Russian Venture Company (RVC) is a government fund of venture funds. Also RVC’s is one of the Russian Federation’s key tools in building a national innovation ecosystem. As of September 2010, RVC has backed ten funds with a capitalization, collectively, of RUB 22 billion (USD 710 million). RVC’s stake in these funds is, collectively, RUB 12 billion (USD 383 million). These RVC-backed funds collectively had a portfolio of 31 companies in which they had invested capital of RUB 4.5 billion (USD 143 million).