VEB.RF will allocate 25 billion rubles to investments in technology companies

The investment platform Sk Capital, formerly known as Skolkovo Ventures, has been appointed as the management company of Vertical Investments until 2022. At the end of 2020, the Skolkovo Foundation, together with other development institutions, came under the management of VEB.RF .

The director of Sk Capital, Vladimir Sakovich, explained that the main task of the holding company will be the creation of technological partnerships in priority sectors for the State, together with entrepreneurs and infrastructure players. In his words, the structure will use a consolidation model around market leaders, uniting small companies. Among the priority areas, cybersecurity, unmanned vehicles, computer equipment, medical technologies and industrial technologies, such as robotics and industrial software, stood out.

Sakovich said that the volume of investment in each holding company will be 5 billion to 10 billion rubles, with the possibility of attracting partners at later stages. The objective is to promote the creation of Russian high-tech public companies, he stressed. “Vertical Investments” will receive the first tranche of 25 billion rubles for the development of new holdings. When selecting projects, the main criteria will be high technology, investment attractiveness and export potential.

In autumn 2023, VEB.RF announced plans to develop venture financing with the participation of private investors. Among the priority areas, the representative of the state corporation highlighted cybersecurity, telecommunications equipment, oil services technologies and unmanned aerial vehicles. According to the decision of the supervisory board of VEB.RF, it was planned to allocate 50 billion rubles to venture investments over two to three years. A representative of Sk Capital clarified that 25 billion rubles is only the first stage of financing.