- 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
Oxford Instruments systems now facilitate water purification technology September 27th, 2016
Fighting cancer with sticky nanoparticles September 27th, 2016
Crystalline Fault Lines Provide Pathway for Solar Cell Current: New tomographic AFM imaging technique reveals that microstructural defects, generally thought to be detrimental, actually improve conductivity in cadmium telluride solar cells September 26th, 2016
NIST Patents Single-Photon Detector for Potential Encryption and Sensing Apps September 16th, 2016
Nanotech Grants Options September 22nd, 2016
Arrowhead Pharmaceuticals to Present at Upcoming September Conferences September 1st, 2016
Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016