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October 15th, 2008

Nanotechnology corporation said to be unscathed by crisis

Abstract:
The global financial crisis is unlikely to hinder the projects of the Russian Corporation of Nanotechnologies (RCNT) financially, the corporation's chief Anatoly Chubais told journalists in Moscow today. He pointed out that the funds allocated to the RCNT by the government had been efficiently placed even before the crisis broke out.

Chubais noted, however, that companies could lose interest in innovative projects within a year or two. This is why the state corporation needs to begin more actively offering various new innovative projects and options for their implementation to businesses, Chubais stressed. He added that the RCNT was currently considering bids for 90 projects. Four projects have been launched, Chubais stated, and hopefully there will be six of them in a week. He also declared that the RCNT planned to approve up to 22 investment projects for funding in 2008 and the first quarter of 2009.

Source:
rbcnews.com

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