Beginning in 2008 Advanced Research has carried out a number of research projects aimed at determining biotechnological potential of Russian economy. The development strategy of biotechnology in Russia till 2020 was developed in partnership with Russian Biotechnological Society named after Y.A. Ovchinnikov. Analysis of development opportunities for biotechnology in Russian regions were investigated. Together with leading industry experts ways to improve Russian legal framework relevant to biotechnology were studied.

As a result Advanced Research experts gained deep insight of biotechnological potential of Russia.

For many countries biotechnology is becoming key direction for economic development. Biotechnology has significant economic potential in Russia due to our vast territory, diversity of natural resources and biomass volume.

Biotechnology is a highly innovative industry. However in recent years a bigger emphasis was made on such innovative industries as IT and telecommunications, while biotechnology was lagging behind in terms of growth and support.

The importance of biotechnology was recently acknowledged by Russian government and business. Given appropriate governmental support Russia will be able to build a solid foundation for bioeconomy, based on usage of renewable energy sources and products.

Advanced Research and Minerva Capital Partners join efforts to facilitate and promote development of biotechnological start-up projects via financing raised from Seed fund of RVC and private investors.

About Minerva Capital Partners:

Minerva Capital Partners Ltd. – venture partner of RVC. Dmitry Zeitlin and Sergey Gribov are co-founders and managing partners of Minerva Capital Partners. Both partners have 20-years experience of investing activity in USA, Israel and Russia.

Minerva Capital Partners specialized in seed and start-up stages of commercializing the following technologies:

• Medicine and bioinformatics;
• Security systems and equipment;
• nanotechnology;
• water demineralization and distillation;
• information technology and internet.