Far East | Finance, business | Technology & innovation

New state-backed venture fund aims to invest $175m in Russia’s Far East

17 Nov '17
Three major Russian institutions—the Far East Development Fund, national fund of funds RVC and nanotech giant Rusnano—have ambitious investment plans for their new Far East venture fund that will support technology development in this far-flung Russian region.

Dubbed “Far East High Tech Development and Implementation Fund,” the new investment vehicle aims to develop innovation and deploy high technologies in Russia’s Far East. It has a target amount of nearly $175m, including half of this sum at the first stage.

The fund may invest up to $17.4m in each project, the source pointed out.

Meanwhile, RVC is planning to launch no less than 10 new venture funds across the regions to operate both locally and globally.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: Rusnano (422) / RVC (163) / Far East High Tech Development and Implementation Fund (0) / Eastern Economic Forum (0) /

Latest News: Far East
12 Jan '18 | Technology & innovation
17 Nov '17 | Finance, business | Technology & innovation
26 Sep '17 | Real estate | Technology & innovation
15 Sep '17 | Technology & innovation
 

Feature stories

21 Nov '17
Russian scientists have come up with what they say is...
7 Sep '17
26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
Search (News archive - 21208)
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

16 Jan '18
Primer Capital, a Russian venture fund, has invested...
15 Jan '18
Russian scientists have apparently found new ways of...
12 Jan '18
Scientists in the Amur region, in Russia’s Far East,...

Most read stories from last week

15 Jan '18
Russian scientists have apparently found new ways of...
16 Jan '18
Primer Capital, a Russian venture fund, has invested...