TEL AVIV, September 5 (RIA Novosti) - The Russian Rosnanotech state corporation said Friday it planned to increase its output to $157 billion by 2015, while Russia's share of the global nanotech market would swell by 30 times.

The company's managing director Dmitry Lisenkov said in the past two years Rosnanotech has invested in two projects out of 618 that have applied for funding, accounting for around 1% of the 130 billion rubles (about $5.5 billion) it received from the Russian government in 2007.

"According to different estimates, Russia's share is less than 0.1% of the world output [in nanotechnology]," Lisenkov said, adding that by 2015 the figure is expected to reach 3%.

Lisenkov is in Israel to visit educational, scientific and technical centers and meet with Israeli officials, with the aim of identifying investment projects for Russia.