The venture activities of RVC are done through the public-private partnership. Forty-nine percent of the needed capital is contributed by RVC while private investors match the other 51%. The Russian President has approved the Critical Technologies List, where the RVC-backed funds will be spent. The List includes areas that are critical to Russia as a nation. Among those included in the List are IT systems, transportation and aerospace systems, living systems (which includes medical technologies and equipment and biotechnologies), power generation and energy conservation, nanosystems and materials, and security and counterterrorism.
All the capital investments that flow from RVC creates the partnership that the Russian Government wants to establish with the private sector. To date, RVC has invested RUB9.1 billion (about USD310 million) to help run 104 companies. RVC is also a signatory to 26 cooperation agreements with different regions across Russia.
RVC’s efforts are more concentrated on infrastructure development. RVC wants to make innovation a regular occurrence in Russia. This is backed by initiatives in the legislature and international efforts to develop the markets for innovation. Russia recognizes the more advanced markets through the importation of technologies and competencies that would develop, enhance and improve its own innovation markets.
In RVC’s business plan, the company will double its investments in innovative companies. The funds available to accomplish this plan amounted to RUB440 million. RVC also joined international VC alliances to connect with other groups with similar efforts across the globe.