From: East-West Digital News, Feb 02, 2012
Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation, is looking to invest in US startups through a newly-established office in Boston.
RVC-USA presents itself as a “visionary and strategic investor that melds the innovation of US startups with the resources of Russia.” Its possibilities include direct investment in local startups, in particular those who would like to host R&D in Russia. The Russian fund will focus on making early-stage investments, in the range of $1 million to $3 million, in IT, life sciences, semiconductors and clean tech. But Tillman ruled out any form of social media, where he “doesn’t see any immediate method of making revenue,” The Wall Street Journal quoted him as saying.