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Oleg Fomichev: Venture business survives in any conditions

02.11.15

On October 28, 2015 the State Secretary – Deputy Minister of Economic Development of the Russian Federation Oleg Fomichev within the Forum and Show of technologies "Open Innovations" participated in the solemn ceremony of the national award "Venture Investor" . Russian Venture Capital Association (RVCA) and ОАО «RVC» acted as organizers of the Award .

The national award "Venture Investor" 2015 was awarded to leaders of the Russian branch of venture investment – to the funds showing high culture of investment activity, establishing professional standards of business practices and defining key trends of the domestic venture industry.

Winners in the following nominations became: "The best venture investor" - Almaz Capital; "The best venture transaction of an early stage" - Bioprocess Capital Ventures; "The best venture investor to regions" - the Venture company "Yakutia"; "Opening of year" - StartaCapitalAccessorFund; "The best exit" - AddVenture Fund; "The best venture investor at a sowing stage" - IIDF (Internet initiatives development Fund); "The best syndicated venture transaction" - FinSightILP, IntelCapital, InVenturePartners; "The person of year" - Chikhachev Dmitry.

Summing up the action results Oleg Fomichev noted that in 2015 on a number of the nominations the quantity of applicants was much more, than in the past. "It means that despite a difficult situation in economy, venture investments are live, - he noted. - Moreover, right now, as it seems to me, it is the time when venture investments have to show their true qualities".

"Venture business is initially high-risked and survives in any conditions, - emphasized the Deputy Minister. - And the more difficult these conditions, the better this business shows itself".

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