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President of Russia Dmitry Medvedev has signed Federal Law On Reorganization of Russian Corporation of Nanotechnologies (RUSNANO).
RUSNANO CEO Anatoly Chubais commented: "The new law is the result of serious collaborative efforts among the government, the administration of the president, members of parliament, and specialists within RUSNANO. Work proceeded dynamically and successfully. By the end of 2010, the corporation and governmental bodies are to complete reorganization of RUSNANO into an open joint-stock company whose shares will belong 100 percent to the state.
"Reorganizing RUSNANO into a joint-stock company is not merely a switch in signboards. It is a transition to the greater transparency and responsibility that characterize open stock companies. It is another level of cooperation with the business and scientific communities that will realize new high-tech projects in Russia's nanoindustry."
RUSNANO is the first state corporation in Russia to be reorganized into an open joint-stock company. This process is expected to be finished by the end of 2010.
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.
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RUSNANO international press office:
Anna Fradkova, press-secretary of the international press office
P.: +7 495 5424444 add.1424
M.: +7 985 7299860
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