RUSNANO Will Create Fund for Investment in High Tech Companies of Far East

18 July 2017

RUSNANO together with RVC and the Far East Development Fund will create an investment fund for investments in high tech region companies. The target fund size should be 10 bln roubles.

FEDF, RVC and RUSNANO will participate in the “Far East Fund of the Development and Implementation of High Technologies” in equal portions. The Fund will be established for 7 years, the investment period will be 3 years. The average amount of one investment in the projects of the venture stage will not exceed 100 million roubles, in the projects of the growth stage—1 bln roubles. The Fund will be organized in the form of private equity fund, whereby RUSNANO will act as the managing partner (GP).

The Fund will be oriented towards the investments in high tech companies in the territory of the Far East Federal district. The amount of funds dedicated for the projects with a nano component will correspond to at least 30% of the investment portfolio. The Fund will invest in the companies from the following fields: new materials and surfaces, machine engineering and instrument engineering, metallurgy and metal finishing, energetics, construction, robotic science as well as biotechnologies and nuclear medicine, optoelectronics and nanoelectronics. At the moment, there is a pipeline of the Fund, which includes nearly 30 companies.

“Far East is the unique region due to its geographical position. On the one hand, the remoteness from main industrial centres served as the driver of the local industry development. On the other hand, the selling markets are oriented towards the countries of the Asian-Pacific Region. The Fund establishment will fulfil the purposes of the region development, generation of additional investments, preservation and enhancement of technical potential, cumulated by industrial enterprises of the Far East over the years, as well as increase of the competitiveness of their products on western markets”, said the deputy Chairman of the Board of Management Company RUSNANO Oleg Kiselev.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 95 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 4 years.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.