- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
December 10th, 2009
Why an ambitious Russian tech initiative is doomed to fail.
It sounds, at first, like an excellent idea: using government money to get new businesses off the ground, using primarily private funds, while simultaneously weaning the country off of petroleum.
But there are, of course, huge—and quite likely fatal—hurdles in the way of achieving such astronomical projections.
First, there are the money problems. Some of Rosnanotech's budget, observers note, came from the forced sale of the assets of Yukos, Mikhail Khodorkovsky's oil company seized in 2003. (The money, apparently, needed pockets.) And because it is a government corporation, notes Troika Dialog tech analyst Anna Lepetukhina, the money doesn't always get where it's supposed to go. "There's a question of the allocation of resources and it's not totally clear how it happens or who gets the money," she says. "All of a sudden, oops, it's gone."
|Related News Press|
News and information
A 'smart dress' for oil-degrading bacteria July 24th, 2016
New remote-controlled microrobots for medical operations July 23rd, 2016
Weird quantum effects stretch across hundreds of miles July 21st, 2016
Scientists glimpse inner workings of atomically thin transistors July 21st, 2016
Nanometrics Announces Upcoming Investor Events July 20th, 2016