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Home > News > Russia Now: Is it time to invest in the Russian economy?

October 30th, 2009

Russia Now: Is it time to invest in the Russian economy?

Abstract:
Russia is taking its first steps on its way to creating an innovative economy, the key to which is creating an environment where talent and business acumen can be brought together. The focus of Russia's political leadership on the education and development of the individual is absolutely critical in this respect.

Yet the question of where to invest remains a crucial one. The answer is to be one step ahead of the game. It makes no sense to try to replicate iPhones or IBM; what we really need are new things and new ideas. I believe that Russia has a competitive edge in nanotechnologies.

That being said, Rusnano and VTB Group have launched the DFJ-VTB Aurora, an International Nanotechnology and Innovation Fund Family, in partnership with a leading venture capital fund Draper Fisher Jurvetson (DFJ). There are various forms of investing into innovations development. For example, Anatoly Chubais, CEO of Rusnano, says the state has approved Rusnano's plan to issue state-guaranteed bonds, totalling 180bn roubles.

Source:
telegraph.co.uk

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