RUSNANO’s TechnoSpark Startup Has Boosted the Diamond Growth Rate
The new technology developed by CVD Spark enables faster synthesis of artificial gem diamonds, expanding the possibilities of mass production with consistent quality. CVD Spark is part of the TechnoSpark Group of Companies, which is part of the investment network of the RUSNANO’s Fund for Infrastructure and Educational Programs.
As a result, the Russian market has been able to reduce the cost of producing gem diamonds.
The CVD Spark’s proposed technology for synthesizing single-crystalline diamonds for gems is based on the chemical vapor deposition (CVD) method. Since 2018, global production of “ethical” lab-grown diamonds has been growing rapidly, at more than 15% per year, to more than 10 mln carats in 2020, while natural diamonds have been declining (150 mln carats in 2018, 140 mln in 2019).
“The company is now scaling up the technology for mass production. The company plans to increase its capacity to 1,000 carats a year in 2021. In addition, we expect to get a significant share of the world market of artificial gen diamonds,” said Oleg Lysak, CEO of the TechnoSpark Group.
CVD Spark develops technologies for growing gem and industrial diamonds using Russia’s largest fleet of CVD reactors and has been engaged in contract manufacturing of laboratory diamonds since 2012. The facility and its laboratory are located in New Moscow (Troitsk) in the TechnoSpark Group’s technology campus. In 2021, gem diamond production will be spun off into a separate company with the participation of private co-investors.
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 Sergey Kulikov.
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The TechnoSpark Group of Companies, a part of the investment network of the Fund for Infrastructure and Educational Programs, is involved in all aspects of venture creation: from establishing a start-up to its sale. The TechnoSpark Group of Companies is in the hardware industry, working in areas, such as robotics in logistics, energy storage systems, hi-tech medical equipment, diamond optics, braided composites, optical and industrial surfaces, genomics, industrial microbiology, thin-film integrated photovoltaics, additive technologies and flexible electronics. The Group of Companies is in first place according to the National rating of Russia’s most effective technology parks and was included in the National Rating of Russian Fast-growing Technology Companies, TechUp 2019. It is also a part of the community of startup studios, the Global Startup Studio Network (GSSN).
For more information about the company, visit technospark.ru