Russian venture fund Synergy Innovations has signed a business cooperation agreement with the science and research institute Central Geophysics Expedition on setting up a joint laboratory, NanoNewsNet reports.

Under plans, the venture fund is to finance the following research projects in the lab: development of management decision making systems for multi-object, multi-dimensional systems; projects on non-traditional sources of hydrocarbon materials; speech technologies, the project on creation of a role model on speech recognition for Call-centers; compression of analog data by 30 times with a mistake not exceeding 2%.

The Central Geophysics Expedition is the second science and research institute to have signed an agreement with Synergy Innovations in the last two months. Earlier the venture fund has signed a similar agreement with the All-Russia Institute of Agriculture Electrification.

The Central Geophysics Expedition provides full spectrum of geological and geophysics exploration research, including: analysis of the region’s or corporation’s resource base; design of a geological project for mining and exploration works; field material quality assessment and 2D-3D field processing of materials; processing and interpretation of sea and land seismic exploration 2D and 3D; building geological models of deposits; oil and gas reserves calculation; hydrodynamic modeling, feasibility study of oil recovery factor; drafting design technological documents for deposits exploration; forming documentation packages for protection of the feasibility study of oil recovery; monitoring of deposits exploration.

Synergy Innovations is a Russian venture fund which is a part of MFPA Holding. The Fund invests in companies and projects with serious scientific foundation that could change or break the market, alter existing approaches and ways to solve society’s problems. The priority investment areas include: information technologies, corporate software, SaaS-like software, Wi-Fi technologies; Internet projects on advertisement Internet-solutions and electronic commerce; energy saving and pure technologies, such as renewable energy sources and energy storage.