business and making money is not the main purpose, gives the opportunity for international partnerships, including with the European Union, EurAsEC and other international organizations", - said Arkady Dvorkovich. This will allow you to move as efficiently as possible, he concluded.
The company "SKOLKOVO Venture investments" took first place in the nomination "the Best consultant on the market for VC" version of Russia VC Awards.
The founders award is an information-analytical portal PREQVECA (part of Cbonds group).
General Director of "SKOLKOVO Venture
investments" Vasily Belov. Photo: Sk.ru
The competition jury making a decision, noted that the company is the most active player in the investment advice technology companies. In particular, over the past year, nine start-UPS have attracted investments with the assistance of the "SKOLKOVO Venture investments".
"We are pretty young company, but already occupy a leading position in the market, said Sk.ru General Director of "SKOLKOVO Venture investments" Vasily Belov. From April 2016, we attracted more than 2.7 billion rubles in start-UPS in the form of investment. About 20% of the total venture capital market accounts for transactions of the company."
Just running "SKOLKOVO Venture investments" three funds focused on work in the industrial sector, IT and technology in the agricultural sector. The size of each Fund — from 2.2 to 3 billion rubles.
Sverdlovsk regional entrepreneurship support Fund warns entrepreneurs that, in recent years, cases offers businessmen services paid for microloans from various consulting companies. The Fund has no relationship to these contractors all the advice on the preparation of applications specialists from the regional Fund provided absolutely free of charge.
Since the end of last year in the regional support Fund introduced a system of client managers and now to each owner interested in receiving financial support, is assigned a personal consultant, he assists and advises on all issues in a convenient format: in person, by phone, via e-mail. Quickly ask any question via online chat on the website of the Fund.
"To pay for the services of third party organizations in preparing applications there is no need. We are ready to help entrepreneurs in the preparation of documents and answer all the questions. Plus we already have precedents when the contractor was preparing a bid with numerous errors, lost documents, and there is a risk of providing inaccurate information and responsibility in the future to the Fund and all Supervisory structures will be borne by the entrepreneur," - said the Director of the Sverdlovsk regional Fund Yevgeny Kopelyan.
Microloans are one of the types of financial aid that provides the Sverdlovsk regional Fund. Entrepreneurs working for more than a year, can get up to 3 million rubles at 10% per annum, and the business was less than 12 months ago, have the opportunity to receive up to 750 thousand rubles at a fixed rate of 10% per annum. To calculate the probability of receiving a microloan, you must fill out a short application form on the website: www.mf.sofp.ru.
We will remind, by results of work for last year, the Sverdlovsk regional entrepreneurship support Fund won a Federal award in the field of microfinance and was recognized as a "Leader of innovation in microfinance 2017". In just 2017, the Foundation provided 231 loan 339,1 million rubles.
The Fund for the promotion of innovation announces the start of applications collection for the competition, aimed at supporting the implementation of action plans, and National technology initiatives (roadmaps STI). The application deadline is 8 approved road maps: AERONET, AutoNet, Neuronet, Energinet, Marinette, Elsnet, Tekhnet and Sectarian movement. The budget allocated by the Government Fund for the implementation of STI in 2018, amounts to 3 billion rubles.
The contest "the STI" is targeted at enterprises successfully producing its own high-tech products have positive economic and financial history and protected intellectual property on the subject of the project. The maximum grant amount for the contest is 20 million rubles under the condition of extra-budgetary co-financing of at least 30% of the grant amount.
Small businesses are registered no longer than three years and not previously received financing of the Fund can participate in the new competition "Start-NTI" and in case of victory, to receive a grant in the amount of 3 million rubles. The competition is aimed at start-UPS seeking to develop and master the production of new goods, technologies or services to create and development of high-tech markets. The selection will take into account the use in the course of the project technologies of the digital economy.
"National technology initiative should lead to a breakthrough of Russian companies in promising new markets, where they will be able to take a leading position in 10-15 years. New contest "Start-STI" will be in demand tech startups who are just starting their projects focused on the markets of the future. We plan to take at least a hundred young teams and are awaiting their interesting projects with the potential to set the trend for modern branches of science," - said General Director of the Fund Sergey Polyakov.
Grants Fund teams are able to advance their studies, to take the first important steps and prototype development. In the end, they get a specific result, which can then qualify for even more funding from other development institutions and venture capital investors.
The Fund of assistance to innovation — state non-profit organization that provides support to small innovative enterprises and to enhance the effectiveness of their cooperation with large industrial companies. The Foundation implements innovative development programs aimed at creation of new and development of existing high-tech companies with the possibility of co-financing of projects. The Fund has representatives in more than 70 regions of Russia.
Contact information:Press Secretary: Khandogin Darya Vladimirovna,+7 (495) 231-1906#108, email@example.com
Sverdlovsk venture Fund for the first time held an open meeting of the investment Committee in the format of meetings of investors and projects. The objective of these measures is to give broad expert evaluation of the submitted ideas and determine which projects can be modified to the venture investment Fund and private investors.
The development of high-tech enterprises is one of the priorities for economic policy in Sverdlovsk region. Governor Yevgeny Kuyvashev has repeatedly stressed the need to develop supporting innovation and integrating them into the business.
Just at the first meeting of the investment Committee were considered 8 projects. Experts were made by the representatives of development institutions (the Sverdlovsk regional entrepreneurship support Fund, Technopark "University" Foundation "AGATE"), private investors, portfolio companies of venture capital Fund representatives "Support of Russia". After the defense all participants received feedback from each expert, which will allow to Refine the weaknesses and to build the vectors in the following steps.
"After the investment Committee staff of the venture capital Fund will hold bilateral meetings with each participant and based on the comments of experts will help them create a road map for further development. Not all projects require venture capital investment, many need proper packaging, partnering with a large enterprise or just borrowed Bank resources. But even if we understand that the project is not the profile of a venture Fund, we will still try to help the authors. For example, one of the projects already agreed to meet with the regional support Fund for the discussion of preferential investment crediting", - commented the Director of the Sverdlovsk venture Fund Denis Buffoons.
At the meeting of the investment Committee were presented projects from different fields: IT, education, industry, aviation, medicine. After the presentations, the experts chose the three most interesting projects, they are: the production of elastic titanium implants, manufacture of air handling units "Aerolizer" controlling the quality of indoor air, and manufacturing of unmanned aircraft systems with a wide range of applications.
It is expected that these investment committees will be held regularly - once in two months. The authors of the projects can contact the Sverdlovsk venture Fund. All information and contacts are available on the website www.sofp.ru in the section "Attracting investment".
We will remind, the Sverdlovsk venture Fund was established in 2006 with the participation of the Ministry of economic development of the Russian Federation and the government of the Sverdlovsk region according to the model of public-private partnerships. In 2014, the venture Fund started to implement a new investment program. Total assets of the Fund at the end of last year – 227,9 million rubles, the maximum investment in a single project – 23,4 million roubles, prerequisite: co-investment at least 50% of the amount of the Fund's investments. For 2017, the Foundation provided financial support to 4 projects totaling $ 141,1 million rubles.
Venture financing is a long — term (3 to 7 years) and high risk investments. Most such start-UPS focused on innovation, allowing companies to quickly develop and justify investments.
International center of Sverdlovsk regional Fund of entrepreneurship support organized a business mission to Germany for representatives of light industry of the region. The result of visiting the international exhibition was one company agreement of cooperation with a leading manufacturer of sportswear company Fischer (Austria).
The regional Fund has organized a business mission of representatives of light industry International trade fair of goods for winter sports ISPO 2018, held in Munich (Germany). Thanks to the attendance of the Director of the tailor's manufactory "SHISHKIN" Dmitry Shishkin has managed to negotiate a cooperation with the company Fischer. According to the agreement, the production company visited the head of the company Fischer, currently signed export contract. Product of the Ural manufacturer enters European market.
"The business mission is an opportunity for small and medium businesses to claim their opportunities to enter into negotiations with the world's largest brands to continue to deliver its products to international markets. This year the planned business mission of entrepreneurs in countries such as China, Vietnam, Uzbekistan, Kazakhstan, Belarus, UAE", - said Ekaterina Sinitsyna head of Department of projects of the international activities of the Sverdlovsk regional entrepreneurship support Fund.
In addition to organizing business missions and participation in exhibitions of the international center of the regional Fund has been using the output of enterprises on exports of products, namely product certification, patenting, search of partners, adaptation of sites and preparation of presentation materials.
"Thanks to the regional Fund, we were able to present the exhibition in Munich their achievements, which we did for the last two years. To meet and hold talks with leading international manufacturers of sports clothes and eventually sign an export contract for tailoring products for Fischer. For them we sew today buffs, hoodies, vests, t-shirts, planned tailoring ski clothing for the season of 2019-2020. Today, the volume of our export is 30%, by the end of the year, we expect that this percentage will increase to 50%", - said Dmitry Shishkin, Director of the tailor's manufactory "SHISHKIN".
For the 2017 International center of Sverdlovsk region organized the participation of 77 companies 11 business missions to Hungary, Vietnam, Germany, India, Kazakhstan, China, Turkey. According to the results of external events in 2017 a total of 30 export contracts with entrepreneurs of the region.
Business missions for entrepreneurs of the Sverdlovsk region are carried out regularly, to see the detailed calendar on the official website of the Sverdlovsk regional entrepreneurship support Fund www.sofp.ru in the section "Events".
The SKOLKOVO Foundation is stepping up obtaining foreign patents of the Russian companies, reported "Interfax" the head of patent practice intellectual property center SKOLKOVO Foundation Dmitry Boilers.
"We hope that this year the SKOLKOVO Foundation will double the number of foreign patents obtained by companies that are registered with us, and those who turn to us for help and support. In General, it will be more than 100 patents," said D. Boilers in the framework of the International strategic forum on intellectual property - IPQuorum 2018.
Head of patent practice, intellectual property center SKOLKOVO Foundation Dmitry Boilers.
According to him, among the obtained patents are dominated by patents related to IT solutions, pharmacology, as well as being at the crossroads of medical technology and IT innovations, in particular, the automation of processes that were previously carried out by doctors and medical staff.
Also are patented and different engineering solutions demanded by various sectors of the economy: new energy sources, new types of solar cells, wind turbine unusual structures and others, added D. Boilers.
"The growth in the number of patents is primarily associated with large grant support from the SKOLKOVO Fund entrepreneurs and businesses. Funds are allocated not only to the legal and documentary support, and participation in international exhibitions. Of particular importance in that the support has a working prototype of the patented proposals. Investors it is at this moment pay close attention, asking about the real use of the invention", - said the representative of the Fund.
He also stressed that the interest of foreign investors to Russian projects and technologies that were implemented or only appear in "SKOLKOVO", is markedly enhanced if the company has patent decisions and patent protection.
"In this case, the communication is quite substantial and usually has a positive result," - concluded D. Boilers.
The project unmanned vehicles can be launched at SKOLKOVO this autumn, said the Chairman of the management Board of the SKOLKOVO Foundation Igor Drozdov in the international strategic forum on intellectual property — IPQuorum 2018 in Kaliningrad on Wednesday.
"I will not disclose all secrets, but there is a plan this fall to open a small unmanned line from one point to another city SKOLKOVO. This should not be the test line, and the real route, which would benefit people from residential areas," — said Drozdov.
Igor Drozdov. Photo: Sk.ru
In SKOLKOVO there is a testing ground for such vehicles. Many companies use it to test cars and trucks.
"One of the companies SKOLKOVO has developed a technology of unmanned vehicles in open pits for mining. It is already used in Kazakhstan and Belarus," — said Drozdov.
According to the Chairman of the Board, the problem of unmanned vehicles is not that he is missing, and that society is afraid to change the law, because he feared for the safety of citizens.
74,7% of the reserve Fund of the government of the Russian Federation for this fiscal year is actually spent in the first quarter of 210,7 billion rubles decisions on the expenditure of 157.3 billion rubles half of the funds distributed to the regions, the rest — on a variety of ongoing projects, from subsidies to greenhouse complexes of "Russian seasons in Italy." The new government may in reserve will be no more than 53.4 billion RUB under any major emergency, the decision will require the actual revision of the budget.
As it became known"", one of the last meetings of the government at the end of March were discussed, including official reserve cost the White house — government's reserve Fund. We will remind, the Federal law on the budget for the 2018-2020 years the volume of reserve Fund (he has no relation to the contingency Fund of the Russian Federation, which existed in the budget of the structure to the end of 2017 and is now merged with the national welfare Fund NWF) was extremely small — it's 52.6 billion RUB Typically the White house during the fiscal year disposed at least RUB 100 billion of spending earmarked for urgent and emergency needs, decisions on the spending of the money are taken or orders of the Prime Minister, or regulations and orders of the government.
The President also has in its budget reserve Fund, while, according to analyst 2016-2017 documented by the orders of Vladimir Putin taking into account the closed part have used up to 0.5 trillion rubles. per year (formally the President's Fund was also made about 100 billion roubles per year). Reduced government reserve Fund in 2018 was due to the fact that it is in 2018 listed 150.9 billion rubles. "carryover" — including 72.9 billion RUB unclaimed targeted transfers to the regions. However, according to the certificate of the Ministry of Finance, prepared for the meeting, as of February 28, the reserve remains almost the same as the allocated budget for 2018,— "free" means it remains 53.4 billion RUB.
Pure "pre-election" spending government Fund is small, although it is, apparently, the largest item of expenditure. RUB 36.7 billion went to subsidies to the regions to encourage growth of the tax potential (i.e. at the regional government investment), 20 billion roubles— on support of balanced budgets (usually due to a lack of money because of the need to fulfill may decrees), 10 billion rubles— to repair children's clinics. Unsatisfied there were requests for rendering of the financial help to subjects of the Russian Federation 18.5 billion rubles, of which the Ministry of Finance recognizes the rationality of payment filings is only 3 billion rubles. Among the motives of receipt by subjects of help — "force majeure" and "termination in 2017, the powers of the Supreme official of the subject of the Russian Federation", that is, some part of funds are needed for overcoming the legacy of a retired Governor.
In conventionally "non-regional" (mostly the funds are still being spent in the regions) part of the spent very large for articles no. Under "other events" the largest costs are predictable, they appear in almost all such documents RUB 12.2 billion to the automobile industry, 10 billion rubles for "direction "Cooperation and exports,"", 6 billion rubles to support the project "Sukhoi Superjet 100", 7 billion rubles to agriculture (of which 5 billion rubles in subsidies to builders of greenhouses), 5 billion rubles to VEB to support agriculture. RUB 3.3 billion in support of the project "Digital economy". In the field of medicine, the largest overheads to 4.4 billion RUB on the development of palliative care (hospices), 3.5 billion rubles to connect medical institutions to the Internet, 2.5 billion rubles for the training of doctors. For the most part, nearly 80 billion rubles "outside" of the money went on the little things — that "individual activities of the foreign Ministry of the Russian Federation" (1.2 billion rubles), and power lines in the Chukotka region (3 billion roubles) and "Russian seasons in Italy" (0.2 billion RUB).
In the list of expenses the reserve Fund of the White house, we will note, managed to get the first costs for the fire in the "Winter cherry" in Kemerovo — March 26, for the purpose allocated 80 million rubles to Note, the reserves of the White house on three quarters of 2018 is very small, and now for their increase in case of an emergency will require a budget revision. Meanwhile, in contrast to the regions, the ministries have an unmet formal request for expenses in the Ministry of Finance to 379.5 billion roubles Note, this is a minor amount, and many of them will be satisfied in the spring and summer of 2018, presumably the revision of the budget — however, it is unknown whether he will provide a second round of filling the reserve already for the new government.
© Newspaper "Kommersant" №56 from 03.04.2018
The microcredit Fund of the Saratov region continues to implement a whole range of preferential credit programs to support small and medium enterprises. To 2018 provides a plan for issuing loans at a rate of from 7 to 9.5% at least 145 million.
"Today, the Foundation focuses on the development of entrepreneurship in the real sector of the economy. In the total volume of loans increased the share of agricultural enterprises from 22% to 31%. The share of enterprises of the production sector also shows a steady increase from 15 to 23%. For the sphere of services to population, this figure had reached 23%, — said the first Deputy Chairman of the regional Government Vadim Aikin. — The most active have the support of the entrepreneurs of Saratov, they take over 45% of all loans, followed by Engels, Balakovo and Volsk areas".
In 2017, the Fund issued 139 loans totaling 143.7 million rubles. So, for example, a manufacturer of polymers Vyacheslav Biryukov a microloan in the amount of 3 million roubles have been spent for the construction of the own transformer substation. This allowed to increase production capacity, making revenue for the year increased by 71%, and in the production of 5 new jobs.
Rating Agency "Expert RA" in November 2017, affirmed the reliability rating of the Fund of microcredit on the level of A+.mfi (very high reliability) with a stable Outlook.
"Without the support of the microcredit Fund I would not have been able to renovate space and purchase equipment to bring their work to a new level. In 2015, when I took out a loan, banks offered rates of 25% and above. Of course, in these circumstances, the Fund's programmes were, and many remain today the only salvation. Moreover, these funds can be spent on any purpose for the development of the enterprise: the purchase or repair of machinery, equipment, procurement of consumables, replenishment of working capital. I believe that the capital of the Fund of microcredit should be increased so that he could maintain as much as possible the number of entrepreneurs", — said the owner of the Barber of Novouzensk Olga Dementieva.
The Ministry of economic development of the region
The total capitalization of venture capital funds rose by 8% and reached 4 billion U.S. dollars
Russian venture capital Association (RVCA) in partnership with the Venture investment Fund (VIF) has prepared a study of the Russian market of direct and venture investments for 2017. The study is conducted annually with the support of RVC. According to the results, for the first time in 2013 in Russia was marked by positive dynamics of the total capitalization of venture capital funds: the increase is around 8% or 290 million U.S. dollars.
Capital market: a positive vector
In 2017, the Russian venture capital market for the first time in 2013 showed a positive trend. Cumulative number of venture capital funds grew by 10% (before that, the largest growth was demonstrated in 2014 – 6%) and amounted to 194 of the Fund. This is not to say that the positive dynamics is due only to the increase in the number of new funds on the market – this figure has remained relatively stable over the past four years and ranges from 22 to 28. It is more about the completion of substantial outflows of existing funds from the market. If annually, starting in 2013, eliminated an average of 17 funds, while in 2017 this figure was only 5 funds.
Positive dynamics is observed in the amount of capital funds. After continuing in 2013, falling market for the first time demonstrated the growth: at the end of 2017, the aggregate amount of capital operating in the market of venture capital funds increased by 8% and reached 4 billion U.S. dollars.
It should be noted the continuing active position of the state, which in 2017 accounted for nearly a third of the amount of capital of the market and just over 20% of the total number of venture capital funds. A similar proportion holds in the statistics of new venture capital funds – of the 22 players the newcomers to the state can be attributed to the 4 foundations (18%).
While venture capital funds with state participation remain the dominant source of venture capital investment for startups outside the sector of information and communication technologies: 89% of them are focused on investments in the real sector of the economy or the industry have mixed preferences.
Investment transactions: the balance point
After 2013 the outflow of capital and review by the funds ' investment strategies have significantly reshaped the landscape of the venture capital market. The caution of investors has been reflected in the revision stage preference towards more Mature stages, and the "average bill": if in 2012 and 2013, the average volume of investment was 2.7 and 1.5 million dollars respectively, starting from 2014, it stabilized and fluctuates at the level of 0,6-0,8 million dollars.
A characteristic indicator is the investors search for new growth points. In 2017, the sector of information and communication technologies, while remaining traditionally the leader of the industry preferences of investors, still much lost ground: its share in the total volume of investments decreased by 21% compared to the previous year and amounted to 58%. On second place came the industrial technology sector – it accounted for 22% of the total investment. Investments in biotechnology amounted to 7% of the total investment.
Only in 2017, has invested 125 million USD in 178 companies, which is quite comparable to 2016 (125 million U.S. dollars and 204 of the company, respectively).
"Upheavals of the first post-crisis years gave way to a confident stabilization indicators that gives market participants a reason for an optimistic view on its future. At the same time, risk factors may be the relative unavailability of foreign capital, and redirect the geographical focus of a number of Russian funds to foreign markets in search of new industry growth points: blockchain, virtual reality, etc.," said the Executive Director of RVCA Albina Nikkonen.
"After three years of recession, the venture capital market has found a point of balance for the first time since 2013, stopped the decline in capital venture funds. However, in absolute scale venture capital industry in Russia is still quite compact. For the transition to a new stage of development have to solve a number of problems, one of which is the increased supply of venture capital, including at the expense of big business, business angels, private pension funds. Given the now created incentive for industry we expect the positive dynamics to 2018," commented the General Director of RVC Alexander Povalko.
Full version of study available at the link.
About the "market. Direct and venture investment"
The review of the market of direct and venture investments, published annually by the Russian Association of venture investment (RAVI) in 2004, to date, is characterized by the most complete and authoritative statistics on the Russian market. To prepare experts RAVI and VIF is annually held large-scale research of the market of direct and venture investments, which included a survey of leading investment structures, working in this field.
RVCA (Russian venture capital Association) - a professional Association of representatives of venture funds and private equity funds. The RVCA activities are aimed at formation and development of the Russian market of direct and venture investments and the establishment of necessary conditions for its development.
VIF non-commercial organization with state participation, which is created for development of competitive technological potential of Russia. The main objective of VIF is the formation of organizational structure of system of venture investment in accordance with the approved by the Government Commission on science and innovation policy the main directions of development of extrabudgetary funding high-risk projects (the system of venture investment) and the organization of attracting investments (including foreign) in high-risk high-tech innovative projects.
JSC RVC — the state Fund of funds, Institute of development of venture industry in the Russian Federation. The main objectives of activities of JSC "RVC": to stimulate the creation in Russia own industry of venture investment and the performance of the functions of the Project office of the National technology initiative (NTI). The authorized capital of JSC "RVC" is more than 30 billion rubles, 100% of the capital belongs to the RVC Russian Federation represented by the Federal Agency for state property management of the Russian Federation (Rosimushchestvo). The total number of funds created by JSC "RVC", reached 26, their total size — 35.5 billion rubles, the Share of JSC "RVC" — 22.6 billion RUB Number of approved investment funds RVC innovative companies has reached 218. The total volume of approved investment funds — 17.9 billion rubles