Russia’s venture capital market is predicted to double in size to around $40 billion by 2030 – that’s according to the country’s Ministry of Economic Development and Russian Venture Company (RVC).
If the industry is to increase to such an extent it requires growing the capitalisation of Russian VC funds by ten times from 2017. The total number of VC deals would also need to jump by 25 times by 2030.
The RVC will strive to attract corporate investors to the VC market, as well as non-state pension funds (NPFs) that are currently in the process of re-consolidation. Together with tax rebates and state support this would add over $14 billion to the VC market by 2030.
The difference between investing the “safe” pension money into risky VC projects will be levelled out by special regulations that allow NPFs to take part in funds investment agreements.
The number of projects competing for VC funding would also have to increase massively by almost threefold to around 40,000. The experts and think-tanks involved in the drafting of the strategy view this as realistic thanks to current statistics on such parameters as tech graduates and new start-ups.
Read the original article here.
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