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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)

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