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Past Issue
December/January 2007

The USRCCNE Monthly Newsletter
For those with interests bridging the US and Russia


Catherine Mannick, Vice President of USRCCNEWelcome!
By Catherine Mannick, USRCCNE Vice President

Holiday greetings from the US-Russia Chamber of Commerce of New England! We’re wrapping up another year of exciting programs and events for our members, and are looking forward to another active year in 2008. Our most recent event was the First Annual US-Russia Business Angel Symposium – Boston Region Open Doors (BROD), which took place on November 12 at the Babson Executive Conference Center in Wellesley, Massachusetts. This first of its kind event was a joint project of our Chamber, the Russian Venture Capital and Private Equity Association (RAVI) and Babson College. In the course of a one-day program, entrepreneurs and angel and venture capital investors from Russia and New England gathered for training and discussions, culminating with an interactive case study session featuring business plan presentations by US and Russian technology start-ups. The program was sponsored by Chamber member McDermott Will & Emery and PricewaterhouseCoopers with the support of the Russian National Union of Business Angels and the US Civilian Research and Development Foundation.

It is our plan to build on the success of BROD and expand our collaborations with RAVI and other partners to develop a series of programs to support cooperation between the investors and technology entrepreneurs in New England and Russia. This month's newsletter focuses on our most recent Business Angel Symposium and includes copies of speaker presentations, a summary article, and other information.

We'll begin 2008 with our Holiday Dinner on Thursday, January 10, at Café St. Petersburg in Newton, Massachusetts. This is one of our most popular social events, and seating is limited, so we encourage you to register early!

As always, we thank you for supporting the US-Russia Chamber of Commerce of New England, and extend our best wishes to you and your families for the coming New Year.


Upcoming Events

Washington, D.C., Dec 11 - Business Opportunities in Russia and Ukraine, a BISNIS event, will feature presentations from Russian and Ukrainian officials and members of the business community to give an honest overview of this region with a combined population of almost 200 million people, a booming middle class, and the price of commodities reaching an all-time high. USRCCNE

Newton, MA, Jan 10th. - The USRCCNE Holiday Dinner will be a great chance for us to gather together, relax and enjoy the holiday season with friends and colleagues. The Cafe St. Petersburg will be providing lots of traditional Russian food, and lots of food popular in Russia. Sign up in advance to get a place at this great event!



Angel Investment Symposium

Conference attendees meet after the official signing of the memorandum of mutual understanding.

Symposium attendees listen to presentations at the Angel Investment Symposium.

 Special Feature:
Angel Investment Symposium

Russian and American Angels Touch Wings
This article summarizes the recent successful Angel Investment Conference. This conference brought together business people and investors from across America and Russia and delivered many informative presentations and plenty of time to make contacts. 

Memorandum of Mutual Understanding (PDF)
The Angel Investment Conference resulted in a memorandum of mutual understanding between the major parties participating in the effort to help build investment opportunities in hi-tech markets between Russian and the US. The document is also available in Russian.

Russian Private Equity Review  (PPT)
This Powerpoint presentation was used at the Angel Investment Conference. In it, the Russian Private Equity and Venture Capital Association delivers lots of raw - and often surprising - data on where Russian equity is coming from, and where it is going.

Investment Trends in Russia's Regions (PDF)
Marchmont Capital Partners, one of the leading producers of information about venture investment in Russia, offers this pdf document detailing the need for and activity of business investors in Russia. It overviews the available support structure for new businesses, including incubators, special economic zones, technoparks, and other support organizations.

Returns to Angel Investors in Groups (PDF)
This study looked at the long-asked question of what is the average or usual return on angel investments? The study found that, for instance, 7% of all exits reaped returns of more than ten times the initial investment.

Union of Business Angel Investors of Russia  (PPT)
This new organization is striving to bring better communication and information to the business angel market in Russia. This long Powerpoint presentation gives a wide view of the opportunities for and challenges facing business angels in Russia.

Private Investment in Russian Innovation Projects
The U.S. Civilian Research & Development Foundation (CRDF) is a nonprofit organization authorized by the U.S. Congress and established in 1995 by the National Science Foundation. They presented this information on the importance of supporting technology projects in Russia.


Why Do We Need Angel Investment?

The symposium also brought potential targets for angel investment to the fore, in the hopes of finding for their ideas the material support needed to bring them to fruition. The array of projects awaiting funding shows that innovation will continue to alter every aspect of our modern lives. Angel investment gives individuals with access to wealth the ability to personally push innovation forward - and make money doing it!

Leukemia Treatment
This product has a good chance of becoming first ever non-invasive inducer of endogenous interferon-α with few side effects, thus providing a groundbreaking tool for therapy of IFN-responding diseases (Hepatitis C, Leukemia and more); currently it is 5 billion USD market ripe for growth.

Television Broadcasting to Mobile Phones
The market for this service is already established and growing. By 2010-2011, estimates put the worth of the worldwide market at 10 billion USD.

Better Jobs, Better Employees
A revolutionary web service seeks to harness the power of the Internet to create effective social groups to place potential employers and employees in closer, more productive contact.  

Treatment for Nerve Damage   (no website available)
The unique property of this drug is to regenerate broken nerve fibers. It could someday be used in neurosurgery,  neurology, reconstructive surgery, microsurgery, and traumatic surgery.


Other Articles of Interest

Obzor: Review of Russian Economic News
What effect will the political changes have on the economy? What about foreign investment? What is happening in Russian science and technology? What labor issues are important in Russia? Our monthly "Obzor" gives you a brief overview of all these things in one handy web page.

PBN Russia Election Update
PBN brings you this concise report on the results of Russia's recent parliamentary elections. Perhaps most surprising is that United Russia's sweeping victory has actually not radically altered party representation in the Russian Duma.  

Cyphermint Chairman to Lead Mobile Payments Development Task Force
Cyphermint’s Chairman of the Board, Dr. Ivan Kuznetsov, has been named as Project Leader for Mobile Payments of the Information Communication Union (ICU) of Russia.

Russian Corner: Russian Prenuptial Agreements 
While the definition of a prenuptial agreement is fairly universal, their regulation and enforcement substantially differs in Russia, if compared to similar practices in Western countries.

Just for Fun: Life at Moscow State University's Dorms 
Remember your college days? This article by a British student reveals living in MGU's dorms reveals what life is like for the foreign and Russian students who live there.

As always, this newsletter is dependent on you. If you have an announcement or a news item to be included in our newsletter, or if you would like to subscribe to this free publication, please contact us.


Joining the USRCCNE is Easy
Members of the USRCCNE become a part of a vibrant network of individuals and firms dedicated to furthering business opportunities between the U.S. and Russia. We work with business organizations in the US and in Russia to bring exposure to the USRCCNE, and ultimately, to our members.

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