ROSNANO does not plan to receive federal fund financing

ROSNANO does not plan to receive federal fund financingAndrey Trapeznikov, Corporate Director, Member of the Executive Board of ROSNANO:

In recent days some mass media informed about the expected budget financing reduction of ROSNANO. It is stated in the documents, that ROSNANO receives government financing in an amount of 30-50B RUB per year.

State Corporation Rosnanotech was founded in 2007. Total amount of government financing is 111,8B RUB. Since 2012 ROSNANO does not receive federal funds. For investing projects financing the company obtains credits and funded loans against guarantees of government.

According to a new ROSNANO strategy, confirmed in June 2013, the company does not plan to receive federal fund financing, but rather, is intended till 2020 to attract private capital in investing funds of nanotechnologies in amount of 150B RUB.