Young Ulyanovsk Nanotech Center nurtures 30 high-tech projects
The recently launched Ulyanovsk Nanotech Center in the mid-Volga area is supporting about 30 high-tech projects
Nov 10, 2013
According to Andrei Redkin, the CEO of the Center, an overall investment the company has raised so far is already twice the amount the Ulyanovsk region once paid to build the Center.
The region allocated about $6m. The overall tab for the project ran up to almost $40m, with Rusnano, Russia’s nanotech giant, providing most of the funds.
"At the moment, the Nanotech Center works with about 30 projects. Of those, ten are in their active phase of development, and two have already entered their markets and are making money. We purchase equipment to serve specific projects. For the above 30 projects, an estimated $10.3m worth of equipment has been bought," Mr. Redkin explained.
The Nanotech Center supports start-ups with a payback period of no more than seven years. So, the Ulyanovsk region may expect its share of the Center’s profit no later than seven years from now.
It is the Rusnano InfraFund, a Rusnano-established entity to back infrastructure and training efforts, that is setting up nanotech centers across Russia. "The goal is to create an institution that seeks out technology, evaluates and supports it, helps establish a company, and then aids it in taking its product to market," the Ulyanovsk Nanotech Center CEO said.
The region allocated about $6m. The overall tab for the project ran up to almost $40m, with Rusnano, Russia’s nanotech giant, providing most of the funds.
"At the moment, the Nanotech Center works with about 30 projects. Of those, ten are in their active phase of development, and two have already entered their markets and are making money. We purchase equipment to serve specific projects. For the above 30 projects, an estimated $10.3m worth of equipment has been bought," Mr. Redkin explained.
The Nanotech Center supports start-ups with a payback period of no more than seven years. So, the Ulyanovsk region may expect its share of the Center’s profit no later than seven years from now.
It is the Rusnano InfraFund, a Rusnano-established entity to back infrastructure and training efforts, that is setting up nanotech centers across Russia. "The goal is to create an institution that seeks out technology, evaluates and supports it, helps establish a company, and then aids it in taking its product to market," the Ulyanovsk Nanotech Center CEO said.