Home > News > Nano-Potemkin Village
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."
News and information
Iran to Hold 3rd Int'l Engineering Materials, Metallurgy Conference October 25th, 2014
Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014
QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014
SUNY Polytechnic Institute Invites the Public to Attend its Popular Statewide 'NANOvember' Series of Outreach and Educational Events October 23rd, 2014
Novel Rocket Design Flight Tested: New Rocket Propellant and Motor Design Offers High Performance and Safety October 23rd, 2014
Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014
Brookhaven Lab Launches Computational Science Initiative:Leveraging computational science expertise and investments across the Laboratory to tackle "big data" challenges October 22nd, 2014
Bipolar Disorder Discovery at the Nano Level: Tiny structures found in brain synapses help scientists better understand disorder October 22nd, 2014
TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014
Arrowhead Issues Open Letter to Shareholders October 9th, 2014
PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014
Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014