1. State Activities to Support
Innovations in Russia
Foundation for Assistance to Small Innovative
Enterprises (FASIE)
LOGO

2. Definition of a “small innovative
enterprise (SIE)” in Russia
– Company with a commercial legal status
– Company carrying out R&D with the further
and producing product based on Intellectual
Property Rights belonging to a company
– Company with a number of employees not
exceeding 100 people
– Turnover less than 14 mln USD
– Share capital: less than 25% belonging to
foreign companies and individuals, state and
large businesses (exception- spin offs)

3. FASIE’s MISSION
To develop and carry out activities of the
State assistance to commercialization of
new knowledge into products and services
by small companies:
early stage financing

4. Company financing sources

5. 3F, Business CORPORATION
O angels FUNDS
E
R
G Russian Venture N
A T Company Seed T T
N E E E
R I C O Fund C
R
E R
& Z H F H
Q
D A N F N
U P
T O E SEED START-UPs O
L R L
E R
I S
O O S O I
T
G G S
N
Y Y
S E
FASIE
S
Venture
Funds
Russian Venture PRIVATE
Company (OJSC) EQUITY

6. FASIE, main facts
Set up by
- The government of Russia, 03.02.1994
Financed through
-1,5% of federal budget for R&D
-(4,0 billion Rubles for 2011 or 140 mln USD)
Form of assistance
- The state contract for R&D
Policy and control by
- The Supervisory Board
Expertise
- Independent experts

7. Interaction with development institutes
FASIE Seed Investment Fund Russian Venture Company
(RVC)
GC VEB, GC RUSNANO, RVC,
Foundation for Development of
the Center of Research and
FASIE Commercializing of New RAS, Its
Technologies in Skolkovo
Continuous financing of
FASIE GC VEB, GC RUSNANO, RVC,
projects at all stages of an
innovative cycle RAS, Opora Russia.
The agreement on an information
FASIE exchange and additional review GC RUSNANO
of projects

8. Continuous financing at all stages
of an innovative cycle
Add
The MICEXGroup’s
MICEX Group’s
Add
GC Vnesheconombank
Add
GC RUSNANO
Up to 50 mln.rub.
Russian Venture Company (RVC)
Up to 15 mln. rub.
FASIE

9. Fund results 1994-2011
Applications submitted and over 25 000
reviewed
Projects supported over 9 000
New innovative SMEs created over 4 000
New workplaces created Over 25 000

10. Export
support,
bilateral Internationalization
FASIE
Target
programs Growth
FASIE
START Seed
FASIE
U.M.N.I.K Pre-seed
4

11. Directions (Priorities)
Medicine
pharmacology Chemistry
new materials
Information
technologies
Instruments,
electronic devices
Biotechnology machinery
agriculture
Criteria to be met for “Assistance”
Small innovative enterprise
R&D
IPR ownership
New IPR created

12. (pre-seed stage)
U.M.N.I.K. Program
The aim:
Stimulation of mass participation of young
scientists in scientific and technical
innovative activity by organizational and
financial support.
 A nominee should be a physical person from 18 to 28 years
 good scientific background behind each idea is an important criteria
 Each winner of the Program receives 200 thousand rubles a year
 No need to organize enterprise for first two years
 Since 09/2006 till 04/2011 670 conferences were organized and 4800
winners chosen.

13. (Seed stage)
START Program
Results of R&D
S&T Concept Business plan New product
Small R&D implementation Small Attracting off-budget Small Achieving the indicators of
Innov. to reduce risks for Innov. (private) investments or Innov. the business plan; product
company: off-budget (private) company: beginning of product manufacturing
company:
investors manufacturing
Up to 1,0 Up to 2,0 mln. Up to 3,0
mln. Roubles, parity mln.
Roubles co-financing Roubles
Investor
FASIE Investor
FASIE
FASIE
1st year 2nd 3rd year
seed stage year

14. Advantages
The ground floor
of an “innovative
elevator”
B
How to protect
and license IPR
A C
How to create a
company
Pluses of
participation
different types of E D Who are they –
IPR “Investors”

15. “ START” Results 2004-2011
4 000 projects were supported
4 000 new innovative SME’s
13 000 applications
600 innovative SME’s passed on to the second year;
150 passed on to the third year;
120 innovative SMEs finished a three-year cycle.

16. (growth stage)
Target Programs
The aim:
To support successful small innovative
enterprises in specific prioritized thematic
areas of economy.
Three directions (out of 5) of the national
priorities of the Russian economy set by
the President of the Russian Federation
Energy efficiency and energy saving;
Information and communication
technologies;
Health and Pharmaceutical industry
 (Nuclear technologies)
 (Space technologies)

17. (Internationalization stage)
Export-oriented and bilateral
The aim:
To support successful small innovative
enterprises to increase their competitiveness on
the international market and give access to .
 Program to support small innovative companies with the
export potential (2008, 2010- over 100 companies financed)
“Anticrisis” program 2009 (110 companies being financed)
 Bilateral financing programs with European funding
agencies
Multilateral programs (pilot initiatives)

18. Bilateral memorandums signed with:
Germany, International Bureau of BMBF
(since 2008, over 50 projects financed)
France, a public-sector institution providing
support to French SME’s
(since 2009, 11 projects financed, on-going
process of selection of proposals)
Finland, the Funding Agency for Technology and
Innovation
(since 2011, 24 proposals received, 7 selected
for financing)

19. Multilateral cooperation:
Pilot initiative (Russia, Germany, Israel, Greece, Turkey,
Switzerland), FASIE acts as a funding agency
70 applications received, 11 projects financed
Participation in the program since 2005
Mechanism to support contacts with countries
outside bilateral agreements
New challenges with the new bureau of “Eureka” in
Skolkovo
Consulting support to SME’s in terms of participation
Low level of participation..
FP7 project where FASIE acts as a partner
AND financing agency. Joint funding
mechanisms in the area of Industrial
Biotechnology

20. International collaboration: networking
is the first step
 Gate to Russian Business and Innovation
Network (Gate2RuBIN) is the Russian “gate”
to EEN
Results:
Over 35 partnership agreements with the European companies and the
scientific organizations.
4 joint applications have been submitted in FP7 and over 20 applications for
international cooperation
 26 centers are currently working in all regions of Russia.
 IEI Program (France), direct
 B2B workshops and seminars (Germany)

21. LOGO