Asian Venture Capitalists Visit RUSNANO
A group of venture capitalists and heads of investor associations from China, Hong Kong and the Republic of Korea have visited RUSNANO as part of the 3rd Global Innovation Partnerships forum. RUSNANO’s top executives including Chairman of the Executive Board Anatoly Chubais provided the visitors with an overview of the company’s performance. The participants of the meeting outlined the areas of future collaboration. The opportunities offered by Rusnano include the access to the company’s extensive expertise in science and technology, co-investment and assistance with setting up research and production facilities in Russia.
The Global Innovation Partnerships forum, held in Russia for the third time, has brought together representatives of Asian venture capital and private equity funds with $60 bln under management. The conference participants also included heads of Asia’s leading investor associations who manage over $800 bln of funds.
The first forum, held in Russia in 2010, was aimed at drawing venture capital partners from the U.S. The second forum was focused on fostering Russia’s collaboration with Europe. These two conferences resulted in a number of cross-border high-tech investment projects with a total value of over $1 bln.
RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO’s mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies.