New Industry Ventures

New Industry Ventures is a venture capital firm based in Moscow, Russia, established by Gazprom Neft, Gazprombank, Russian Venture Company, and VEB Innovations. The firm specializes in investing in technology startups that focus on the oil and gas industry, petrochemicals, and energy sectors, including alternative energy solutions. Its primary objective is to promote high-tech products and support innovative companies and startups that are vital to the development of the Russian oil and gas sector and the broader fuel and energy industry. The fund prioritizes investments in technologies related to exploration, production, processing, and transportation of hydrocarbons, as well as energy transmission and storage. Additionally, it seeks innovative solutions for industrial infrastructure and large-scale project management, with a strong emphasis on resource and energy-saving technologies and digital advancements.