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National Innovation Fund Of Kazakhstan

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

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National Innovation Fund Of Kazakhstan

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  1. Industrial-innovative strategy of Kazakhstan: new opportunities for the US business National Innovation Fund Of Kazakhstan September 9, 2005 San Diego

  2. 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 www.nif.kz

  3. 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 www.nif.kz

  4. 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 www.nif.kz

  5. National Innovation Fund Republic of Kazakhstan Investment strategy of the Fund Types of investments 50% 35% 10% 5% Venture Funds Innovation projects Infrastructure conducive to innovation Applied research and development $10 mln $5 mln $0.3mln $0.25 mln Investment limits www.nif.kz

  6. 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 www.nif.kz

  7. National Innovation Fund Republic of Kazakhstan 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 • 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 Principles of investments in innovation projects: www.nif.kz

  8. National Innovation Fund Republic of Kazakhstan The Fund’s Investments in Venture Funds Our current portfolio: • 1st Stage2nd StageTotal Capital • 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. $180mln. • 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. founder Our plans: joined partner

  9. National Innovation Fund Republic of Kazakhstan The NIF in the world venture funds system EuropeanVenture Funds Association «CASEF» (in cooperation withIFC, SECO, SEAF) «Wellington III Tech. Fund L.P.» (Germany) NIF SingaporeAssociation of Venture Funds www.nif.kz

  10. National Innovation Fund Republic of Kazakhstan The Fund’s Investments in innovation projects • Telecommunication • Space engineering • Pharmaceutical industry • Mining/gas service industries Our current portfolio: 5 projects for $72.5 mln. in: Our plans: 16 projects for $36 mln. in: • Software development • Hi-Tech • IT technologies • Telecommunication • Pharmaceutical/bio-technologies

  11. 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.

  12. 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

  13. National Innovation Fund Republic of Kazakhstan Perspective areas for cooperation: Pharmaceutical Industry • Kazakhstan pharmaceutical market - $518 mln • Share of domestic pharmaceutical industry – 9% • Production of antibiotics in Stepnogorsk, Central Kazakhstan. • 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.

  14. National Innovation Fund Republic of Kazakhstan Perspective areas for cooperation: IT City “Alatau” • Total area – 340 hectares • Free economic zone • Includes 4 clusters: • 43 ongoing projects with the leading high tech companies - Manufacturing - Training - Apartments & leisure - Commerce We offer US companies partnership in managing the IT city and developing high tech projects

  15. 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

  16. Thank you 26A, Abay avenue, Almaty, 050013 Republic of Kazakhstan Tel: 011-7- 3272 599816 Fax: 011-7- 3272599839 E-mail: info@nif.kz Web-site: www.nif.kz

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