NATIONAL INNOVATION FUND National Innovation System NIS 2005

NATIONAL INNOVATION FUND

National Innovation System (NIS): 2005 -2015 I stage III stage IV stage 2005 -2007 2008 -2010 2011 -2013 2014 -2015 Improvement of NIS elements co-ordination mechanisms NIS sustainable development with state expenditures reduction and increase of private investments Exits from state venture funds and innovation projects NIS creation with active government participation 2005 2008 2011 2014 201517

National Innovation System • Role of the government • Partnership with private capital • Open system Innovation Infrastructure Science Technoparks, Businessincubators Financial Infrastructure Parasat NIF, Venture funds universities, Researching institutes and laboratories Industry Large state and private enterprises

Coordination in National innovation system Cost of company Traditional investors Domestic venture capital Science Fund NIF Seed start-up Early Expansion

Investments in 2003 -2007 Dynamics and structure Dynamics of investments Structure of investments млрд. тенге Growth of investment portfolio on more than 3 times

Investments in 2003 -2007 Structure by countries (bln. tenge)

About National Innovation Fund Quick facts: ▪ 2003 - year of incorporation ▪ $265 million – size of NIF capital ▪ $2. 2 billion – size of Kazyna capital (holding organization) ▪ 11 number of invested VCs (6 in Kazakhstan, 5 abroad) ▪ 5 number of technoparks owned Profit in 2007: 629 mln. Tenge (5. 2 mln USD) Mission: growth of innovation activity in Kazakhstan, development of high-tech and science - intensive production facilities.

Venture Funds in Kazakhstan NIF’S Investments – $60 млн JSC «Lancaster Group Kazakhstan» Specialization: pharma/biotechnology Fund size: $20 mln. NIF’s Participation: $10 млн. JSC «Turan. Alem Securities» Specialization : general Fund size: $30 mln. NIF’s Participation : $10 mln. JSC «Sentras Capital» Specialization : start-up companies Fund size: $20 mln. JSC «Glotur» Specialization : NIF’s Participation : $10 mln. ICT Fund size: $20 mln. NIF’s Participation : $10 mln. JSC Almaty Venture Capital Specialization : construction materials and technologies Fund size: $20 mln. NIF’s Participation : $10 mln. JSC «Seven Rivers Capital» Specialization : ICT Fund size: $20 mln. NIF’s Participation : $10 mln.

Foreign Venture Funds NIF’S Investments – $35 mln CASEF SEAF, IFC, SECO, USAID (Middle Asia) Specialization: small and medium business in Central Asia Size: $13 mln. Wellington Partners III Specialization : ICT Size: $180 mln. ВФ Flagship Ventures Fund 2004 Специализация: ICT and Life. Science Size: $150 mln. Mayban-JAIC ASEAN Fund Specialization: small and medium business in Central Asia Size: $50 mln. Vertex III Fund Specialization: ICT Size: $174 mln.

Venture funds network Charter Capital: $500 mln. Charter Capital: $150 mln. NIF’s share: $ 1. 5 mln. NIF’s share: $ 5 mln. Capitalization 20$ mio , NIF’s share 10$ mio

Technoparks LLP «Technopark «Algorithm» Charter Cap. =539, 4 mln. KZT ETTC’s share=400 mln. KZT LLP «Technopark «Uni. Scien. Tech» Charter Cap. =967 mln. KZT ETTC’s share=400 mln. KZT «Technopark «Alatau IT-City» LLP «Almaty regional technology park» JSC «Technopark «Kaz. NTU» Ch. C=116, 5 mln. KZT ETTC’ share=65, 8 mln. KZT

Thanks for your attention! JSC «National Innovation Fund» Abai, 26 “A” Almaty, 050013 Kazakhstan Tel: +7 (3272) 599 -816 Fax: +7 (3272) 599 -839 E-mail: info@nif. kz Web-site: www. nif. kz