Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > RUSNANO and Russian Venture Company Finance First Project with an Israeli Company

Abstract:
RUSNANO and Russian Venture Company have begun financing a project to set up production in Russia of single- and multilayered substrates for LED assemblies and other electronics items. The project will use patented ALOX™ substrate technology developed by project applicant Micro Components Ltd.

RUSNANO and Russian Venture Company Finance First Project with an Israeli Company

Russia | Posted on December 30th, 2010

The first investment of 180 million rubles in owner's equity of project company MCLR Ltd. was carried out on a parity basis with co-investor venture fund in trust management of Asset Management company «Innovative solutions». Micro Components Ltd. (MCL), the project applicant, will contribute nonmaterial assets—license for use of the ALOX™ technology valued at 330 million rubles. Project plans include additional funding through company equity investment and borrowings. Overall size of the project is around one billion rubles.

ALOX™ substrates are composed of two parts — a conducting layer of aluminum or copper and a layer of dielectric material. The substrates derive their considerable competitive advance, of high thermal conductivity over traditionally produced substrates from the ALOX™ dielectric material, which has a nanoporous structure.

"This project is an excellent example of cooperation in nanotechnology with an Israeli company. The country is renowned for its innovative developments. The ALOX™ technology has already proven its worth in LED substrates. The technology has one of the best cost-to-quality ratios," noted Vasily Kostyanovsky, chairman of the Board of Directors of MCLR Ltd. and RUSNANO senior investment manager.

"We are proud and excited to receive financing from two major industrial and financial Russian organizations, to establish a production facility for ALOX™ substrates in Russia", Stated Dr. Uri Mirsky Founder and CEO of MCL; "We expect MCLR to become a major provider of ALOX™ nanotechnology for substrates and assemblies to the Russian and global LED industry and markets".

"The project is a perfect example of attracting an advanced technology and highly skilled professionals to Russia. Such integration between Russia and Israel in high technology field is very important," said Sergey Doronin, General Director at the Innovative solutions Asset management company.

Daniel Gimpel, Tamir Fishman Managing Partner said: "With this investment, the ALOX™ technology will be further developed for large scale manufacturing and enable MCL to become a major international supplier of substrate panels for the fast emerging LED market."

"We see ideal conditions for further development of the ALOX™ technology in Russia, due to the high quality of engineers available, the strong LED market presence of manufacturers, new supporting Russian Federal law on LED lighting, and excellent co-investing partner RUSNANO," he added.

####

About RUSNANO
The Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law ą 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 sight 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.

About Micro Components Ltd.
Micro Components Ltd. (MCL) designs, manufactures, and markets superior packaging solutions to the advanced semiconductors packaging market. MCL specializes in developing and manufacturing substrates and boards with high thermal conductivity. Its products are based on innovative technical solutions that company specialists develop for use in the electronics industry. Focusing on the high brightness LED packaging application ALOX™ technology is currently in pilot production in Israel and in production and use by companies in Malaysia and Korea. Dr. Mirsky Contact:

About Innovative Solutions Asset Management Venture Fund
Innovative Solutions Asset Management venture fund was established in 2008 in partnership with JSC “RVC” and a private investor. Innovative Solutions cooperates with Israeli advisor and partner Tamir Fishman Group. Venture fund assets comprise 2 billion rubles and are invested in high tech innovative projects.

About Tamir Fishman Group
The Tamir Fishman Group is Israel’s leading and fastest growing full-service financial group. Through our strategic partnership with RBC Capital Markets, we give clients access to global markets, benchmark research and world-class investment products. The host of domestic and international investment banking services we offer include: venture capital, corporate finance: public offerings, private placements, M&A and advisory services, underwriting of public offerings on the Tel Aviv Stock Exchange (TASE), local and global asset management: portfolio management, mutual funds management, real estate fund Eastern Europe, equities research, management and outsourcing of corporate benefits services and trustee services.

Tamir Fishman has 150 employees in Tel Aviv, with total assets under management of $3.2 billion, and has managed global corporate-finance transactions in excess of $5 billion for Israel-based clients.

About Russian Venture Company
Russian Venture Company (OJVC) is a government fund of venture funds. RVC’s is one of the Russian Federation’s key tools in building a national innovation ecosystem. RVC’s mission is to promote Russia’s domestic venture capital industry by capitalizing venture funds, most of them privately-owned. As of December 2010, RVC has backed ten funds with a capitalization, collectively, of RUB 22 billion (USD 710 million). RVC’s stake in these funds is, collectively, RUB 12 billion (USD 383 million). Also as of December 2010, these RVC-backed funds collectively had a portfolio of 56 companies in which they had invested capital of RUB 6 billion (USD 200 million).

RVC was established pursuant to Order No. 838-r of the Russian government on June 7, 2006, and is 100% owned by the Federal Agency for State Property Management (Rosimuschestvo). It has an authorized capital of RUB 30 billion (USD 960 million). In the years to come, RVC is expected to play a pivotal role in the development of the Russian venture capital industry.

Media contact for Russian Venture Company:
3-1 pereulok Kapranova,
Moscow, 123242, Russia
T: +7 495 777 01 04
F: +7 495 777 01 06

For more information, please click here

Contacts:
RUSNANO international press office:
Anna Fradkova, press-secretary of the international press office
P.: +7 495 5424444 add.1424
M.: +7 985 7299860

Copyright © RUSNANO

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

Newly-Developed Polymers Control Size of Nanoparticles during Production Process July 30th, 2015

Detecting small metallic contaminants in food via magnetization: A practical metallic-contaminant detecting system using three high-Tc RF superconducting quantum interference devices (SQUIDs) July 29th, 2015

Display technology/LEDs/SS Lighting/OLEDs

Controlling phase changes in solids: Controlling phase changes in solids July 29th, 2015

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

'Seeing' molecular interactions could give boost to organic electronics July 28th, 2015

Reshaping the solar spectrum to turn light to electricity: UC Riverside researchers find a way to use the infrared region of the sun's spectrum to make solar cells more efficient July 27th, 2015

Stretching the limits on conducting wires July 25th, 2015

Openings/New facilities/Groundbreaking/Expansion

QuantumSphere Completes State-of-the-Art Nanocatalyst Production Facility: Now Positioned to Capitalize on Commercial Validation and JDA with Casale, SA July 25th, 2015

Iran Nanotech China Center (INCC) Starts Work in Suzhou Industrial Park June 2nd, 2015

Government of Canada Strengthens Opportunities for Commercialization of Micro- and Nano-Coated Products at the Northern Alberta Institute of Technology May 31st, 2015

Govt.-Legislation/Regulation/Funding/Policy

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Pakistani Students Who Survived Terror Attack to Attend Weeklong “NanoDiscovery Institute” at SUNY Poly CNSE in Albany July 29th, 2015

Meet the high-performance single-molecule diode: Major milestone in molecular electronics scored by Berkeley Lab and Columbia University team July 29th, 2015

New computer model could explain how simple molecules took first step toward life: Two Brookhaven researchers developed theoretical model to explain the origins of self-replicating molecules July 28th, 2015

Chip Technology

March 2016; 6th Int'l Conference on Nanostructures in Iran July 29th, 2015

Meet the high-performance single-molecule diode: Major milestone in molecular electronics scored by Berkeley Lab and Columbia University team July 29th, 2015

Nanometrics Announces Upcoming Investor Events July 28th, 2015

Short wavelength plasmons observed in nanotubes: Berkeley Lab researchers create Ludinger liquid plasmons in metallic SWNTs July 28th, 2015

Announcements

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

Newly-Developed Polymers Control Size of Nanoparticles during Production Process July 30th, 2015

Detecting small metallic contaminants in food via magnetization: A practical metallic-contaminant detecting system using three high-Tc RF superconducting quantum interference devices (SQUIDs) July 29th, 2015

Alliances/Trade associations/Partnerships/Distributorships

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

Dais Analytic's Business Affiliate in China Announces Ten-Year Strategic Energy Efficiency Business Arrangement With COFCO: Dais Beijing to Perform Feasibility Study on Over 80 Buildings to Improve Efficiencies as Part of Overall Hotel Energy-Savings Project July 23rd, 2015

Leti and Diabeloop Project Aims at Developing Artificial Pancreas for Diabetes Treatment July 22nd, 2015

Imec and Panasonic Demonstrate Breakthrough RRAM Cell July 16th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project