Презентация Вячеслава Солоницына

Skolkovo Early Investments and RulesSSkolkovokCIO Service

Application for Skolkovo Residence1

Qualification of Investors2

Investment Procedure and Criteria3

Skolkovo Investment Instruments4

Contents

Skolkovo CIO Service

SSkolkovok

Introduction to CIO Service and its Functions 5

Short-term Deliverables and Strategic Aim6

Star

tups

Application process

3

Skolkovo Status Application Overview

Inno

vativ

e Co

mpa

nies

R&D

Business Incubators

Qualified Investors

Venture Funds

Strategic Partners

Anchor Investors

Unqualified investors

Preliminary automatic checking

Startups

Innovative companies

R&D

Certification board

Startups <100% invest. Innov. Companies <50%


SSkolkovok

4

Application for the innovative project

Online Application via web-site1

Preliminary automatic check2

Matching projects with investors3

Project roadmap development4


SSkolkovok

Nomination of the project by Qualified investor5

Certification Board6

Legal registration7

5

Applicants Types

Startups1

Required investments < $US 1 mln

Innovativecompanies

2

Required investments > or equal $US 1 mln

3

Initiated by Anchor investors of Skolkovo Foundation (agreement signed )

R&D centers


SSkolkovok

Online Application Form


SSkolkovok

1. The qualified investor has no right to nominate2. The necessary equipment is unavailable3. No intellectual property (IP) rights are available4. The IP has no opportunity for the world priority 5. The project lead has no profile industry experience6. No documents insuring scientists involvement7. No documents insuring international cooperation

(for innovative companies)

Filtering criteria

Preliminary automatic check


SSkolkovok

Matching Projects to Qualified Investors

Distribution of project via qualified investors network

Waiting for responses from investors for up to 5 days

The project lead opts for the investor(s) on due-diligence for up to 45 days

If rejected, one more investor can be chosen

A Startup can be assigned for consideration to the incubator that was supported by the Foundation

1

23

4

5


SSkolkovok

9

Qualified investor (1 only) nominates the chosen project1

The investor looks after the project via whole lifecycle2

The investor holds responsibility on the project activity 3

The investor is obliged to invest or attract investment in 6 months after registration of the project

4

Nomination of the Project by Investor


SSkolkovok

The qualified investor endures regular compliance audit5

10

Being developed by nominating investor and project team1

The key benchmark for monitoring and audit. Should contain major deliverables and deadlines.

2

The job checks the level of team competence and investor engagement.

3

The project and investor will be required to follow the Roadmap with ability to update it every 6 months.

4

Project Roadmap development


SSkolkovok

11

Ability of the project to reach its goals (as per Roadmap) 1Reliability and validity of documents provided by Applicant2Match to the Technology cluster 3Innovativeness (p. 10.6.2 of the Mandate)4Practical feasibility (p. 10.6.3 of the Mandate)5

Certification Board

Certification board evaluates:

Scientists Involvement (p. 10.6.4 of the Mandate)6International cooperation7

The Certification board is formed by clusters


SSkolkovok

12

1. Russian Managing Companies of Venture Funds.2. Venture partners of RVC SIF.3. Strategic partners (signed MoU).4. Anchor investors (signed MoU).5. Local and international governmental development institutions.6. Managing companies of incubators and seed funds supported by

Skolkovo Foundation (Skolkovo General Partners).7. Foreign Venture Firms with proven track-record.8. Other investors wishing to invest in projects meeting Skolkovo

entrance criteria.

Qualified investors can be:


SSkolkovok

Qualified investors classification

A+

A

B

C

D

Classes Classification by:

1. Reputation

2. Assets volume

3. Track record

4. Team

Mobility

Dow

ngra

ding

Upg

radi

ng

Criteria

1. Activity2. Transperency3. Readiness to invest


SSkolkovok

4 major tools at launch

14

Skolkovo early investment instruments

Innovative Infrastructure Development Fund

Technology Clusters Development Fund

Seed Investment Support Fund of Funds

Venture investments support Fund (direct investments)


SSkolkovok

15

Unique Cap-intensive equip. rent

100% Skolkovo

IIDF

Key innovation infrastructure support

Innovative Infrastructure Development Fund

$ TechnoparksTechnology Centers for

collective use(e.g. SVTC)

$

$

$

Innovative Companies, Startups, Labs, Clusters,

initiate !


SSkolkovok

Access to equipment

16

Technology Clusters

100% Skolkovo

Technology Clusters Development Fund

TCDF

Prospective scientific researches support

Laboratories

Research teams

initiate !

$

$


SSkolkovok

17

“Seed investments support fund" VA

Private Managing Companies (General

partners)

>25% private capital

Seed investments support Fund

Seed-stage investment funds creation and

financing

Qualified investors

LLCs, CJSCsVenture closed-

end mutual funds

Parallel investments instruments (offshores + onshores)

Startups

$

$

$

initiate !$

* Qualified investors propose projects as potential Skolkovo participants and can also submit them for co-financing

ma

na

ge


SSkolkovok

18

“Venture investments support Fund" VA

Venture investment closed-end mutual fundsVICMF

“Skolkovo Information

Technologies”

VICMF “Skolkovo

Energy Efficiency”

VICMF “Skolkovo

Medical & Bio Technologies”

Innovative companies investing

50% private capital

50% Skolkovo

$

$

CJSC Managing Company “Skolkovo Venture Investments”

Qualified investors

Innovative Companies$

Venture Investments Support Fund

* Qualified investors propose projects as potential Skolkovo participants and can also submit them for co-financing

initiate !


SSkolkovok

19


SSkolkovok

CIO Service Key Functions

1. Development and maintenance of projects workflow.2. Qualified investors net development and matching service.3. Development and maintenance of Expert Network . 4. Investment Projects scoring system.5. Due diligence (legal, tax and basic financials).6. Project presentations preparations for the Investment Committee.7. Deals structuring.8. Projects follow-on support and monitoring.

Criteria for direct investments


SSkolkovok

Applicants only

Second best (not ready to be supported by private investors)

2

1

The most of 5 criteria 3

Credibility of Investors4

Cluster foresight focused5

Progress of the project (from application to Skolkovo)6

Thank you for your attention!

Contacts:

Vyacheslav Solonitsin+ 7 (926) 532-3085 | [email protected]


SSkolkovok

mailto:[email protected]

Презентация Вячеслава Солоницына

Economy & Finance