Russia’s Nanotechnology Corporation (Rosnano) will account for half of the country’s “midterm” investment of $10 billion in nanotechnology, according to Deputy Prime Minister Sergei Ivanov. Established in 2007 by the Russian government, Rosnano is designed to attract private investments in nanotechnology and to improve the country’s nanotechnology output. Rosnano is currently set to receive $4.65 billion from the government and, according to Rosnano Chief Anatoly Chubais, plans to double that investment over eight years. Rosnano plans to invest $715 billion in 20 projects over the next three months. Rosnano will provides loans, legal services, tax services as well as scientific expertise to both foreign and domestic businesses that produce nanotechnology-based products in Russia.

Source: The Moscow Times