The present section of the RUSSBA website is specially intended for innovative companies (or individuals who initiate innovative projects) which require investments to develop their businesses at early stages (namely seed and start-up stages) in the amounts of maximum 30 million rubles.  

              Currently, RUSSBA incorporates circa one hundred private and institutional investors who are ready to invest in innovative and rapidly growing companies to gain high returns. Also, RUSSBA accepts projects for consideration even if no enterprises are established yet to implement those projects but their initiators are ready to do so in case of obtaining investments.  

              RUSSBA can be viewed as a platform for direct contacts between investors and companies who need investments. In most cases, these contacts are established at RUSSBA Presentation Sessions. RUSSBA brings a company to the investing stage. To that effect, experts of the Union perform, jointly with project initiators, review and assessment of the presented projects, and if they are evaluated as promising for commercialization, prepare documents required to present the projects to investors. This joint work results in a business proposal on the project, developed in a format required by business angels and venture funds, and its presentation at the RUSSBA Presentation Session.

              Measures aimed at attaining investments to the prepared projects may also be taken after the Session.

 PROJECT INITIATORS SHOULD PAY ATTENTION TO:

              To participate in the process of reviewing, your project should meet the number of investing criteria listed below. Please pay attention to the following project-relating materials before forwarding your project to RUSSBA, since companies which do not comply with the given criteria will not be considered.

              Be sure that you have prepared your answers to the following questions:

•  What specific product or service will be offered on the market?

•  The proposed product has significant competitive advantages as compared to existing analogs and known competitors;

•  Major consumers (buyers) of the product are defined;

•  Extensional and growing market for this product exists;

•  The existing market allows making both the product and the overall project highly cost-effective (i.e. higher than with traditional businesses);

•  The amount of investments required and expense items are defined.

INVESTING CRITERIA  

              Every day, RUSSBA accepts project checklists (resumes), business plans and business proposals. To be considered, your proposals should meet the following criteria:

•  The project should be an innovative, orhigh-yielding and rapidly growing one;

•  The company should be at its early (seed or start-up) development stage.

PROCEDURE FOR REVIEWING AN APPLICATION (an innovative project checklist)

              If your company meets the above criteria, you may fill in your on-line application for investments, i.e. your innovative project checklist outlining basic features of your project.

                      Some companies matching the above criteria will be chosen for further consideration, and our experts will contact them for more detailed review.  Be it the case, more detailed information on the project will be required in the RUSSBA business proposal format. 

•  Detailed description of technology (product) without know-how disclosures; 
•  Competitive advantages and existing competitors; 
•  Legal protection of intellectual property; 
•  Marketing plan; 
•  Information on the company; 
•  Organizational structure and personnel (team); 
•  Expected rate of return and other financial indicators. Critical factors of success; 
•  Strategies for exit and other aspects of the project.

Companies matching RUSSBA investing criteria will undergo the following steps:  

STEP 1: Filling-in the innovative project Checklist  

At the initial stage, RUSSBA experts review an application for investing, i.e. an innovative project checklist where major features of a project are briefly described. A standard Checklist form can be filled-in on the RUSSBA website.  RUSSBA only reviews the checklists which were filled-in according to that format unless some other format is proposed by RUSSBA experts for that project.  

If RUSSBA experts do not contact you within 10 working days after filling-in the Checklist, this will indicate that your project has not been selected for further examination. If more detailed or refined information is provided the project may be reviewed again.

STEP 2: Detailed review by RUSSBA experts (preparation of the business proposal)

Some projects will be selected for further, more detailed examination. In this case, RUSSBA experts will contact you by telephone. If your project is selected for further review, you will be required to prepare more detailed information on the project as per the RUSSBA format.  If you already have the project business plan, it can be used. RUSSBA experts will assist you in preparing a business proposal for investors.  

STEP 3: Assessment of projects to be presented to potential investors

Companies which have passed the expert review and prepared their business proposals may be invited to the face-to-face interview to make acquaintance, to refine some project-relating issues and to evaluate opportunities for cooperation. At this stage, the business value and investors’ shares will be assessed. If a decision is made to proceed with the project, the project initiator will be suggested to sign an agreement on attainment of investments, and preparation of the project to the presentation to potential investors will commence. Independent technological, patent, legal, marketing and financial-economic expertise of the project can be carried out if required.  

STEP 4: Preparation to the presentation  

To present your project to potential investors, you will be required to prepare a 10-minute presentation using PowerPoint facilities together with a brief description of your project. The project will be transferred to the RUSSBA Expert Council where experienced business angels and venture capitalists will give their assessments and recommendations to the project initiators.  

The Expert Council will make the final decision on which companies will be presented to potential investors at the RUSSBA Presentation Session.

STEP 5: Project presentation to investors at the RUSSBA Presentation Session

In compliance with its Work Plan, RUSSBA arranges Presentation Sessions where selected companies are invited to present their projects to business angels, venture capitalists and other interested potential investors. Each company delivers its 10-minute presentation; the time is also given to answer the questions. Upon completion of that stage, investors nay contact the company either directly or through the experts to obtain additional information and assistance or to appoint the next meeting.

STEP 6:  Further promotion

After the RUSSBA Presentation Session, if no investors who attended it expressed their interest to the project, RUSSBA will promote that project via providing opportunities to its initiators to take part in venture fairs, government-backed contests, direct proposals to potential investors, sector corporations, publications in specialized editions, in the Internet, or at the next presentation sessions in the framework of inter-regional and inter-country communication. обмена.

NOTE:

Since investments in innovative projects involve high risks, any project may be rejected at any stage.  

Unfortunately, RUSSBA is unable to issue its reviews or to answer to all applicants. Please note that in any case your projects will be stored in our database to which we refer having received investors’ inquiries.  

Projects which have passed the selection stage will be available for reviewing by potential investors after processing thereof.  

Please fill in the Innovative Project Checklist as per the form attached.  

QUESTIONNAIRES FOR INVESTING

ATTENTION!  Applicants who wish to place their Questionnaires

in the International Business-Angel Network

may fill in the form in English

APPLY FOR FUNDING