Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Nanotech Deals Reached

Rusnano chief executive Anatoly Chubais, Perm region Governor Oleg Chirkunov and Marco Beckmann, chief executive of German investment company Nanostart, signed a cooperation agreement Wednesday at the Global Innovation Partnerships forum.

Nanostart won an open bid to become the management company for Perm-based Kama Fond Pervy, beating Swiss European Nano Invest and German Wermuth Asset Management.

The target size of the fund will be 2 billion rubles ($71.7 million), out of which 750 million rubles will be invested by Rusnano, 750 million rubles by the Perm region and 500 million rubles by Nanostart. The fund will invest in 10 to 20 projects, 75 percent of which will be in nanotech.

Read more