- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Rusnano chief urges investment in Russia's nanotech startups

© RIA Novosti . Ruslan Krivobok / Go to the mediabankThe head of the Russian State Nanotechnology Corporation (Rusnano), Anatoly Chubais
The head of the Russian State Nanotechnology  Corporation (Rusnano), Anatoly Chubais - Sputnik International
Subscribe
The head of the Russian State Nanotechnology Corporation (Rusnano), Anatoly Chubais, urged Russian angel investors on Thursday to put funds into regional nanotechnology projects.

The head of the Russian State Nanotechnology Corporation (Rusnano), Anatoly Chubais, urged Russian angel investors on Thursday to put funds into regional nanotechnology projects.

Angel investors are investors who put their own personal money into new projects at the early stages for a share of subsequent profits. The size of angel investments usually ranges from several thousand dollars to one million euros.

"It will sound cynical, but we would like to use you," Chubais told the annual meeting of the Business Angels Association in Moscow.

He pledged political and financial support to those investing in nanotech startups. Rusnano wants the size of Russian nanotechnology market to reach $30 billion by 2015.

Russia was ranked 63rd in global innovation level in the World Economic Forum's Global Competitiveness report for 2010-2011, with Switzerland topping the list.

MOSCOW, April 14 (RIA Novosti)

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала