‛The Board of directors will be responsible for strategic management. The managing company will execute the direct managing of Fund’s assets. The choice of managing company will be verified by the Board of Directors. Possibly it will be chosen through the tender but this is the competence of the Board of Directors“,— said the resource in Miniformsvyaz. ‛The managing company will be defined in the beginning of 2008, after the execution the additional emission issuance“,— says Grigory Bunatyan.

The venture fund will execute the additional emission in the beginning of 2008 for attracting the non-public capital. Approximate amount of the emission is 1,45 billion rubles – such amount will be granted to the Fund from the Investment Fund of the Russian Federation after registration in the Tax Department.  ‛It’ll be the open issuance“ – says the head of the Fund. Rosinfocominvest will define the conditions for executing of the issuance till the end of 2007.

‛At present will collect the lot of the documents for receiving the registration in the Tax Department“,— says Grigory Bunatyan. According to his words, till the end of this week the documents will be provided to the registration in the Tax Department, and within ten days the Fund must be registered as the juridical entity. ‛Immediately after registration we’ll open the accounts and will direct the documents to the Mineconomrazvitiya for granting the money form the Investment Fund of the Russian Federation“,- continues Grigory Bunatyan.

‛We hope to finalize all stages for executing the additional emission to the spring,  2008. After that we’ll start the financing of the projects“,— says Grigory Bunatyan. Mininformsvyazi also confirms that financing of the projects will begin straight after the attracting of the private resources. ‛Decree of the Russian Government defines one year for that after the moment of state registration. It is not later that autumn, 2008“,— the press-service of Mininformsvyazi says. Fund will invest not more than 100 million rubles for one investment project.

‛Fund focuses on the ICT branch and targets for the activities with the partners, who are understand the global tendencies of ICT market development. Today we have comprehension, who among the private investors can take participation in the Fund’s activity“,— press-service of Mininformsvyazi quotes the words of Leonid Reyman,  Minister of Information Technologies and Communications of the Russian Federation. ‛Already now many Russian and foreign financials apply their interest to the Fund’s activities“,— added Grigory Bunatyan to the ComNews reporter.

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According to the order of Rosimuschestvo the revision commission was also organized. It consists of the following persons: Ms.Lyubov Timoshenko, Director for the Department of State Policy in the Sphere of Economic, Financial and Investment Activities of Mininformsvyazi, her Deputy Ms.Galina Zakharyascheva, and Ms.Galina Panova, Director for International Center of Strategic Economical Researches of Financial Academy under the Government of the Russian Federation, counselor for Monetary Chamber of the Russian Federation.

The decision for creation of the JSC ‛Rosinfocominvest“ was adopted by the Government of the Russian Federation on August 9, 2006. According to the preliminary plans, venture Fund for the projects in ICT sphere had to start its activities in August, 2007 as the responsible for its creation, Mininformsvyaz and Mineconomrazvitiya finished the preparation of the documents and agreed them. But the stage of coordination and registration of the documents was delayed.

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