July 8, 2015 ON CREATING INDUSTRIAL INVESTMENT FUNDS FOR IMPLEMENTATION OF NATIONAL TECHNOLOGY INITIATIVE (NTI) ROADMAPS Meeting of the Strategic Council On Investment in New Industries, Ministry of Industry and Trade of the Russian Federation Igor Agamirzian Chief Executive Officer, Chairman of the Management Board, RVC

NTI SUPPORT TOOL SYSTEM  Establishing a Specialized Industrial Investment Fund  Developing Grant Programs  (Co)-Financing R&D in Technology Blueprints  Setting Up State Programs/Subprograms to Implement NTI Projects  …  Supporting Pilot Projects  Organizing Technology Competitions  Amending Rules and Regulations, GR  Conducting Educational Programs  Information Support  Launching Maker Movement  … Non-Financial Tools Financial Tools RVC NTI = National Technology Initiative

INDUSTRIAL INVESTMENT FUNDS IN THE NTI SYSTEM Partially State-Owned Companies Federal Executive Bodies Innovative Development Programs State Programs Private Companies Venture FundsClusters Start-UpsUniversitiesTechnoparksBusiness Incubators Industrial Investment Funds Innovation Consumers Innovation Suppliers Participants of the National Technology Initiative Research and Production Technology Project Consortiums RVC

PILOT MODEL OF AN INDUSTRIAL FUND According to the Minutes of the Meeting held on April 16, with Arkady Dvorkovich, Russia’s Deputy Prime Minister, it is necessary to work out the concepts of two industrial funds Industrial Investment Fund GP General Partner Managing Company management competitively selected RVC’s Methodological Support State Companies Private Funds Development Institutions capital Innovation Infrastructure Technoparks Clusters Universities Incubators Venture Funds Seed Funds Regional Funds State owned and Private Companies Innovative development programs development programs National Technology Initiative RVC

FUND STRUCTURE PRINCIPLES Federal Executive Body Investment Instruments (Ministry of Communications, Rosinfocominvest; Ministry of Industry and Trade, etc.) Private Investors RVC Methodological and expert support of the fund’s activities: project analysis portfolio companies monitoring promoting the portfolio companies Special Purpose Vehicle Company (SPV) Investment Partnership (industrial fund) Managing Company Capital Management National Technology Initiative searching for projects; primary analysis of projects; due diligence; project transaction support; project management and control; revenue and expenditure accounting; maintenance of tax and accounting records. RVC Partly State-Owned Companies

THANK YOU RVC