On September 6 Tatarstan Prime Minister Ildar Khalikov held a session of the Board of guardians of the Investment and Venture Fund (IVF) of the Republic of Tatarstan.

The issue of investing into the project “Development of a ready-made commercial product – equipment for processing low-quality wood into liquid fuel” (OOO “EnergoLesProm”) was on the agenda. The enterprise was established in 2007 to develop and promote the technology for thermo-chemical processing of waste wood into liquid fuel (bio oil) at the market with the support of Tatarstan IVF. Today, OOO “EnergoLesProm” is the Solkovo resident and a member of Russian bio fuel association.

The enterprise is going to develop a commercial product and introduce it at the Russian and international market. Besides, members of Board of guardians discussed the issue of membership of Tatarstan Investment-venture fund in International Venture Club (IVC). Director of Tatarstan investment and Venture Fund Aynur Aydeldinov made a short report on this issue.

To the point, IVC has worked since 2011 offers opportunities for representatives of European venture industry for effective coordination and co-investment of companies and projects. The leading venture funds, world high-tech companies, state development institutes are IVC members. 360Capital Partners, Earlybird, Sofinnova, Capricorn Venture Partners, Finnvera, Intesa Sanpaolo, BASF, Dow Chemicals, Logitech, Philips, Sony, etc. are among them.

IVC members obtain free access to events held by European partners, the right to take part in round tables for investors, receive discounts for participation in events of European Tech Tour.

It is supposed that membership of Tatarstan Investment and Venture Fund in IVC will enable presenting Tatarstan Republic to a wide range of representatives of European financial, business and venture spheres, attracting venture investments, promoting Tatarstan venture projects in European business-community and give access to European and world venture capital.