Wednesday, November 22, 2017

UrFU hosts venture capital seminar for area start-up companies

Ural Federal University launched the first seminar in its new training program to help regional start-up companies secure investment funding last week.

Held Oct. 9-11. the inaugural training program centered on the formation of mechanisms of seed and venture financing in the Urals. The seminar gathered more than 40 employees of small innovative enterprises, technology parks, innovation centers, universities, government and industrial companies throughout the Sverdlovsk region as well as invited experts from Moscow, St. Petersburg, Israel and the U.S.

In the first session of the three-day event, Astelion CEO Marat Kapelyushnik provided an overview of the experiences in venture and seed investment among Russian and foreign entities. Kapelyushnik shared methods of managing the success and development of start-up companies.

Attendees also heard from Dipanjan Nag, the president of U.S.-headquartered IPShakti, who discussed the international venture capital market. Later, Neva-Patent Law Firm Deputy Director General Alexei Petrov discussed the nuanced legality of venture deals.

The seminar concluded with a workshop on pitching start-up ideas to potential investors. Marchmont Capital Partners CEO Kendrick White related the tactics he used in securing initial funding for his business.

In the second and final session of the training program, participants will be required to present their projects to a panel of venture capitalists from Russian and foreign agencies.

The two-part venture capital training program was developed by UrFU in collaboration with the Sverdlovsk regional government and the New Eurasia Fund.