1. NATIONAL INNOVATION FUND

2. National Innovation System (NIS): 2005-2015 NIS creation with active government participation Improvement of NIS elements co-ordination mechanisms NIS sustainable development with state expenditures reduction and increase of private investments 200820112014 I stage 2005-2007 II stage 2008-2010 III stage 2011-2013 2005 1717 Exits from state venture funds and innovation projects 2015 IV stage 2014-2015

3. National Innovation System Innovation Infrastructure Financial Infrastructure Industry Science Large state and private enterprises Parasat universities, Researching institutes and laboratories Technoparks, Business- incubators NIF, Venture funds Role of the government Partnership with private capital Open system

4. Coordination in National innovation system Domestic venture capital NIF Seed start-up EarlyExpansion Traditional investors Cost of company Science Fund

5. Investments in 2003-2007 Dynamics and structure Dynamics of investmentsStructure of investments Growth of investment portfolio on more than 3 times млрд.тенге

6. Investments in 2003-2007 Structure by countries (bln. tenge)

7. About National Innovation Fund Quick facts: ▪ 2003 - year of incorporation ▪ $265 million – size of NIF capital ▪ $2.2 billion – size of Kazyna capital (holding organization) ▪ 11 number of invested VCs (6 in Kazakhstan, 5 abroad) ▪ 5 number of technoparks owned Profit in 2007: 629 mln. Tenge (5.2 mln USD) Mission: growth of innovation activity in Kazakhstan, development of high-tech and science - intensive production facilities.

8. Venture Funds in Kazakhstan NIF’S Investments – $60 млн JSC «Lancaster Group Kazakhstan» Specialization: pharma/biotechnology Fund size: $20 mln.NIF’s Participation: $10 млн. JSC «TuranAlem Securities» Specialization : general Fund size: $30 mln. NIF’s Participation : $10 mln. JSC «Sentras Capital» Specialization : start-up companies Fund size: $20 mln. NIF’s Participation : $10 mln. JSC «Glotur» Specialization : ICT Fund size: $20 mln. NIF’s Participation : $10 mln. JSC Almaty Venture Capital Specialization : construction materials and technologies Fund size: $20 mln. NIF’s Participation : $10 mln. JSC «Seven Rivers Capital» Specialization : ICT Fund size: $20 mln. NIF’s Participation : $10 mln.

9. Foreign Venture Funds NIF’S Investments – $35 mln CASEF SEAF, IFC, SECO, USAID (Middle Asia) Specialization: small and medium business in Central Asia Size: $13 mln. Wellington Partners III Specialization : ICT Size: $180 mln. ВФ Flagship Ventures Fund 2004 Специализация: ICT and LifeScience Size: $150 mln. Mayban-JAIC ASEAN Fund Specialization: small and medium business in Central Asia Size: $50 mln. Vertex III Fund Specialization: ICT Size: $174 mln.

10. Venture funds network Charter Capital: $150 mln. NIF’s share: $ 5 mln. Charter Capital: $500 mln. NIF’s share: $ 1.5 mln. Capitalization 20$ mio, NIF’s share 10$ mio

11. Technoparks «Technopark «Alatau IT-City» LLP «Technopark «Algorithm» Charter Cap.=539,4 mln. KZT ETTC’s share=400 mln. KZT LLP «Technopark «UniScienTech» Charter Cap.=967 mln. KZT ETTC’s share=400 mln. KZT LLP «Almaty regional technology park» JSC «Technopark «KazNTU» ChC=116,5 mln. KZT ETTC’ share=65,8 mln. KZT

12. Thanks for your attention! JSC «National Innovation Fund» Abai, 26 “A” Almaty, 050013 Kazakhstan Tel: +7 (3272) 599-816 Fax: +7 (3272) 599-839 E-mail: info@nif.kz Web-site: www.nif.kz