38 billion ruble will go to boost infrastructural projects — the creation of business incubators and techno-parks
Government-controlled Rosnano will inject over 240 billion ruble in nano-industry in the nearest eight years, Rosnano General Director Anatoly Chubais announced during the International Nanotechnology Forum in Moscow.
Dec 03, 2008
According to Chubais, the annual investments will exceed $1 billion. At the very beginning, Chubais went on, the government contributed 130 billion ruble into Rosnano’s stock capital, and the corporation intends to inject 92 billion ruble in nano-production. The remaining 38 billion ruble will go to boost infrastructural projects, for instance, the creation of business incubators, techno-parks.
Rosnano won’t have less than 50 percent in the business undertaking, Chubais emphasized, adding that the corporation is ready to cover up to 90 percent of all investments required under the projects. According to Chubais, they may provide both the long-term money (up to 10 years) and cheap funding (at 8 percent on year).
The corporation will withdraw from the business projects once "the companies get on their feet." "When pulling out of projects, we won’t be governed by the capitalization of those companies, as our task is to arrive at the maximum production rather than the maximum profits," Chubais pointed out.
Rosnano won’t have less than 50 percent in the business undertaking, Chubais emphasized, adding that the corporation is ready to cover up to 90 percent of all investments required under the projects. According to Chubais, they may provide both the long-term money (up to 10 years) and cheap funding (at 8 percent on year).
The corporation will withdraw from the business projects once "the companies get on their feet." "When pulling out of projects, we won’t be governed by the capitalization of those companies, as our task is to arrive at the maximum production rather than the maximum profits," Chubais pointed out.