A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 166 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 76 countries worldwide, and 154 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Venture Barometer 2018: A Study of the Russian Venture Capital Market

The survey of the Russian venture capital market carried out annually by the Venture Barometer project covered representatives of state-owned and private VC funds and business angels. The majority of the respondents (42%) invest in startups on a regular basis and manage multiple funds.

In 2018, new funds on the Russian VC market, including corporate venture funds, were launched faster than before. Also, there is a growing number of active business angels who are strongly committed to long-term investments and developing startup projects. Over a half of the participants of the survey noted a general rise in investment activity and investment volumes. Also, compared to the previous year, projects are now better prepared for investment. Notably, the overwhelming majority of the respondents (over 70%) are planning to increase the volume of their investments in 2019, as well as the number of projects they invest in.

The authors of the report stress the fact that projects related to financial technologies, artificial intelligence and machine learning continue to have investment priority on the Russian VC market for several years running. The segments of e-commerce, advertising technologies and blockchain technologies remain the least appealing for investors.

The list of main events that influenced the Russian VC market in 2018 is topped by the sanctions which are far ahead of other factors. Investment activity of two largest market players — Yandex and Mail.ru — comes second, and the much-discussed state corporate funds are placed third. The results of the study suggest that investors’ optimism is reinforced and they are planning to expand to Asian markets. The report also demonstrates that Russian investors have a good track record of serial fund launching. All these facts indicate that the Russian venture capital market is maturing while the regulatory environment is getting increasingly comfortable, and that this sector is deeply integrated in the country’s areas of economic growth.

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