OREANDA-NEWS. July 01, 2011. RBD-related “Modernization Innovation Development” Management Company has started selection innovative and modernization SMEs for participation in their capital via the closed investment fund for direct investments “Modernization Innovations Development” (MIR Foundation), reported the press-centre of RBD.

MIR Foundation targets participation in the equity capital of companies for further financing of projects of RUB 50-100 million. Investment horizon is 3-5 years. MIR’s source of funding are RBD loans and Russian and foreign investors.

Project search and selection is performed in cooperation with partner banks. Currently 8 projects are under due diligence.

For more information on MIR Management Company and Foundation visit www.fundmir.ru.