By Andrei Skvarsky.
About 350 Russian companies specialising in innovative technology have applied for money from leading global investors as part of a promotion programme run by Tech Tour, a Geneva-based nonprofit organisation.
The selection committee of this year’s Third Russian Tech Tour, to take place on April 23-26, will select 25 high-growth private firms which would approach potential European US and Asian investors, according to a statement from the organisers.
The committee includes Microsoft, Intel, VTB Capital, Russian nanotechnology company Rusnano, Russian Venture Company (RVC) and Skolkovo Foundation, the agency responsible for building Russia’s Skolkovo Innovation Centre.
This year’s Tech Tour investment fund exceeds 10bn euros.
More than half of the Russian applicants are startups, and only company is ready for an initial public offering of shares.
Most of the candidate firms are based in Moscow, St Petersburg or Kazan.
The First Russian Tech Tour was held in Moscow and St Petersburg in 2004. The second one was run in Moscow, Kazan and Tomsk in 2009 and resulted in bids for investments totalling 87.76m euros.
Israel, Denmark, Italy, Switzerland and Norway have been other Tech Tour venues over the last two years.
Sorry, comments are closed for this post.