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