FINANCIAL RESULTS FOR 2017

2.072 RUB billion RVC’s revenue
36.245 RUB billion RVC’s capital and reserves as December 31, 2017

Procurement Activities

Introduction of Information Technologies

To ensure the strategic management of information technologies, a digital committee with the CEO of RVC was set up in 2017 that approved the Program for the Development of Digital Technologies at RVC in 2018-2020.

RVC’s digital strategy provides for the digitization of the company’s investment and ecosystem activity and of the management of NTI projects. An open digital society will be set up at RVC.

The new program also provides for the development of the company’s process management, accounting and budgeting, as well as the creation of various analytical IT instruments.

In addition, during the reporting year, RVC completed several infrastructure tasks for the development of information technologies, in particular a system for cloud-based file storage was created where all of the company’s internal IT services were transferred. In 2017, the RVC office was moved to the Skolkovo Innovation Center.


HR management

RVC's human resources policy is aimed at ensuring the implementation of projects and initiatives and the achievement of key performance indicators, while also balancing the Company's interests with those of its employees.

Main areas of RVC's human resources policy in 2017:

  1. Ensuring a balance in the processes of updating and optimizing the size and qualitative composition of our workforce in accordance with the organization's needs on the basis of compliance with the requirements of existing legislation.
  2. Maintaining a high level of professional competence on the part of our workforce.
  3. Maintaining and strengthening the positive working environment in the company.

Glossary

About the Report

This annual report has been prepared for the period from 1 January 2017 through 31 December 2017, using information available to Russian Venture Company JSC (RVC). Financial results are based on the Company's audited accounts in accordance with Russian Accounting Standards.

Operating parameters are reflected in accordance with the requirements of:

  • Bank of Russia Regulations No. 454-P of December 30, 2014, on Disclosure of Information by Issuers of Equity Securities;
  • The Corporate Governance Code (recommended to be applied by Letter No. 06-52/2463 of April 10, 2014, of the Central Bank of the Russian Federation); and
  • The GRI guidelines for reporting on sustainable development.

Limitation of Liability

RVC’s public annual report for 2017 was prepared using information available to the Company at the time of its compilation. The report contains information on the results of the Company’s activities in 2017, as well as forecasts and statements regarding the Company’s intentions, opinions and current expectations related to the results of its operations, financial position, liquidity, outlook, strategy and development of the industry in which RVC operates.

There are certain risks and uncertainties with any forward-looking statements, as they depend on circumstances that could change in the future. RVC does not provide any explicit or implicit assurances or guarantees nor does it bear any responsibility in the event of any losses that legal entities or natural persons might incur as a result of using the forward-looking statements contained in this annual report, for any reason, directly or indirectly. The above-mentioned entities should not rely only on the forward-looking statements contained in this document, as they are not the only possible scenario for future events.

Unless it is envisaged by the laws of the Russian Federation, RVC undertakes no obligation to revise or confirm its expectations and estimates or to publish updates and amendments to the forward-looking statements presented in this annual report that are the result of subsequent events or that come to light after the receipt of new information.

Contacts

RVC

Address: 1 Nobelya St., Skolkovo Innovation Center, Moscow, Russia, 121205
Tel.: +7 (495) 777-01-04
Fax: +7 (495) 777-01-06
E-mail: info@rvc.ru
Website: www.rvc.ru

Representative Offices

Singapore

Yury Anisimov
Address: 8 Eu Tong Sen Street #14-94 The Central Singapore 059818
Tel.: +65 6524 9574
Fax: +65 6524 9574
E-mail: info@abilityfactors.com
Website: www.abilityfactors.com

South Korea

Andrey Tsygankov
Address: 4F, Dokseodang-ro, Yongsan-gu, Seoul, South Korea (140-888)
Tel.: +82-105-319-53-54
E-mail: westlakeitckorea@gmail.com

RVC JSC Subsidiary Funds

RVC Seed Fund Ltd.

Address: 1 Bolshoy Gnezdnikovsky Lane, Bldg. 2, Moscow, Russia, 125009
Tel.: +7 (495) 729-64-59
E-mail: partner@rvcseed.ru
Website: www.rvcseed.ru

RVC Biopharmaceutical Investments Ltd.

Address: 1 Bolshoy Gnezdnikovsky Lane, Bldg. 2, Moscow, Russia, 125009

Tel.: +7 (495) 729-64-59
E-mail: partner@rvcseed.ru
Website: www.rvcseed.ru

Infrastructure Investments RVC LLC

Address: 1 Bolshoy Gnezdnikovsky Lane, Bldg.2, Moscow, Russia, 125009
Tel.: +7 (495) 729-64-59
E-mail: office@rvcinfra.com
Website: www.rvcinfra.com

Civil Technologies of the Military-Industrial Complex LLC

Address: 1 Bolshoi Gnezdnikovsky Lane, Bldg. 2, 125009, Moscow, Russia
Tel.: +7 (495) 729-64-59

Funds with the Participation of RVC JSC Capital in a Foreign Jurisdiction

Russian Venture Asset Management Ltd.

Address: 14 Hannover St. 3rd Floor, London, W1S 1YH, UK
E-mail: invest@rusventure.ru

Volga Venture Management Inc.

Address: 420 Boylston Street, 6th Floor, Boston, MA 02116, USA
E-mail: invest@rusventure.ru

Managing Companies Carrying out Trust Management of Funds Created as Closed-End Funds (CEF)

Management Company Bioprocess Capital Partners LLC (Bioprocess Capital Ventures CEF for HR(V)I)

Address: 6 Stolovy Lane, Moscow, Russia, 121061
Tel.: +7 (495) 974-74-01
Fax: +7 (495) 974-74-02
+7 (495) 974-74-01 (ext. 223)
E-mail: capital@bioprocess.ru
Website: www.bcvf.ru

JSC VTB Capital Asset Management (VTB Venture Fund CEF for HR(V)I)

Address: 10 Presnenskaya Emb., Moscow, Russia, 123317
Tel.: +7 (495) 725-55-40
Fax: +7 (495) 725-55-38
E-mail: am@vtbcapital.com
Website: www.vtbcapital-am.ru

Maxwell Asset Management LLC (Maxwell Biotech CEF for HR(V)I)

Address: 12/19 Verkhnaya Radischevskaya St., Bldg. 1, Moscow, Russia, 109240
Tel.: +7 (495) 726-52-53
E-mail: info@ammaxwell.ru
Website: www.ammaxwell.ru

CJSC LEADER (Leader Innovations CEF for HR(V)I)

Address: 95 Varshavskoye Road, Bldg. 1, Moscow, Russia, 117556
Tel.: +7 (495) 280-05-60
+7 (495) 280-05-62
Fax: +7 (495) 280-05-61
E-mail: info@leader-invest.ru
Website: www.leader-invest.ru

Management Company S-Group Capital Management LLC (S-Group Ventures CEF for HR(V)I)

Address: 2 Clara Tsetkin St., Moscow, Russia, 127299
Tel.: +7 (495) 662-70-20
Fax: +7 (495) 783-56-27
E-mail: info@sgcm.ru
Website: www.uk-sgcm.ru

Managing Companies Carrying Out Trust Management of Funds Created as an Investment Partnership Agreement

RusBioVentures LLC (RusBio Ventures IPA)

Address: 10, Testovskaya St., Moscow City, North Tower, Moscow, Russia, 123317
Tel.: +7 (495) 782-23-42
E-mail: info@rbvcapital.com
Website: www.rbvcapital.com

Finematika LLC (FINEMATIKA Air-Cosmic Fund IPA)

Address: 26 Pravdy St., Moscow, Russia, 125040
Tel.: +7 (495) 542-58-58
E-mail: info@finematika.ru

Da Vinci Capital LLC (Structure of parallel funds: Da Vinci Pre-IPO Fund IPA and DA VINCI PRIVATE EQUITY FUND II L.P.)

Address: 8 Presnenskaya Emb., Bldg. 1, City of Capitals Tower, North Block, Moscow, Russia, 123317
Tel.: +7 (495) 775-62-22
E-mail: pr@dvcap.com

Management Company ACP LLC (Seed Fund ACP IPA)

Address: 1 Leninskie Gory St., Bldg. 77, Moscow, Russia, 119992
Tel.: +7 (495) 930-80-59
E-mail: box@amacap.ru
Website: www.amacap.ru

Tonap Venture LLC (High-Tech Seed Fund IPA)

Address: 49 Leningradsky Prospect, Moscow, Russia
Tel.: +7 (495) 744-34-72
E-mail: info@tonap.ru
Website: www.tonap.ru

Softline Internet Trade LLC (Softline Seed Fund IPA)

Address: 7 Derbenevskaya Emb., Bldg. 8, Moscow, Russia, 114115
Tel.: +7 (495) 232-00-23
E-mail: info@ssf.vc
Website: www.ssf.vc

DI Group LLC (Venture Fund Accelerator IPA)

Address: 4a Poymenny Lane, Tomsk, Russia, 634009
Tel.: +7 (3822) 979-890
Website: www.di-group.info

KSI Ventures LLC (Life Sciences Seed Fund IPA)

Address: 5 Pervomaiskaya St., Dolgoprudny, Moscow Region, Russia, 141700
Tel.: +7 (495) 408-42-00
E-mail: project@ksiventures.ru
Website: www.ksiventures.ru

North Energy Ventures LLC (North Energy Fund I Seed IPA)

Address: 3 Stolyarny Lane, Bldg. 18, Moscow, Russia, 123022
Tel.: +7 (499) 700-08-07
E-mail: team@northenergyventures.com
Website: www.northenergyventures.com/ru

Phystech Ventures LLC (Phystech Ventures II IPA)

Address: 11 Tsvetnoy Blvd., Bldg. 6, Moscow, Russia, 127051
E-mail: startup@phystechventures.com
Website: www.phystechventures.com

RVC Infrastructure Investments LLC (Russian-Belarusian Venture Investment Fund IPA)

Address: 1 Bolshoy Gnezdnikovsky Lane, Bldg. 2, Moscow, Russia, 125009
Tel. +7 (495) 729-64-59
E-mail: rbfinfo@rvcinfra.ru
Website: www.rvcinfra.com

DI-Group LLC (TSU Seed Fund IPA)

Address: 4a Poymenny Lane, Tomsk, Russia, 634009
Tel. +7 (3822) 979-890
Website: www.di-group.info

Skolkovo Venture Investments LLC (Skolkovo Venture Fund – Industrial I IPA)

Address: 42 Bolshoy Blvd., Bldg. 1, Skolkovo Innovation Center, Moscow, Russia, 143026
Tel. +7 (495) 956-00-33
Website: sk-venture.ru/

Skolkovo Venture Investments LLC (Skolkovo Venture Fund – IT I IPA)

Address: 42 Bolshoy Blvd., Bldg. 1, Skolkovo Innovation Center, Moscow, Russia, 143026
Tel. +7 (495) 956-00-33
Website: sk-venture.ru/

Skolkovo Venture Investments LLC (Skolkovo Venture Fund – Agro-technological I IPA)

Address: 42 Bolshoy Blvd., Bldg. 1, Skolkovo Innovation Center, Moscow, Russia, 143026
Tel. +7 (495) 956-00-33
Website: sk-venture.ru/