RVC is a government fund of funds and a development institute of the Russian Federation, one of Russia's key tools in building its own national innovation system.
RVC was established by Russian Government on June 7, 2006 (Order No. 838-r). Its mission is to encourage Russia’s own VC industry and boost capital of VC funds. RVC’s role is that of a government fund of venture capital funds channeling public incentives to venture capital and financial support to the hi-tech sector, and of a Russian VC industry development institution.
Bearing in mind the priorities of the state, increase the volume, accelerate the growth, and adjust the areas of development of the venture capital market of the Russian Federation with the aim of improving the competitiveness of the innovative sector of the country's economy globally.