OOO VEB Innovations is a venture capital arm of State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) specializing in venture capital and debt investments. The firm seeks to invest in high technology projects of the Skolkovo Foundation. It seeks to invest in space and telecommunications, biomedical technologies, energy efficient technology, information and computer technologies, and nuclear technologies. Within space and telecommunications, the firm focuses on terrestrial mainline communications, mobile communications and data transmission, space communications, projects aimed at developing production of the means of communication and telecommunication, development of industrial space technologies, development of functional space technologies including software, and projects aimed at creating mission-oriented space systems. Within biomedical technologies, it focuses on computer modeling for the pharmaceutical industry, new healthcare methods and technologies for combating pandemics, novel pharmaceuticals, drug delivery systems, personalized medicine, medical equipment, devices, implants and materials, and medical radiology. Within energy efficient technology, the firm focuses on efficiency improvement in the field of renewable energy sources, energy metering technologies, materials, engineering solutions and technologies improving industrial energy efficiency, materials and technologies reducing energy loss in heat distribution networks and electric power transmission systems, and materials and technologies optimizing energy consumption by industrial and residential objects. Within information and computer technologies, it focuses on cloud computing, new methods of information storage, processing, and transfer, analytics software, images, video and voice recognition and processing, mobile applications, Web X.0, and IT security. Within nuclear technologies, the firm focuses on radiation technologies, technologies for the development of new properties of materials, mechanical and instrumentation engineering technologies, novel microelectronics technologies, designing and construction of complicated objects, complex objects modeling and engineering, and nuclear science technologies. It seeks to invest in companies based in Russia. The firm seeks to invest in the form of equity and loans. It can co-invest in projects obtaining grants of the Skolkovo Innovation Center. The firm will co-invest only with grants of the seed and start-up stages. OOO VEB Innovations is based in Moscow, Russia.