Post on 22-Nov-2014
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LOGO
Foundation for Assistance to Small Innovative Enterprises (FASIE)
State Activities to Support Innovations in Russia
Definition of a “small innovative enterprise (SIE)” in Russia
– Company with a commercial legal status– Company carrying out R&D with the further
and producing product based on Intellectual Property Rights belonging to a company
– Company with a number of employees not exceeding 100 people
– Turnover less than 14 mln USD– Share capital: less than 25% belonging to
foreign companies and individuals, state and large businesses (exception- spin offs)
FASIE’s MISSION
To develop and carry out activities of the State assistance to commercialization of
new knowledge into products and services by small companies:
early stage financing
Company financing sources
R&D ORGANIZATIONS
EN
TERPRISES
Venture Funds
PRIVATE EQUITY
3F, Business angels
CORPORATIONFUNDS
FASIE
TECHNOLOG
YOFFERS
TECHNOLOG
Y REQUES
TSEED START-UPs
Russian Venture Company Seed
Fund
Russian Venture Company (OJSC)
FASIE, main facts
Expertise- Independent experts
Policy and control by- The Supervisory Board
Form of assistance- The state contract for R&D
Financed through- 1,5% of federal budget for R&D
- (4,0 billion Rubles for 2011 or 140 mln USD)
Set up by- The government of Russia, 03.02.1994
Interaction with development institutes
Seed Investment Fund
Foundation for Development of the Center of Research and
Commercializing of New Technologies in Skolkovo
The agreement on an information exchange and additional review
of projects
FASIE
FASIE
FASIE
Continuous financing of projects at all stages of an
innovative cycle
FASIE
Russian Venture Company (RVC)
GC RUSNANO
GC VEB, GC RUSNANO, RVC,
RAS, Its
GC VEB, GC RUSNANO, RVC, RAS, Opora Russia.
Continuous financing at all stages of an innovative cycle
Add
Add
Up to 50 mln.rub.
Up to 15 mln. rub.
GC Vnesheconombank
GC RUSNANO
Russian Venture Company (RVC)
FASIE
MICEX Group’s The MICEX Group’s Add
Fund results 1994-2011
Applications submitted and reviewed
over 25 000
Projects supported over 9 000
New innovative SMEs created over 4 000
New workplaces created Over 25 000
Pre-seed
Seed
Growth
Internationalization
FAS
IEFA
SIE
FAS
IE
U.M.N.I.K
START
Target programs
Export support, bilateral
4
Directions (Priorities)
Information
technologies
Medicinepharmacology Chemistry
new materials
Instruments,
electronic devices
machineryBiotechnology
agriculture
Criteria to be met for “Assistance”
Small innovative enterprise
R&D
IPR ownership
New IPR created
(pre-seed stage) U.M.N.I.K. Program
A nominee should be a physical person from 18 to 28 years good scientific background behind each idea is an important criteria Each winner of the Program receives 200 thousand rubles a year No need to organize enterprise for first two years Since 09/2006 till 04/2011 670 conferences were organized and 4800
winners chosen.
The aim:Stimulation of mass participation of young scientists in scientific and technical innovative activity by organizational and financial support.
S&T Concept
FASIE
Investor
1st year
seed stage
2nd year
3rd year
Small Innov. company:
Up to 1,0 mln. Roubles
R&D implementation to reduce risks for off-budget (private) investors
FASIE
Up to 2,0 mln. Roubles, parity co-financing
Attracting off-budget (private) investments or beginning of product manufacturing
Business plan New product
Investor
FASIE
Up to 3,0 mln. Roubles
Achieving the indicators of the business plan; product manufacturing
Results of R&D
Small Innov. company:
Small Innov. company:
(Seed stage) START Program
Advantages
Pluses of participation
B
E
C
D
A
different types of IPR
How to protect and license IPR
The ground floor of an “innovative
elevator”
Who are they – “Investors”
Pluses of participation
B
E
C
D
A
different types of IPR
How to protect and license IPR
How to create a company
Who are they – “Investors”
“ START” Results 2004-2011
4 000 projects were supported4 000 projects were supported
13 000 applications
4 000 new innovative SME’s4 000 new innovative SME’s
600 innovative SME’s passed on to the second year; 150 passed on to the third year; 120 innovative SMEs finished a three-year cycle.
(growth stage) Target Programs
Three directions (out of 5) of the national priorities of the Russian economy set by the President of the Russian Federation
Energy efficiency and energy saving;Information and communication
technologies;Health and Pharmaceutical industry (Nuclear technologies) (Space technologies)
The aim:To support successful small innovative enterprises in specific prioritized thematic areas of economy.
(Internationalization stage) Export-oriented and bilateral
Program to support small innovative companies with the
export potential (2008, 2010- over 100 companies financed)
“Anticrisis” program 2009 (110 companies being financed) Bilateral financing programs with European funding
agencies Multilateral programs (pilot initiatives)
The aim:To support successful small innovative enterprises to increase their competitiveness on the international market and give access to .
Bilateral memorandums signed with:
Germany, International Bureau of BMBF(since 2008, over 50 projects financed)
France, a public-sector institution providing support to French SME’s(since 2009, 11 projects financed, on-going process of selection of proposals)
Finland, the Funding Agency for Technology and Innovation (since 2011, 24 proposals received, 7 selected for financing)
Multilateral cooperation:
Participation in the program since 2005Mechanism to support contacts with countries outside bilateral agreementsNew challenges with the new bureau of “Eureka” in Skolkovo
Consulting support to SME’s in terms of participationLow level of participation..
Pilot initiative (Russia, Germany, Israel, Greece, Turkey, Switzerland), FASIE acts as a funding agency70 applications received, 11 projects financed
FP7 project where FASIE acts as a partner AND financing agency. Joint funding mechanisms in the area of Industrial Biotechnology
Gate to Russian Business and Innovation Network (Gate2RuBIN) is the Russian “gate”
to EEN
International collaboration: networking is the first step
Results: Over 35 partnership agreements with the European companies and the
scientific organizations. 4 joint applications have been submitted in FP7 and over 20 applications for
international cooperation 26 centers are currently working in all regions of Russia.
IEI Program (France), direct B2B workshops and seminars (Germany)
LOGO