New Ulyanovsk nanocenter bets on closer ties with venture capital

New Ulyanovsk nanocenter bets on closer ties with venture capitalThe new Ulyanovsk Nanotech Center, opened in this mid-Volga city last Friday, is gearing up for increased cooperation with VC funds, the CEO said.

A major boost in cooperation with venture capital investors will be a core task next year for the new Ulyanovsk Nanotech Center, opened in this mid-Volga city last Friday, Russian news agency RIA Novosti reported, citing a statement by Andrei Redkin, the CEO of the Center. The Center board is reported to have already approved a portfolio of 28 projects to be supported in the Center?s focal areas, including car making, real estate development and aircraft building, as well as in medicine and biotechnologies. Long term, the new Center hopes to launch 96 start-ups, Mr. Redkin said. According to the CEO, most start-ups nurtured by the new Center will start collaborating with business right out of the gate. The Ulyanovsk center is developing two methodologies of interaction with potential investors, he underscored...