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.
Keywords: Strategy for Innovative Development of the Russian Federation 2020, venture investment, modernization of the Russia's economy, technology entrepreneurship, priority ways of the Russia' technology development, innovation ecosystem, development institutions, development corporations, Rostec State Corporation, Russian Venture Company