RUSNANO and Catalyst Equity Management Ltd. Take Steps to Create Russian-Israeli Investment Fund
RUSNANO and Catalyst Equity Management Ltd. have agreed on term-sheet for establishment of the Russian-Israeli RUSNANO Investment Fund. After other investors have been joined, the term-sheet will become a basis for further Fund approval by RUSNANO’s Board of Directors. Anticipated RUSNANO’s commitment to the Fund is USD 50 Million.
RUSNANO regards Israel as one of its most important strategic partners. In 2010 Russia and Israel signed an intergovernmental agreement for collaboration in industrial research and development. RUSNANO and the Office of the Chief Scientist of the Ministry of Industry, Trade & Labor of Israel were designated its executing organizations.
The next stage of international collaboration is the foundation of an Israeli subsidiary, RUSNANO-Israel. The company expects registration to be complete by yearend. The Israeli office will be responsible for selecting projects to realize jointly with Israeli partners, finding co-investors, organizing transfer of technology, and laying groundwork to produce promising nano-enabled goods in Russia.