Russia?s nanotech sector boosted production by 50 times in 3 years, Chubais said

Russia?s nanotech sector boosted production by 50 times in 3 years, Chubais saidIn 2013, Russia?s nanotech companies generated about $1.5bn worth of products, according to preliminary results voiced by Rusnano president Anatoly Chubais

In 2013, Russia?s nanotech companies generated about $1.5bn worth of products, according to preliminary results voiced by Anatoly Chubais. The Rusnano president made this estimate, reported by Russian business daily RBC, at a most recent meeting with Prime Minister Dmitry Medvedev of Russia. ?We have our main KPI to focus on, and this is output volumes. In 2011, we only had about $30m; the next year it was $380m already,? Mr. Chubais said, adding that official data would soon come from Rosstat [Russia?s federal statistics agency ? Editor?s note]. ?We can see even now from our tentative estimates that we made it with $1.5bn last year,? the head of Russia?s nanotech giant claimed. According to Mr. Chubais, Rusnano has facilitated the launch of 53 new nanotech-focused factories in Russia since its start in 2007. The key guideline for Rusnano to invest is finding a private co-investor willing to kick in. ?To each ruble we invest, our co-investors add between 1[/Russia]...