Government of the Republic of Northern Ossetia – Alania and the Russian Venture Company have signed an Agreement on cooperation in carrying out joint projects in the sector of development of innovative activity and creation of venture investment industry in the region, RVC reports.

The document was reportedly signed by Nikolay Khlyntsov, the Chairman of the Government of the Northern Ossetia, and Igor Agamirzyan, the head of RVC, at the 10th International Investment Forum Sochi-2011.

The agreement goal is the parties cooperation is to develop innovative activity and create venture investment industry in the Republic of Northern Ossetia, as well as to ensure interaction between the Northern Ossetia and other Russian regions.

By signing the agreement, the parties have agreed to cooperate in the following directions: assistance in forming venture funds in the Northern Ossetia; organization of specialist training for venture industry on the base of colleges and universities; forming partnership network of the RVC in the Northern Ossetia based on the existing innovation structures; building and development of efficient innovative infrastructure; realization of innovative projects, and searching for the most perspective innovation projects and transferring information on those to venture funds and investors; monitoring, analysis and exchanging information on investment activity of venture funds and innovation firms; creation of the single information space for participants of the market of innovation and venture industry; development and strengthening of interregional and international relations of Northern Ossetia in the innovation development sector.

The parties are to develop cooperation through exchange of ideas, information, experience, joint seminars, science conferences, regional practical consulting sessions, joint projects and other cooperation forms in the sector of development of innovation activity and venture investment.

It is important to notice that the Agreement, signed on September 17, is a sort of a milestone for the Russian Venture Company on two aspects. Firstly, the agreement with the Government of the Republic of Northern Ossetia is the first agreement of the Russian Venture Company with a region from the Northern Caucasus Federal District. Secondly, with this agreement, the Russian Venture Company now has partner-regions in all eight federal districts in the Russian Federation.