RUSNANO Will Achieve Outrunning Growth Rates in the Nanotech Industry by 2023

29 March 2018

RUSNANO’s Board has approved the Company’s long-term development programme until 2023 (hereinafter, “the Programme”).  According to this document, RUSNANO’s main objective is to become Russia’s global technology investor in projects implementing advanced nanotechnologies. The Company will continue its current course, aimed at attracting private resources to new direct and venture investment funds which are under RUSNANO Management Company’s management.

The LP fund business model will allow up to 150 billion roubles of third-party investments to be attracted to portfolio companies and nanotechnology funds by 2020, and up to 170 billion roubles—by 2023.   If RUSNANO Management Company is sold to foreign investors, the amount of money attracted to new nanotech funds will be increased by 55 billion roubles by 2023, making a total of 225 billion roubles. 

Growth in production, and in the export of nanotech industry products  will remain RUSNANO’s top priority..  Its strategic focus will shift from absolute indices to relative growth rates which outpace general economic targets. The Programme provides for annual growth rate in the nanotech industry proceeds of 1-1.5 percentage points higher than general industrial production, as well as a growth in exports of nanotech industry products which exceeds the RF’s exports (except for oil and gas sector exports) by 1-1.5 percentage points.  These target figures should be sufficient to ensure the growth of the innovative economy’s share in Russia’s GDP.

Proceeds obtained from the sale of investments will allow the payment of 6 billion roubles’ of dividends to the State by 2023.

RUSNANO’s investments in nanotech projects will create significant social and economic benefits. The number of new enterprises commissioned in the territory of the RF with participation of RUSNANO and nanotechnologies investment funds will reach 100 in 2020 and 120 by 2023. By 2020, the accrued tax revenues of portfolio companies will amount to 221 billion roubles, 1.7 times more than the State’s initial contribution to  RUSNANO at the time of its establishment. 45,000 jobs will have been created in portfolio companies and new investment funds by 2020, and by 2023 this figure will have increased to 53,000. Hi-tech projects created with RUSNANO’s participation will fund R&D to the amount of 67 billion roubles by 2020 and to the amount of 91 billion roubles by 2023.

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.

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.