Russian Venture Company approves two IT investment projects

The seed fund of the Russian Venture Company, a state owned venture vehicle dedicated to innovation with 2 billion rubles, or $65 million, in charter capital, announced yesterday it has approved investment proposals from eight projects, including two from the IT sector.

The first IT-related project, contributed by MSU Science Park, a Moscow State University incubator, aims at creating fiber optic OEM monitoring solutions with high measurement accuracy and resistance for engineering structures.

The second project, in partnership with Russian-Israeli Minerva Capital Partners, is focused on the development of a unified online platform to collect user comments and feedback about any type of content.

Source: Russian Venture Company

Topics: Finance, International, Internet, News, Startups, Venture / Private equity
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