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Chinese investment group Cybernaut will invest 200 million dollars in Russian startups

The Skolkovo Foundation and the Chinese Cybernaut Investment Group signed an agreement to create a joint venture fund worth $ 200 million to finance promising projects in the field of IT and robotics. All the money for the venture fund will be allocated by Cybernaut, explained EastRussia in the Skolkovo press service,

The agreement was signed on April 21, the first Russian-Chinese business forum "Great prospects for small and medium-sized businesses."

In addition to the venture fund, it is planned to create a joint business incubator on the territory of the Skolkovo innovation center and a robotics center. According to EastRussia, the joint business incubator will be located in the Skolkovo Technopark, and the joint robotics center will be located in China. The start of the project is scheduled for the third quarter of 2015.

"We plan to develop such areas as robotics and in general the so-called smart technologies, they are very much in demand here in China. Why do we go to Russia? We understood a simple thing: you have technology, we have a market. In my opinion, this is a good combination for cooperation, "RBC reports the words of the managing partner of the Cybernaut investment group.

"The signing of an agreement between the Skolkovo Foundation and Cybernaut Investment Group is an important step in the development of Russian-Chinese cooperation in the field of innovation," Deputy Prime Minister of the Russian Federation Arkady Dvorkovich said at the forum.

The two-day forum is held at the initiative of the Ministry of Economic Development of the Russian Federation, the Russian-Chinese Friendship, Peace and Development Committee, the Russian-Chinese Business Council, the Russian Agency for Small and Medium Enterprises and the China International Association for the Promotion of Transnational Corporations.

During the forum presentations of investment potentials of subjects of Russia and provinces of China were held. Participants discussed the prospects of state co-financing of Russian-Chinese projects of small and medium-sized enterprises, as well as issues of labor migration regulation, protection of intellectual property and the rights of entrepreneurs in general, TASS reported.

Как reported earlier EastRussia, a branch of the Skolkovo Foundation will appear in Primorye. This was announced today at the opening of the All-Russian Startup Tour of the Foundation on the basis of the FEFU 2 of April.

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