РОССИЙСКАЯ ВЕНЧУРНАЯ КОМПАНИЯ

Main activities of the Fund

Presentation for service companies

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Main goals of the Fund

Development of the market of professional consulting services for innovative companies*

Increase of competitiveness of Russian innovative factories

Decrease of investment risks in venture business

* Companies, producing innovative products/services and/or realizing innovative business-models, with the potential of nonlinear growth

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Main areas of activity

Increase of the accessibility of available services

Increase of service companies with the knowledge of the innovation business specificity

Provision of access to professional services for innovative companies

Increase of the effectiveness of use and provision of access to technological equipment for innovative companies

Business-portfolio formation for innovative company

Development of the professional technology assessment market

Informational and analytical support of venture activity in Russia

Provision of services of protection, assessment and commercialization of IP for innovative companies

Formation of market of industrial IP and formation of patent pools

Creation of new (for Russian market) services

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Provision of access to technological equipment for innovative companies

Equipment owners

Innovative company

Service broker Equipment database

Search for the owners of technological equipment (in Russian Federation and abroad). Conclusion of the long-term contracts with owners

Maintenance of the equipment database

Interfaces for available bases

Appointment of quotas for the equipment use

Assurance of data on the outfit and work types

Services rendering and equipment lease

Search for the required equipment in the base

Conclusion of contracts for quotas appointment

Use of equipment

Service broker may be the portfolio company of

the fund

Register of the scientific and laboratorial equipment

Interactive system of the equipment selection according the characteristics

and conditions of lease

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Consulting services in the region

Venture partners in the region

Investment funds

Business-portfolio formation for innovative company

Standard set of investment company documents

Including:

Methodological recommendations (step-by-step)

Document templates

For processes execution:

Creation of company

Intellectual property protection

Business-plan development

Investment mobilization

Financial statements

Management statements

Staff management (contracts, job description, motivation)

Interactions with standard contractor (lease, service rendering, trade)

Information services

Product servicesc

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o

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Development of the professional technology assessment market

Methodology and documents templates for technology assessment in venture business

Pool of experts:

Regulation

Criteria

Sources

Special trainings and workshops for experts

Models and interfaces of interactions between the agents of the assessment market

Supervised role-based access to data

Anonymous/symbolic

Secrecy/publicity

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Information integration in the world innovation community

Analyse of the assessment criteria of innovation ratio in the country economy

The World Bank

EBRD (European Bank for Reconstruction and Development)

OECD (Organization for Economic Co-operation and Development)

Reveal of low rates because of insufficient information exchange

Creation (search) of information and analytic company, providing the following services:

Analytical reviews of Russia

Interactions and information exchange with leading rating and information agencies

Analytical reviews of the world innovation market state in Russian for the assurance of the Russian participants integration

Situation analyse Information integration

Increase of the rating of Russia in the world by the actual information provision

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Project declined

Improvement recommended

Deal approved

Project declined

Improvement recommended

Detailed check initialized

Check of the reliability of the financial, juridical, technical and other information provided by the company/project team

Confirmation of the suggests of the business-plan of the company/project and the correctness of all required documentation, including the conformity to the laws currently in force

Confirmation of the professional qualities of the specialists of the company/project.

The complex verification of the possibility of project realization, its correspondence to the priority criteria of the fund (investment and sectors), the capability of company to service provision to the agents of the innovation market.

The analyse and the service companies/projects selection processes

Initial companies/projects selection in accordance with the fund conception and the industry specialization of service company

Decline projectRequest of the additional information Initialize the process of the initial analyse

Applications examination

Initial analyse

Detailed verification

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Application

Deal

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Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Applications examination

Final document – «Conclusion on the application analyse»

On the base of the conclusion the work group of the Fund including the Director, investment manager, lawyer and analyst take one of the following decisions:

To decline the project To require additional information To initialize the initial analyse process

3 weeks at most

The service company application Additional information, attached to the

application

Application1.1. PERSON OF CONTACT 1.2. INFORMATION ABOUT THE COMPANY• The name of company, the organisation and juridical

form, the address, phone number• Shot company history (figures and achievements)• Experience and past periods achievements of the

project initiators • Key specialists 1.3. INFORMATION ABOUT PROVIDED SERVICES• The name of the service/project aimed at the creation,

promotion of the service • Service description• Experience of the service rendering (history, funding,

turnover) • Main service consumers • Market description• Competitors, competitive advantages of the service,

price formation• Description of the business-model 1.4. NEED FOR INVESTMENTS

Initial data

Fund analyst Investment management of the Fund

Executors

Duration

Result

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Final document – «Conclusion on the initial company/project analyse»

Initial analyse makes the base of the decision of the Investment committee:

To initialize the process of the detailed check

To decline the project To recommend to improve and/or provide

an additional information on the project

6 weeks at most

Initial analyse

Business-plan of the investment project Investment project summary Investment project presentation Financial model (as MS Excel file) Copy of the report on the company

establishment Company's charter Extract from the integrated state register of the

legal entities Certificate of the registration of Russian

organisation in the tax authority by the location on the Russian Federation territory

Certificate of the state registration of the legal entity

Accounting balance sheet Contract (agreements) on the rights of

participants (project) Agreement on the main deal conditions

(project) Addenda for the charter (project) Agreement on the intentions of private

investor to make investment into the service company and to invest into the project

Initial data

Fund analyst Fund lawyer Investment manager of the Fund Specialist of the risks analyse of the Fund

Executors

Duration

Result

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Detailed check

Final document – «Report of results of the detailed check process»

Results of the detailed check forms the base for the Investment committee decision:

To approve the deal of the investment/securities purchase of the company or the asset purchase;

To decline project To recommend the improvement and/or to require an

additional information on the project

8 weeks at most

Corporate documents Financial statements Technical reports Market studies Staff qualification Figures of the key specialists

turnover Measures of the key staff

retention Main intangible assets Main material assets Property and property rights of

the service company Contracts Information on the finances and

owners Juridical cases Check of the liabilities

Initial data

Fund analyst Fund lawyer Investment manager of the Fund Detached analysts, consultants and experts (on

requirement)

Executors

Duration

Result

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Geography

Volume of the

investments

(pieces

quantity)

Volume of one

investment

(mln.rub)

min max min max

International 1 5 20 60

Russian Federation 2 50 15 60

The tranche loan what can be converted in shares

The deposit in the authorized and additional capital by tranches

Conditional character of the next tranche provision (achievement of the arranged results by the portfolio company)

Formation of the Fund portfolio

Fund's investments 5-30 mln. rubles (first tranche)

Quick break-even point

Ideal portfolio company

Optimal deal structure

Balanced portfolio

Year

Investments

quantity

min max

2011 5 15

2012-2015 2 50

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Structure of main conditions for deals

Restriction of rights of withdrawal of members of participants during a defined period

Restriction of deals with shares (for example, during defined period or by the agreement of all participants of the alienation of the share to the other participant or the third party)

Right of the Fund to constraint the participants of the Company to sell their shares in the authorized capital to third parties (Drag-along) under the priority right of the participants for the priority buyback of the Fund's share

Fund's right to join to the sale of the shares by the participants of the Company to third parties on the same conditions (Tag-along)

Realization of the measures to retain key staff in the company (optional and the other motivation program, the concurrence prohibition in case of the dismissal, the program of the confidence etc.)

Precision of the forecast – pessimistic, optimistic

Ф о н д и н ф р а с т р у к т у р н ы х и н в е с т и ц и й Р о с с и й с к о й в е н ч у р н о й к о м п а н и и

Results of the Fund's activity

Increase of the quantity and capitalization of the service companies

Decrease of the transaction costs of the innovative companies

Increase of the quality of the projects «packing»

The deal-flow for venture funds