The Eastern Economic Forum, which took place in Vladivostok from September 11 to 13, 2018, became the starting point for the start of cooperation between the Far Eastern High Technology Fund (created by FEDV, RUSNANO and RVC) and VISITECH – on the sidelines of EEF-2018 a strategic agreement was concluded on the Fund’s investments in promising innovative solutions of the company.

“The Fund invests in innovative projects that help overcome the specific problems of the Far East and stimulate the industrial development of the macro-region. We are confident that promising technologies with the support of the Fund will become a reliable support for business in matters of energy supply, mobility and staff training. I hope that our investments will make a significant contribution to the transformation of the Russian Far East into a technologically advanced, competitive macro-region, “said Anatoly Chubais, Chairman of the Management Board of RUSNANO Management Company.

“The authors of the first innovative developments supported by the Fund offer non-standard and effective solutions to pressing problems faced by industrial enterprises operating in the Far East. It is important that the initiators were able to independently move from the idea to the stage of practical implementation of innovations. We see our mission in the further promotion and development of promising projects – both through the provision of financial leverage and through active assistance in expanding the sales market for products and services with the involvement of large businesses and state-owned companies that have production facilities in the Far East in this process ”, – Ruslan Sarkisov, CEO, commented on the first deals of the Far Eastern technofund.

“There are huge opportunities in the Far East for the implementation of breakthrough innovative projects. Many talented people live here, there are many large enterprises that are in demand for high-tech products and services – in agriculture, fish industry, oil and gas, mining and other industries. State support for the implementation of effective innovations will increase the competitiveness of the Far Eastern economy, ”said Alexei Chekunkov, General Director of the Far East Development Fund.

“The Far Eastern High Technologies Fund was announced at the EEF a year ago. In a short time, the Fund moved to the active stage of investment and is successfully forming pipeline projects. It is important to note that the priority of the Fund’s investment strategy is projects that correspond to the NTI markets. We are talking about unmanned vehicles, neurotechnologies, personalized medicine, new production technologies, and smart energy. This is already the fifth fund in the RVC portfolio, whose mandate is focused on NTI. Thus, we expect to expand the range of instruments for venture support for projects of the National Technology Initiative, ”said RVC CEO Alexander Povalko.

General Director of VISITECH Rustam Milanov added: “In addition to the fact that the development of VISITECH projects in the Far Eastern Federal District will provide the region’s need for modern intelligent solutions to optimize production processes, for us it will also open up new opportunities for expansion into the Asia-Pacific region, which is a priority company development strategy “.

Source: RUSNANO