Rusnano suggests setting up Russo-Chinese nanotech fund
12 Sep '14
Rusnano, Russia’s government-owned nanotech giant, has suggested that Russia and China set up a joint fund to invest in nanotechnology projects, the Russian news agency ITAR-TASS reported, citing Rusnano president Anatoly Chubais who talked to the press after a meeting of the first bilateral committee on investment cooperation.
“We floated an idea [during the meeting] that calls for the setup of a joint investment fund with Russo-Chinese money split on a 50/50 basis for targeted investing in nanotechnology with the geographical focus on Russia and China,” Mr. Chubais explained.
The Rusnano leader pointed out that China has already been investing “colossal funds” in nanotechnology. “That’s why they are interesting to us, and we will be working on this,” he added, declining to specify any amount for the prospective fund.
Mr. Chubais also said that the Chinese partners “expressed interest in the proposal.”