RUSNANO Group and the Russian Export Center to Help Enterprises of the Russian Nanoindustry to Enter Global Markets

31 May 2016

RUSNANO Group and the Russian Export Center have completed a cooperation agreement. The document was signed by the Chairman of the Executive Board of Management Company RUSNANO LLC Anatoly Chubais, Chief Executive Officer of the Fund for Infrastructure and Educational Programs (FIEP) Andrey Svinarenko, and General Director of the Russian Export Center (REC) Peter Fradkov.

RUSNANO Group and the Russian Export Center to Help Enterprises of the Russian Nanoindustry to Enter Global Markets

From left to right: General Director of the Russian Export Center (REC) Peter Fradkov, Chairman of the Executive Board of Management Company RUSNANO LLC Anatoly Chubais, and Chief Executive Officer of the Fund for Infrastructure and Educational Programs (FIEP) Andrey Svinarenko

The aim of the agreement is to provide support to Russian innovation companies as they enter foreign markets. Moreover, it is not only RUSNANO’s portfolio companies, FIEP nanocenter residents or members of the Russian Nanoindustry Association that will be able to rely on such support but independent businesses too.

At specialised conferences and meetings, the parties to the agreement will talk about the measures of support for the export of hi-tech products that may be provided by development institutions and public authorities of the Russian Federation. The main focus of the work undertaken by the Parties will be the promotion of Russian technology products on foreign markets. 

RUSNANO will compile a list of technology products competitive on the international market and oversee the interaction between its manufacturer and the Russian Export Center. The Fund of Infrastructure and Educational Programs is set to optimise the existing programs designed to stimulate demand with an understanding of the need for the promotion of nanotechnology products on foreign markets. REC will help hi-tech companies properly structure their export project and undergo all the procedures related to its registration. Furthermore, manufacturers of hi-tech products will receive assistance in the adaptation of goods for export to be in line with international standards, and will be able to participate in the support programs regarding foreign patenting as well as existing and upcoming educational projects of the Parties to the cooperation agreement.

“Do not limit the creation of hi-tech champions to the national market only - they need to be competitive abroad, on the world stage as well. That is why RUSNANO always sets its projects the goal of breaking out of the local market. Although the real volume of export of Russian nanotechnology products in 2015 exceeded the planned level, at 195 billion roubles compared to the planned 180 billion, I am certain that the potential is significantly greater. I believe that the signing of the agreement with REC is a vital step that will facilitate a new growth trend in the export of Russian nanotechnology products,” noted Anatoly Chubais.

“The development of hi-tech exports is one of the priority areas of work of the Russian Export Center, and our agreement with RUSNANO and the Fund for Infrastructure and Educational Programs will allow us to increase the support provided to exporters of hi-tech products. REC has already begun working with RUSNANO’s portfolio companies, developing a spectrum of non-financial measures and financial support for them that involve the issues of intellectual property protection and lending funds during their export activity. I am confident that together with RUSNANO and FIEP we will be able to actively promote Russian innovations on foreign markets,” said Peter Fradkov.

Additional information

Reference

The Russian Export Center is a state export support institution established with the support of the Russian Government. The Center is a one-stop-shop for exporters providing financial and non-financial support, and interacting with relevant ministries and agencies. As part of establishing the one-stop-shop service, the Export Insurance Agency of Russia (EXIAR) and JS Eximbank of Russia will be integrated into the Russian Export Center Group.

Further details can be found on the Russian Export Center website: exportcenter.ru

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The Limited Liability Company Management Company RUSNANO was founded in December 2013 as part of the implementation of the Strategy of JSC RUSNANO until 2020 that provides for the management of the investment portfolio of the company and formation of new nanotechnology investment funds.

The Chairman of the Executive Board of Management Company RUSNANO LLC is Anatoly Chubais.

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The Fund for Infrastructure and Educational Programs was established in 2010 in accordance with Federal Law No. 211-FZ “On reorganization of the Russian Corporation of Nanotechnologies.” The Fund aims to develop the innovative infrastructure in the sphere of nanotechnology and implement the educational and infrastructure programs already started by RUSNANO.

The supreme collegial management body of the Fund is the Supervisory Board. Under the Fund’s Charter, the competence of the Supervisory Council, in particular, includes the issues of determining the priority directions of the Fund’s activity, as well as its strategy and budget. The Chairman of the Fund’s Executive Board, the collegial management body, is the Chairman of the Board of Management Company RUSNANO LLC Anatoly Chubais; the Chief Executive Officer of the Fund is Andrey Svinarenko.