Central regions | Technology & innovation | Finance, business

Russian Venture’s VC funds prioritize biomed, $83m invested

24 Nov '11
Venture capital funds, in which Russian Venture Company (RVC) has major stakes, have invested about $83m in biotech and medical equipment projects so far, RIA Novosti reports, citing RVC CEO Igor Agamirzyan.

According to Mr. Agamirzyan, biomed is a priority for all RVC-spawned VC funds.

The funds have invested a total of $280+m in all technology projects, he added.

Russian Venture Company is a government-owned ‘fund of funds’, one of the Russian government’s key instruments in creating a new innovation economy.
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