Moscow innovation ecosystem and state
support of venture capital market
Alexey Komissarov
Head, Department of Science, Industrial Policy and Entrepreneurship of the City of Moscow
CURRENT ECONOMIC SITUATION IN MOSCOW
Territory of «old» Moscow 1090 sq. km
Territory of «new» Moscow with inclusion of 1600 sq. km
is about 2700 sq. km
Permanent population 11,5 mln. people
Daily population is about
15 mln. people.
Population of annexable territory is 250 th. people
or 2% current Moscow population
Moscow budget as of 2012:
revenues 1 460 RUR bln (~ $50 bln)
costs 1 710 RUR bln (~ $57 bln)
Moscow GRP as of 2011 9 RUR trln ($300 bln) - ~ 19% Russia GDP
For comparison: New York budget $66 bln New York GRP $1,2 trln
- ~ 8% USA GDP
MOSCOW INNOVATION POTENTIAL
Moscow potential 268 higher education institutions 50.4 th people academic staff 97 engineering bureaus 241.2 th people involved in R&D Weaknesses 97th ranking of 100 cities due to the level of
innovation system competitiveness Reduction of scientific institutions and people
involved in scientific activities Low level of R&D results commercialization and
investors activity on seed stage Strengths 4th ranking among largest cities due to number of
graduates and universities Largest market of high-tech products in Russia Developed and attractive social infrastructure
Troitsk
Zelenograd
Skolkovo
KurchatovInstitute
MSU
MSTU
MAI
MISiSTIR
Moskvich
MIPT
MIFI
TechnoparkSlava
TechnoparkStrogino
MPEIRVK
TMZ
ZiL
REGIONAL INNOVATION ECOSYSTEM
11 Business-
incubators
19 technoparks
26
Fablabs
6
Centers of technology
transfer
1
Territory of innovation
development
10
Development agencies
20 VC funds
MOSCOW INNOVATION INFRASTRUCTURE
Territory of innovation development Moskvich
Technopark Slava
Technopark Strogino
Business incubator Zelenograd
Special economic zone Zelenograd
SPECIAL ECONOMIC ZONE “ZELENOGRAD”
SEZ Zelenograd specializes in: • microelectronics • energy-saving technologies • biotechnologies • information and communication technologies • other kinds of high-tech research and production business
Investors in 2012 Q1: 36 companies
Investments: $ 4,00 bln. Declared private investments $ 573 mln. Federal Government investment $ 156 mln. Moscow investments into SEZ $ 417 mln. Moscow investment into Zelenograd
MOSCOW CENTER FOR INNOVATION DEVELOPMENT – KEY INITIATIVE IN 2012
GOALS
FOCUS
Increase of number of people involved in innovation activity
Growth of innovation products share in regional gross product
Increase of innovation infrastructure efficiency
Promotion of Moscow as a leading innovation center
INDIVIDUAL COMPANY INFRASTRUCTURE CITY
Center principles are aligned with “Strategy of Russian Federation innovation development till 2020” State primarily fixes “market failures” Priorities of innovation development are defined in cooperation with business and science Distribution of budget funds and result evaluation are maximally transparent Efficiency and effectiveness are evaluated according to international standards
TOOLS PORTFOLIO OF THE CENTER
Information sharing and matching
Development of human capital
Support of innovation companies
Development of innovation infrastructure
Development of Moscow as innovation city
Innovation portal One-stop shop for services in innovation field
Organization of joint programs with development institutes
Educational programs in innovation field
Organization of internships abroad
Popularization of innovation activity
Co-financing of projects on seed stage
Co-financing of innovation infrastructure projects
Development of subordinate business incubators and technoparks
Services for innovation business development
Regional and international promotion of Moscow
Support in realization of city procurement of innovation products
Competitions in ideas for innovation development in Moscow
Co-financing of costs for IPO on IIM MICEX
GOALS OF GOVERNMENT IN STIMULATING THE VENTURE CAPITAL MARKET
Accelerate a process of VC and business angels emergence
Foster active domestic VC market
Create conditions for cross-border investments
GOVERNMENT SUPPORT OF BUSINESS ANGELS AND VC
Implement public-private co-investment schemes
Develop institute of ombudsman
Link policy to Market of Innovations and Investments of MICEX and IPOboard
Cooperate with Russian Venture Company and other key development agencies
Subsidy pre-finance appraisals and evaluations/ due-diligence
Support creation of business angels networks
Create customs point for innovation products
MILESTONES IN 2012
Launch of Moscow Seed Fund
Conclusion of Agreement between Moscow Government and Russian Venture Company
Launch of Center for innovation development programs