For Direct and Venture Investment Venture Capital in Russia as the Instrument of Financing the Innovative Enterprises Oksana Mironova Project Manager Russian Association For Direct and Venture Investment
Funds in Russia 1994-2004
Sources of Capital 1994-1998 1999-2004 $ 2,94 bln $ 1,02 bln
Investments 1994-1998 1999-2004 TOTAL Companies financed 163 190 353 Total investment (bln dollars) 1162 1304 2466 Average deal (mln dollars) 7,1 6,8 7
Distribution of Investments by Stage (1994-2004)
Distribution of Investments by Field (1994-2004)
What are the Investments You Need?
Has the Enterprise Addressed Venture Investors?
Factors Complicating the Investment
Venture Fair – Ground for Communications Congress block Exposition of the Companies
Distribution of Participating Companies by Field
Origins of the Projects
Russian Association of Direct and Venture Investment (RAVI) www.rvca.ru www.rvf.ru