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Home > News > Russians buy big stake in Canada's nanotechnology

April 13th, 2009

Russians buy big stake in Canada's nanotechnology

Abstract:
A state-owned Russian venture capital fund is poised to pump millions of dollars into Canada's fledgling nanotechnology industry, Canwest News Service has learned.

Senior officials from the Russian Corporation of Nanotechnologies ó which calls itself RUSNANO ó were in Windsor, Ont., Toronto, and Ottawa last week meeting with scientists and entrepreneurs as well as provincial and federal officials as part of their global search for promising nanotechnology companies that need some seed money.

"What we saw we liked," said Alexander Losyukov, RUSNANO's deputy director general for international co-operation, in an interview in Ottawa. "Scientists are getting engaged."

Source:
calgaryherald.com

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