Rosatom established its venture fund in the form of an investment partnership agreement. The nuclear corporation is ready to invest up to RUB 3 billion (USD 47,4 million). The fund format – investment partnership – has been selected by the state-owned corporation to attract and interest other market investors increasing the volume of investments by 2-3 times.

The fund intends to invest in early and seed-stage companies, as well as companies that have entered the scaling stage. According to the state nuclear corporation, the key parameters in selecting investment objects are: fast growth prospects, potential for global technological expansion and synergy with main areas of development of Rosatom.

“The fund is one of the tools of the system of innovation development and control being created in Rosatom and operates in close synergy with other divisions. The most important task of the fund is to make the path for start-ups to Russian and world market more realistic and fast with the use of Rosatom’s capabilities,” First Deputy Director General and Director for Development and International Business of Rosatom Kirill Komarov explained.

General Director of “Orbita Capital Partners” Evgeniy Kuznetsov, ex-head of “Russian Venture Company”, will head the fund’s management company . According to him, the fund’s important mission is to create an effective mechanism for synthesizing governmental and corporate development instruments with Russia’s startup environment.