Anatoly Chubais, Head of RUSNANO Management Company: “The Nanoindustry Is Helping Us Implement Key National Projects”

12 March 2019

On March 11, Anatoly Chubais, Chairman of the Board of RUSNANO Management Company took part in the Development Institutes Forum, which focused on questions relating to support for Russian companies that are attractive for investors and have a high export potential.

Other participants in the plenary session included Vasily Osmakov, Russian Deputy Minister for Industry and Trade, Vadim Zhivulin, Russian Deputy Minister for Economic Development, Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs, Kirill Dmitriev, General Director of the Russian Direct Investment Fund, Igor Shuvalov, Head of VEB, Roman Petrutsa, Director of the Industrial Development Fund, Andrey Slepnev, General Director of Russian Export Centre JSC, Irina Makhieva, Deputy Head of Vnesheconombank (VEB), Kirill Varlamov, Director of the Internet Initiatives Development Fund and Arkady Dvorkovich, Joint Head of the Skolkovo Foundation and head of the Board of Directors of RUSNANO.

Development Institutes Forum

The main subject of the Forum was the role of development institutes in the implementation of the national projects defined in Order of the President of the Russian Federation “On National Goals and Strategic Priorities for the Development of the Russian Federation up to 2024”, dated May 7, 2018.

According to Anatoly Chubais, the RUSNANO Group is making a significant contribution to a number of national projects, including, among others, Labour Productivity and the support of Employment, International Cooperation and Exports, Education, Science, and Healthcare.

Thus, in 2018 the labour productivity index in RUSNANO portfolio companies was RUB 6.5 mln per person, 47% higher than the figure for the manufacturing sector as a whole, which was RUB 4.4 mln per person. In 2017, the total export sales of nanotechnology companies amounted to $1.3 bln, with an annual growth rate of 39.4%. That puts the nanotechnology sector in fourth place, when compared with other key sectors of the Russian high technology export market.

Development Institutes Forum

RUSNANO portfolio companies also generate a continuous demand for R&D from private businesses. According to the head of the company, Russia ranks very well on a global level in terms of budgets for science, but private businesses only account for a tiny proportion of R&D spending. The RUB 33 bln spent by RUSNANO portfolio companies on R&D is thus a very considerable amount, and Anatoly Chubais believes that, in the long term, this spending is likely to increase at a faster rate than GDP.

The Development Institutes Forum was organised by the Russian Union of Industrialists and Entrepreneurs, the Russian Chamber of Trade and Industry, Delovaya Rossiya, Opora Russia, VEB Russia, the Industrial Development Fund, the Russian Export Centre and MCP Corporation. Anatoly Chubais is a member of the ICIE’s executive committee. Issues discussed in the Forum included cooperation between development institutes and the community of entrepreneurs, effective practices and instruments, and new approaches to state support for businesses in order to help achieve economic breakthroughs and reach national development goals.

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 97 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.