Transcript Global Venture Fund

Global Venture Fund
Eurasian Economic Club of Scientists
Astana Economic Forum
AEF GLOBAL VENTURE FUND
Initiative of H.E. The
President of the Kazakhstan
N.A.Nazarbayev
* Image is courtesy of the official website of the President of the
Republic of Kazakhstan www.akorda.kz
The IDEA
 Promoting projects and recommendations of AEF
 Funding projects and recommendations of AEF
and other viable projects
 GVF will have representation & investors from
international organizations, investment houses,
banks, family offices, sovereign funds etc.
 GVF will have experts from foreign sovereign
entities, financial organizations and institutions
as needed
The IDEA
This will enable:
 Increase of progressive experience &
knowledge transfer
 Effective implementation of research, system
and technology
 Integration with projects recommended in
AEF
 Implementation of efficient management of
financial resources for one of the best IRR for
such venture fund
GOALS
 Lure venture capital into various businesses
 Focus on investing into projects and ideas
that help creating professionally controlled,
healthy and sustainable economy
 Strategic allocation:
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SME
Agrarian development
Medical development
Renewable energy
Community development
 Innovation Technologies in
mining and other areas
 Bio-technologies
 infrastructure
Ultimate Goal
KAZAKH VALLEY:
Unique phenomenon for the world to
watch and reckon
Rationale
 Industry-Comprehensive venture capital fund
 International Organizations or Government funding is
rarely efficiently implemented
 Communication and discussion of GVF projects through
G-Global platform  effective universal monitoring of
project implementation
 GVF is a unique and alternative Global fund, specialized
in research, systems, technology and integration
projects
Rationale
Global Venture Fund launch / implementation would
bring:
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Better job opportunities
Economic reforms
Necessary investment for social and community projects
Help to eliminate poverty by 10% in Phase 1 target regions
Spur real economic growth
Philosophy
Vision
Establish dynamic venture capital industry to focus on key
growth areas to put Kazakhstan along with growth frontiers
Mission
Originate appropriate crucial funding to accomplish our
objective of growth strategy, attract a world-class multi-cultural
professional team, create strategic institutional alliances and
engage all the essential resources to put the wheels in motion
Strategy
The FEB intends to raise $ 5 billion from various
partners and sovereigns that it has identified. In order
to comply with our philosophy and to complete our
mission, our Business Strategy will involve following :
- Develop the
appropriate framework
for GVF
- Design an innovative
brand and image for the
GVF
- Employ a highly
motivated, skilled multicultural management
team to manage all the
areas in an efficient
professional manner
- Develop alliances with
strategic global financial
institutions
- Target an IRR of 30%+
over 5 year initial plan
- Appropriate
Governance Structure
- Implement an effective
and efficient Management
Information System (MIS)
- Establish and
implement best practice
for GVF from risk
management perspective
- Encourage
performance, team and
skill enhancement
structure amongst
management team and
employees
- Implement a strong
marketing program
Founders and Co-Founders
AEF GVF is being created with initiative of Initiative of The
President of the Kazakhstan H.E. N. A. Nazarbayev. Further
Stimulation is going to be sought with support from:-
 NWF “SAMRUK-KAZYNA”,
KAZAKHSTAN
 NATIONAL INNOVATION FUND,
KAZAKHSTAN
 HOLDING “PARASAT”, KAZAKHSTAN
 INTELLIGENCE IN SCIENCE, BELGIUM
 REINVENTING BRETTON WOODS
COMMITTEE, FRANCE
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MAXIM CORPORATE FINANCE LLP, UK
EUROPEAN COMMISSION, EUROPE
EUROPEAN COUNCIL, EUROPE
GTZ, GERMANY
THE WORLD BANK, USA
EBRD, EUROPE
OTHER INTERNATIONAL FINANCIAL AND
NON-FINANCIAL ORGANIZATIONS
The Fund
 The First milestone for the Fund US$ 5 billion
 The Fund should be further built as we go along
 The Fund will NOT be used for personal purposes of founders
 The Fund has to be used for it’s intended purpose, according
to the strict rules & procedures
 The Fund shall be used to finance the most viable projects
 For long-term projects, funding should be reviewed on annual
basis, with a reserve fund for a minimum of 2 years
Organization
Founders
Executive
Board
Audit
Project
Monitoring Team
Project
Selection &
I.M.
Committee
Executive
Management
Board
Project PR &
Marketing Team
Coordination &
Operational
Team
Legal
Project
Implementation
Team
Evaluation
Team
Screening
Research
Committee
Executive Management Board
(EMB)
 EMB will be represented by Kazakhstani and
International experts – Managing Directors for each area
of specialization
 Responsibilities: overall strategy, Investment
management, direction, operational policy and
implementation of strategic goals of AEF GVF
 Sets annual budget
 Quarterly meetings
Project Selection Committee
(PSC)
 3-year long tenure
 Consists of Venture Fund and independent experts
 Responsible for evaluation and selection of projects
 Proposes a pool of projects to EMB
 Gets quarterly updates on all started projects from the
monitoring team
Project Database
Online Publication
Database
Online Research Portal
of Central Asia
• Scientific papers and
articles in a single
database
• Possibility for
citation of authors
• Ranking of Authors in
Central Asia (Phase
1)
• Integration with
other public
databases (EBSCO,
Elsvier, etc)
• Announcement of
research projects by
categories
• Info on grants &
financial support
• Info on mobility
infrastructure
• Info on researchers
by categories
Astana Forum Network
Television – Marketing
communications
• 1st stage: TV
programs in local
and international
media
• 2nd stage: Astana
Forum Online TV
• 3rd Stage Astana
Forum Satellite TV
Project Database (Cont’d)
Creation of a Model
for Single Global
Currency
Creation of a Model
for Single World
Statistics
Building a New
International Forum
Center in Astana
• Market
parameters
• Social and
Economic
Parameters
• Demographic
parameters
• Phased approach
• A single trade and
retail system
• Purchasing power
through fair trade
system
• For organizing
International
Forums of EECSA
• For organizing
exhibitions,
symposiums,
cultural and
business events of
Astana
Composition and Ownership
 The % allocation will be assigned in consultation with
respective sovereign and other entities
 Two members of FEB – Mr. Waheed Qaiser and Mr. Murat
Karymsakov will take this function and present a report
to FEB
 The draw down will take place upon successful
screening
 The Partners will be required to inject 2% of their
commitment into the fund – this will result in $100
million for the Fund.
Next Steps
 Business plan /
 Fund strategy, policy and
Information memorandum
procedure
 Appointment of FEB and
EMB
 IT infrastructure and team
in place
 Setting up the Fund after  Creation of relevant
complying with local
manuals (credit, risk, HR,
regulations
Controls, Data protection,
Money Laundering,
 Appointment of
Compliance, etc)
committees and
management
 Initiation of first 5
projects
Implementation Plan
Identify and appoint
key team members
and executive
management
Initiate preliminary
setup of GVF
Finalize on GVF’s
initial policies and
procedures
Appoint FEB
Complete the
setup process
Appoint EMB and
other operational
staff
January 2013
STAGE 3
STAGE 1
July/August
2012
STAGE 2
October 2012
Implementation
of a full service
GVF
Summary
 AEF will be a catalyst with its recommendations on
necessary projects & ground-breaking initiatives aimed
at sustainable growth and reforms
 Success is the sum of small efforts. Our aim is economic
well-being, social harmony and overall prosperity.
 The project management team will consist of following
FEB members:
 Mr. Murat Karymsakov
 Mr. Nurbek Achilov
 Mr. Waheed Qaiser
Contact Details
Mr. Murat Karymsakov
Chairman of Executive Body of Eurasian
Economic Club of Scientists
Email. [email protected]
&
Mr Nurbek Achilov
Vice Chairman
email. [email protected]
 Temirkazyk Str. 65, #116
Astana, Kazakhstan
T.: +7 7172 701 832
M.: + 7 701 940 29 78
Mr Waheed Qaiser
President & Vice Chairman
Maxim Corporate Finance LLP
55 Old Broad Street
London
EC2M 1RX
Email [email protected]
Tel. +44 7965 608801