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RUSNANO CEO prioritizes company's main tasks for 2009
The CEO of the Russian Corporation of Nanotechnologies, Anatoly Chubais, has approved by the Corporation’s main tasks for the year of 2009.
One of the tasks set is to shift the investment policy from simple acceptance of applications for financing the nanotechnological developments to active search and, in the long term, to placing the order for the new projects. The adoption of this approach into the investment strategy is aimed at realizing cluster projects resulting in creation of final nano-enabled products that are linked in one technological chain or involve similar methods for production. This will create the conditions for a multiplicative effect in the development of Russian nanoindustry.
According to the decree, a several venture and seed funds including ones that attract foreign capital must be formed this year with the participation of RUSNANO. These funds are aimed at widening the range of opportunities for investment into Russian nanotechnological projects at an early stage.
RUSNANO plans to launch several new infrastructural projects before the end of the year, aimed at involving small and medium-sized business in the innovation sphere.
In the mean time, RUSNANO intends to stimulate the export of Russian nanoindustry production in 2009. In particular, the Corporation plans to analyze the main barriers restraining export and infrastructural conditions necessary for its increase.
The transfer of 85 billion rubles from RUSNANO’s temporarily surplus funds to the national budget will not affect the accomplishment of the Corporation’s tasks for 2009. The funds remaining at RUSNANO’s disposal are sufficient to fulfil the investment plans for this year. Thus, the Corporation does not plan the early withdrawal of the deposits from commercial banks. It is assumed that the transfer of spare cash to the budget of the Russian Federation will be done only after the term of allocation is over. The Corporation relies on their return in 2010-2011 in order to fulfil the RUSNANO business strategy approved by state – bringing the volume of sales to the Russian production of nanoindustry to 900 billion rubles by 2015.