From: East-West Digital News, Feb 02, 2012
Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation, announced yesterday its cooperation with the Investment and Venture Fund of the Republic of Tatarstan (IVFRT) in the creation of a new international fund of funds. The new fund, named RVC IVFRT LP, will invest in international venture funds focusing on innovative companies.
Through cooperation with foreign tech funds and companies, RVC and IVFRT aim to ensure technology transfers and the acceleration of innovation-led growth in Russia. They also expect to gain “access to international best practices in sourcing, selecting, and completing deals, [while offering] their international partners access to Russia’s domestic market,” according to RVC’s press release.