Transcript Слайд 1 - JMK Contact

Industrial-innovative strategy of
Kazakhstan: new opportunities for the US
business
National Innovation Fund Of
Kazakhstan
September 9, 2005
San Diego
National Innovation Fund
Republic of Kazakhstan
• Established
May 30, 2003
• Charter capital
$ 150 million
• Shareholder
Government of Kazakhstan
(100%)
• Associate member of the European Private Equity and
Venture Capital Association and Singapore Venture
Funds Association
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www.nif.kz
National Innovation Fund
Republic of Kazakhstan
Our mission:
• Increase innovative activity in Каzakhstan
• Support and promote development of high technologies
How we achieve our objectives
We:
 Create venture funds together with domestic and foreign investors
 Finance promising applied R&D
 Make equity investments in innovation projects and infrastructure for
innovations
 Establish technology business incubators and centers of excellence
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www.nif.kz
National Innovation Fund
Republic of Kazakhstan
Development Institutions in Kazakhstan:
• Kazakhstan Investment Fund
• Kazakhstan Development Bank
• Export Insurance Corporation
• National Innovation Fund
• Center for Marketing and
Analytical Research
• Center for Engineering and Transfer of
Technology
• Kazakhstan Contract Agency
Corporate Investors
Research Institutes, centers of
excellence
Universities, laboratories, IC2,
MIT, CRDF
International Financial
Organizations
Kazakhstan & Foreign
Governments
National Academy of Science
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www.nif.kz
National Innovation Fund
Republic of Kazakhstan
Investment strategy of the Fund
Types of investments
50%
35%
10%
Venture Funds
Innovation
projects
Infrastructure
conducive to
innovation
Applied research
and development
$10 mln
$5 mln
$0.3 mln
$0.25 mln
Investment limits
5%
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www.nif.kz
National Innovation Fund
Republic of Kazakhstan
Priorities of the Fund
•
Information technology
•
Alternative sources of energy
•
Biotechnologies, pharmaceuticals
•
New materials and nanotechnology
•
Technologies for hydrocarbon industries and
related services
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www.nif.kz
National Innovation Fund
Kazakhstan
Republic of
Principles of investment in venture funds:
• Investment policy is in line with the Fund objectives
•
•
The Fund is a minority shareholder (up to 49%)
Professional management team
Principles of investments in innovation
projects:
• New technology or advanced existing product/technology
•
•
•
•
•
Project is commercially viable
Minority interest of the Fund (up to 49% of chartered
capital)
Well defined time-horizon for investment
Staged financing
Qualified management
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www.nif.k
z
National Innovation Fund
Republic of Kazakhstan
The Fund’s Investments in Venture Funds
Our current portfolio:
founder
joined
partner
1st Stage
2nd Stage
• Areket VC Fund
$5 mln.
$10 mln.
$21 mln.
• Advant VC Fund
$5 mln.
$10 mln.
$21 mln.
• Centras VC Fund
$5 mln.
$10 mln.
$21 mln.
• CASEF Private Equity $2 mln
$6.6 mln.
$17.6mln.
• Wellington Partners
$10 mln.
Total Capital
$180mln.
Our plans:
• Halyk Private Equity
$ 20 mln.
• Kazakhstan-Baltic VC Fund
$ 20-50 mln.
• Kazakhstan-Asian Technology Fund
$ 20-50 mln.
• Kazakhstan Technology VC Fund
$ 20 mln.
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National Innovation Fund
Republic of Kazakhstan
The NIF in the world venture funds system
European Venture
Funds
Association
«CASEF»
(in cooperation with
IFC, SECO, SEAF)
«Wellington III Tech. Fund
L.P.» (Germany)
NIF
Singapore Association
of Venture Funds
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www.nif.kz
National Innovation Fund
Republic of Kazakhstan
The Fund’s Investments in innovation projects
Our current portfolio: 5 projects for $72.5 mln. in:
• Telecommunication
• Space engineering
• Pharmaceutical industry
• Mining/gas service industries
Our plans: 16 projects for $36 mln. in:
• Software development
• Hi-Tech
• IT technologies
• Telecommunication
• Pharmaceutical/bio-technologies
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National Innovation Fund
Republic of Kazakhstan
Perspective areas for cooperation:
Wind power generation industry
• Kazakhstan’s wind energy potential capacity - 1.8bln. kW-hr
• Pilot project on construction of the first wind power station in the Jungar
Gate in the South-East of Kazakhstan
• Max. capacity
- 5.5mWt.
• Total cost of the pilot project - $5.5 mln.
UNDP
- $1.0 mln.
NIF
- $2.7mln.
US/EUN investors
- $1.8 mil
• Second stage
- $ 170.0mln.
The winner gets a contract for guaranteed purchase of electric power for a
max. price of 3.5 cents/KW/hr.
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National Innovation Fund
Republic of Kazakhstan
Perspective areas for cooperation:
The Methane Project (Karaganda, Central Kazakhstan)
Operator: Schlumberger
STAGES:
1 stage (pilot phase) – drilling of 6 pilot wells
Total Cost: $13-20 mln, duration: 12-18 months
Fund: 35% ($7 mln)
Petrol Total Establishment - 20% ($4 mln);
US/EUN investors - 45% ($9 mln).
2 stage (commercial phase) – drilling and exploration of 110 commercial wells
Total Cost: $180-220 mln, duration: 25 years
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National Innovation Fund
Republic of Kazakhstan
Perspective areas for cooperation:
Pharmaceutical Industry
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Kazakhstan pharmaceutical market - $518 mln
•
Share of domestic pharmaceutical industry – 9%
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Production of antibiotics in Stepnogorsk, Central Kazakhstan.
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Total project cost
- € 45-50 mln.
•
Start of industrial production
- 2008 year
Other perspective projects includes:
- Production of anti tuberculosis medications – $20 mln;
- Production of bio-degradable packaging – up to $40 mln;
- Production of insulin – up to $150 mln.
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National Innovation Fund
Republic of Kazakhstan
Perspective areas for cooperation:
IT City “Alatau”
•
Total area – 340 hectares
•
Free economic zone
•
Includes 4 clusters:
- Manufacturing
- Training
- Apartments & leisure
- Commerce
•
43 ongoing projects with the leading high tech companies
We offer US companies partnership in
managing the IT city and developing high
tech projects
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National Innovation Fund
Republic of Kazakhstan
Collaboration with the US:
• Joined R&D program with CRDF
• Center of Excellence with the World Bank
• Two business incubators with the IC2 at Austin,
Texas
• Flagship Venture Funds 2004, LP
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Thank you
26A, Abay avenue,
Almaty, 050013
Republic of Kazakhstan
Tel: 011-7- 3272 599816
Fax: 011-7- 3272 599839
E-mail: [email protected]
Web-site: www.nif.kz
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