"We are extremely pleased by our strategic relationship. Our partnership with VentureChoice brings exposure and expertise that will ensure we excel in growing our portfolio companies." Tumendelger Baljinnyam, NVC's General Manager
Ulaanbaatar, Mongolia (PRWEB) April 26, 2010
The National Venture Capital, LLC (NVC) today announced entering into a partnership and joining VentureChoice Investors' Network to broaden its venture investment activities.
Located in capital city Ulaanbaatar, NVC is the pioneer venture capital firm and largest non banking financial institution in Mongolia. NVC provides a unique financing opportunity to regional startups and growth stage companies.
NVC is utilizing the relationship to expand its reach while implementing venture management best practices. As part of the plans for launch of new investment fund, NVC is adopting Heptalysis methodology for venture assessment (http://www.heptalysis.com), with staff currently undergoing formal certification program.
Commenting on the relationship, Tumendelger Baljinnyam, NVC’s General Manager said, "We are extremely pleased by our strategic relationship. Our partnership with VentureChoice brings exposure and expertise that will ensure we excel in growing our portfolio companies."
NVC was established in 2007 and provides equity financing to the private sector and also offers a broad range of financial management and advisory services. The investment strategy of NVC focuses on the businesses at the seed and startup stages from the food and agriculture, nano and bio tech, renewal energy, IT and advanced construction material industries. NVC is a subsidiary of FSCo, Financial Services Corporation. The Financial Services Corporation of Mongolia -FSCO (http://www.fscomongolia.com) is the first and only available comprehensive financial services providing company established in 2007 to introduce in Mongolia more advanced new and challenging services such as venture capital investment, life insurance and investment banking through its subsidiary companies in the group.
NVC can be reached at http://www.nvcmongolia.com
Headquartered in Silicon Valley, California, VentureChoice is a Venture Advisory firm and Investment forum representing an exclusive network of Individuals, Institutional and Corporate Investors who are seeking attractive investment, syndication and acquisition opportunities in private sector. VentureChoice offers incubation and venture development services to high-tech entrepreneurs and investors and provides the expertise, experience and exposure needed to make innovation-based ventures successful.
VentureChoice can be reached at http://www.VentureChoice.com
For Press Relations
The National Venture Capital, LLC