Home > Press > Republic of Sakha (Yakutia) to become a Co-Investor for RUSNANO and ONEXIM Group Project through OJSC Republican Investment Company
During a meeting at the St. Petersburg Economic Forum, Anatoly Chubais, RUSNANO CEO, and Vyacheslav Shtyrov, President of Republic of Sakha (Yakutia), decided to include OJSC Republican Investment Company (RIC) as a co-investor for the project titled Solid-State Lighting: New Generation of Environmentally Friendly and Energy Efficient Nanotechnology-Based Lighting.
Republic of Sakha (Yakutia) to become a Co-Investor for RUSNANO and ONEXIM Group Project through OJSC Republican Investment Company
St. Petersburg, Russia | Posted on June 8th, 2009
This project was approved by RUSNANO Supervisory Council in late 2008. Initially, RUSNANO, ONEXIM, and Yalamov Ural Optical and Mechanical Plant (UOMP) were expected to act as co-investors. Since UOMP would have failed to meet the original project completion date, RUSNANO and ONEXIM Group decided to invite RIC as a project co-investor. The Company has committed to provide 626.34 million rubles for project co-financing.
During the meeting, Anatoly Chubais and Vyacheslav Shtyrov decided to continue co-investing in nanotechnology projects, including those to be located in Yakutia. The parties also addresses future cooperation in venture funds foundation and in training personnel in the Research and Education Center of the Ammosov Yakutsk State University, and discussed government procurement of nanotechnology-based products for Northern Regions and the Far East.
As a result of the meeting, Anatoly Chubais, RUSNANO CEO, and Alexander Fedotov, RIC Director General, inked an agreement on cooperation between RUSNANO and OJSC Republican Investment Company (RIC).
OJSC Republican Investment Company (RIC) was founded in 2005 under the Resolution of the Sakha (Yakutia) Government. RIC is one of the largest companies in the Republic of Sakha (Yakutia), its equity capital being 35.2 billion rubles. The Company makes investments into the construction of Berkakit-Tommot-Yakutsk railway under the federal global program pursuing a joint interest of the Russian Federation and the Republic of Sakha (Yakutia) in setting up a unified reliable transportation system in the North-East Region. RIC's activities include financing such programs as installation of gas service in towns and villages, capital construction and renewal of motor roads, power supply facilities, housing, and social facilities in the Republic of Sakha (Yakutia).
The Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law ¹ 139-FZ to enable Government policy in the field of Nanotechnology.
To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector.
RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nanoscience and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term foresight created by the leading Russian and world experts.
To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.
For more information, please click here
Nametkina Street, 12A, Moscow, Russia 117420.
P.: +7 495 5424444
F.: +7 495 5424434
Copyright © RUSNANO
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
News and information
Canatu Launches CNB In-Mold Film for Transparent Touch on 3D Surfaces –in Cars, Household Appliances, Wearables, Portables November 20th, 2014
Sustainable Nanotechnologies Project November 20th, 2014
Quantum mechanical calculations reveal the hidden states of enzyme active sites November 20th, 2014
UO-industry collaboration points to improved nanomaterials: University of Oregon microscope puts spotlight on the surface structure of quantum dots for designing new solar devices November 20th, 2014
Biosenta Inc. Updates New Household Disinfectant Testing Results; It Kills 100% of a Broad Range of Deadly Molds, Fungi, Bacteria, and Viruses, Including Ebola and Enterovirus D68 November 20th, 2014
NEI Development Update on NANOMYTE® TC-5001, a Protective Coating for Zinc-Plated and Galvanized Steel November 8th, 2014
HZO Teams With Deutsche Telekom to Unveil the Waterproof Tolino Vision 2 eReader: The New HZO Protected eReader Ushers in a New Era of Waterproof Electronics, Providing a Seamless User Experience Without the Risk of Using Port Doors and Mechanical Seals October 10th, 2014
7th Nanotechnology Festival, Exhibition Kicks Off Work in Iran October 7th, 2014
Nanometrics Announces Upcoming Investor Events November 19th, 2014
Eight19 secures £1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014
Arrowhead to Present at Upcoming Conferences November 15th, 2014
Harris & Harris Group Reports Financial Statements as of September 30, 2014 November 11th, 2014
Purdue 3-D printing innovation capable of making stronger, lighter metal works for auto, aerospace industries November 20th, 2014
Leica Microsystems Presents Universal Hybrid Detector for Single Molecule Detection and Imaging at SfN and ASCB: Leica HyD SMD - the Optimal Detector for Precise and Reliable SMD data November 20th, 2014
Silver Nanoparticles Produced in Iran from Forest Plants Extract November 20th, 2014
Nano Sorbents Able to Remove Pollutions Caused by Oil Derivatives November 20th, 2014