The Government House of the Republic of Tatarstan holds the Supervisory Board meeting of Investment and Venture Fund of the Republic of Tatarstan

The meeting was held in the Cabinet of Ministers of Tatarstan Republic.
 
Discussing the possibility to invest into the project of “Developing a final commercial product – an equipment to recycle low quality wood material into fuel oil” (“EnergoLesProm” LLC) was on the agenda. The company was established in 2007 with the aim of developing and bringing into the market a new wood-fuel recycling (bio oil) technology. The development of the company was being supported by Investment and Venture Fund of the Republic of Tatarstan.
 
Today “EnergoLesProm” LLC is the resident of “Skolkovo” fund and the member of the Russian Bio Oil Association.
 
The company proposes to develop a product and to offer it into the Russian and International markets.

Moreover, the Supervisory Board discussed the possibility for IVF RT to become a member of the International Venture Club, IVC. IVF RT CEO Aynur Aydeldinov presented a short report on this matter.

IVC have been working since 2011 and offer the representatives of the European venture industry an opportunity to cooperate with high level efficiency performance and provide funding for companies and projects. The members of IVC are the leading European venture funds, the world leading high technology companies, state development institutions, including 360 Capital Partners, Earlybird, Sofinnova, Capricorn Venture Partners, Finnvera, Intesa Sanpaolo, BASF, Dow Chemicals, Logitech, Philips, Sony etc. The IVC members have a free access to all events which are organized by the European partners, to participate in discussions with investors, and access to discounts on the European Tech Tour events.
 
It is suggested that to be the IVC member will enable IVF RT to introduce Tatarstan Republic to business circles and venture environment of Europe and to get an easier access to the European and the world venture capital. In addition to this, it will assist in promoting venture projects of Tatarstan Republic in the European business community and bringing venture investment.