Central regions | Finance, business | Energy, utilities

RVC and North Energy Ventures to support cleantech

11 Nov '15
A fund with international capital has been set up in Russia to support early-stage projects in energy efficiency, renewable energy and cleantech. The founders include RVC, Russias national fund of funds for innovation, North Energy Ventures, an international VC fund, and a group of private investors, RVC announced.

The partners intend to eventually come up with a $16m fund, to be called North Energy Fund I Seed. RVC is expected to ante up the lions share of the total (more than 50%). Current plans limit the funds operations to ten years.

The new fund is expected to invest in 15-to-20 companies. Most of those will be tech projects developed by entrepreneurs in Russia, but support of transactions with leading U.S. and European funds is also possible. The average projected deal will be about $400,000, RVC said.

According to RVC, North Energy Ventures, headquartered both in Moscow and in California, wants to leverage its network of North American and Asian contacts in order to help the best Russian tech start-ups it will fund in their international market expansion. The VC partner is also ready to assist the start-ups in contacting potential customers, putting together pilot projects, developing international patent portfolios, and raising later-stage venture funding, RVC said.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: fund (746) / RVC (163) / energy efficiency (12) / North Energy Ventures (1) / North Energy Fund I Seed (0) /

Latest News: Central regions
18 Apr '18 | Technology & innovation
17 Apr '18 | Finance, business | Retail, FMCG
13 Apr '18 | Finance, business | Technology & innovation
11 Apr '18 | Finance, business | Technology & innovation
10 Apr '18 | Finance, business | Technology & innovation

Feature stories

3 Apr '18
In regions most of European Russians will hardly ever...
21 Nov '17
Russian scientists have come up with what they say is...
7 Sep '17
Search (News archive - 21228)
Independent Software Developers Forum
Marchmont News

Latest News

20 Apr '18
A special business incubator opened earlier this...
19 Apr '18
Scientists in Samara have come up with a new method...
18 Apr '18
Russian scientists have developed a device that can...

Most read stories from last week

20 Apr '18
A special business incubator opened earlier this...