RVC — is the Russian government’s fund of funds and the development institute of the Russian Federation, one of country’s key tools to create and expand the national innovation system. RVC’s main objectives are to promote Russia’s venture investment industry, and to take on the role as the project office for the National Technology Initiative (NTI). The company has a wide range of programs to develop Russia’s venture investment market establish educational and organizational services for market players, as well as increase the ability of Russian technology companies to compete in the global marketplace.
RVC’s authorized capital amounts to RUB 30,011,320,700. RVC’s capital is owned in full by the Russian Federation represented by the Russian Federal Agency for State Property (Rosimuschestvo). The total number of RVC funds has reached 26 (including two funds in foreign jurisdictions), with their total size of RUB 35.1 bn. The share of RVC is RUB 22.5 bn. The number of innovative companies approved for investment by RVC funds reached 216 in 2017. The total volume of approved investments is RUB 17 bn.