By 2023, Ulyanovsk Nanotech Center to launch 96 new start-ups

Over the next ten years the Ulyanovsk Nanotech Center in the mid-Volga area wants to launch as many as 96 new start-ups generating about $1.4bn in aggregate revenue

Over the next ten years the Ulyanovsk Nanotech Center in the mid-Volga area wants to launch as many as 96 new start-ups generating about $1.4bn in aggregate revenue, Alliance-Media reported, citing a statement by Governor Sergei Morozov of the Ulyanovsk region. The governor announced the plans during the Open Innovations international forum that was held last week in Moscow. According to Mr. Morozov, the Nanotech Center and its portfolio companies are expected to create about 7,500 new local jobs offering wages above the regional average. The Center and the companies are also expected to pay a total of $110m in taxes, of which 60% should remain in the region. The Ulyanovsk Nanotech Center opened this past August with support from Rusnano, Russia?s largest nanotech company, to back technology-focused entrepreneurship at early stages...