Founded in 2010 and based in Moscow, Russia, FPI Innovation Fund LP invests in nanotechnology, engineering, and entrepreneurial sectors. The firm's mission is to transform scientific projects into commercially viable businesses by identifying and acquiring high-potential projects that can provide the highest investment returns. They seek projects globally with a focus on Russian-speaking scientists, engineers, and entrepreneurs. FPI Ventures aims to acquire projects at their earliest stage possible, actively develop them in hands-on mode, and minimize early high-risk investments by pursuing the milestone-based funding principle.