Founded Moscow, Russia (2007 (2007))
Headquarters Moscow, Russia
Key people
Anatoly Chubais
(Chairman of the Executive Board and CEO)
Number of employees
470 (2010)[1]

Rusnano (Russian: Роснано) (formerly Russian Corporation of Nanotechnologies) is a government-owned[2] joint-stock company created as a Private Equity and Venture Capital Vehicle by the government of Russia and aimed at commercializing developments in nanotechnology. Rusnano's task is to create a Russian nano-industry whose products will be worth 900 billion rubles by 2015.[3] In April 2012 they invested US$79 Million in Quantenna Communications, a manufacturer of semiconductors for wireless networks and devices. According to a press release issued by Rusnano, this investment will leverage synergies between Quantenna's portfolio and a number of nanotechnology initiatives that are under way at Rusnano.[4]


The law which resulted in the creation of the "Russian Corporation of Nanotechnologies" was proposed by several members of the United Russia party on June 2007. The proposal passed its first reading in the State Duma on June 14[5] and its final reading on July 4. The upper house and the Federation Council, approved it on July 6.[6] Initially organized as a state corporation, the company was re-registered on March 11, 2011 as the open joint-stock company Rusnano.[7]

In 2009, Rusnano established an international award in the “nano” field – the Rusnanoprize.[8] The prize is awarded annually in one of the following fields: Optics and Electronics, Nanomaterials, Surface Modification, Medicine, Pharmacology, Biotechnologies, and Green Technologies. The prize fund is worth 3 million rubles.

On 7 September 2007 Vladimir Putin appointed Leonid Melamed, a former deputy CEO of RAO UES, the Director General of Rusnano. On September 22, 2008, President Dmitry Medvedev appointed Anatoly Chubais as the Director General of Rusnano. This same decree removed former Director General Leonid Melamed from his position. Despite this, Melamed is now the president of the European telecommunications giant Effortel and remains on the executive board of the company's Supervisory Council.[9] In 2015, Melamed was temporarily placed on house arrest in an investigation into accusations of "wasting public money".[10] Soon after the arrest, at least five high rank Rosnano managers left Russia.[11][12]

Management bodies

The CEO of Rusnano is appointed by the Decree of the President of Russia. The Supervisory Council is the highest management body of the corporation. The Supervisory Council appoints members of the Executive Board.

Members of the Supervisory Council as of December 31, 2009[13]

  1. Andrey Fursenko, Chairman, Supervisory Council, Minister of Education and Science of the Russian Federation
  2. Vladimir Dmitriev, Chairman, Bank for Development and Foreign Economic Affairs (Vnesheconombank)
  3. Mikhail Kovalchuk, Director, Russian Research Center Kurchatov Institute
  4. Andrey Kokoshin, First Deputy Chairman, State Duma Committee on Science and Science-Intensive Technologies
  5. Dmitry Mezentsev, Governor, Irkutsk Oblast
  6. Leonid Melamed, President, Effortel
  7. Elvira Nabiullina, Minister of Economic Development of the Russian Federation
  8. Vladimir Nazarov, Deputy Secretary of the Security Council of the Russian Federation
  9. Mikhail Pogosyan, Director General, Sukhoi Company
  10. Vasily Popik, Deputy Head, Presidential Experts’ Directorate of the Russian Federation
  11. Mikhail Prokhorov, President, ONEXIM Group
  12. Evgeny Fedorov, Chairman, State Duma Committee on Economic Policy and Entrepreneurship
  13. Viktor Khristenko, Minister of Industry and Trade of the Russian Federation
  14. Husein Chechenov, Chairman, Federation Council Committee on Education and Science
  15. Anatoly Chubais, Chairman, Executive Board and Chief Executive Officer Russian Corporation of Nanotechnologies


The source of financing for the activities of Rusnano in 2008 and 2009 was an asset contribution of 130 billion rubles (US $4.39 billion) from the Russian Federation, received in November 2007. During 2009 capital of Rusnano decreased by 58.768 billion rubles and at year end stood at 76.638 billion rubles (US $2.59 billion). The change in the corporation’s capital is attributable to the return of 66.4 billion rubles of the asset contribution to the Russian Federation, expenditures of 3.617 billion rubbles in fulfillment of the corporation’s purposes, and net income of 11.251 billion rubles earned largely from temporarily free monetary resources deposited in accounts at commercial banks in accordance with recommendations from the Ministry of Finance of the Russian Federation.[14] Rusnano also intends to attract additional investment by issuing state-guaranteed bonds[15]

In 2011, Rusnano suffered US $2.9 billion of net loss under Russian Accounting Standards and closed down 6 investment projects worth $300 million. The company seems to have a shortage of money. In March 2012, Rusnano announced it was closing 13 investment projects estimated at $600 billion, the official reason for the decision was the rejection of the co-investors. In April 2012 announced that it was looking to sell a 10% share by the end of 2012. This is just the beginning of a plan to make 40% of the company private.[16]


In 2009 the Russian Corporation of Nanotechnologies received 634 requests for project cofinancing. The projects have aggregate budgets of 1.355 trillion rubles of which 712.3 billion rubles were requested from the corporation. A significant percentage of the requests were for new production or modernization of existing processes and fixed assets.

All requests that enter the corporation go through a multi-staged system of expert evaluation. In 2009, for various reasons, 467 projects (including some that had been received in 2008) were denied cofinancing. The Supervisory Council of the corporation approved 54 projects during 2009, projects in solar energy, mechanical engineering, metalwork, nanoelectronics, medicine, and venture financing. The total budget for these projects is 181.6 billion rubles of which 86.6 billion rubles were requested from the corporation. Fifty-three projects that have passed all evaluation steps and the Science and Technology Board will be brought to the Supervisory Council in the first half of 2010.

In sum during 2008–2009, the Supervisory Council of the corporation approved 61 projects. Their budgets total 192.3 billion rubles and include 92.4 billion rubles that RUSNANO will cofinance. A considerable share of these projects is oriented toward the priority areas for modernizing the economy of the country that President of the Russian Federation Dmitry Medvedev has declared. These 61 projects are forecasted to earn revenue from sales in excess of 130 billion rubles annually by 2015. In 2008 and 2009 the corporation financed 17 approved projects, disbursing 32.2 billion rubles through the end of 2009. Four manufacturing projects earned their first revenues in 2007—176.5 million rubles.

Investment projects

All Rusnano projects[17] can be grouped into 6 clusters:[18] 1 solar energy and energy saving[19]

The firm applies an environment friendly approach by financing projects that explore the possibilities of energy technology.

2 nanostructured materials;[20] 3 medicine and biotech;[21] 4 mechanical engineering and metal working;[22] 5 optoelectronics and nanoelectronics;[23]

Rusnano has acquired minority stake in Plastic Logic in 2011. The company planned to set up a factory in Zelenograd where they planned to manufacture lightweight, flexible plastic e-readers and related products, however these plans appear to be cancelled since Plastic Logic decided to shift its focus towards licensing its existing technology instead of actually manufacturing any products.[24][25]

6 infrastructure projects.[26]

One of the most interesting infrastructural investment that Rusnano has backed is the one of BiOptix: the American patented product enables label-free biomolecula analysis in real time without isotope labeling and with minimal human handling.

In 2011 a new subsidiary Liotech was created for production of high-capacity Lithium-ion batteries in cooperation with Chinese factory Thunder Sky.[27] In 2012 Liotech was noted by state auditors for possible corruption-related violations. In 2016 Liotech entered bankruptcy process.[28]



  1. Fostering Nanotechnology Innovation in Russia - MIT World
  2. State Corporation RUSNANO Reorganized as Open Joint-Stock Company
  3. Q&A with Anatoly Chubais - WSJ
  4. Quantenna Communications Raises $79 Million Led by RUSNANO
  5. Full text in Russian
  6. Wired
  7. State Corporation RUSNANO Reorganized as Open Joint-Stock Company
  9. Чубайс возглавил "Роснанотех" (Russian)
  10. "Бывшего главу "Роснано" обвинили в растрате". Retrieved 2015-07-02.
  11. "РБК: пятеро работавших с Чубайсом топ-менеджеров уехали из России". Retrieved 2015-07-22.
  12. "Бывшего замглавы "Роснано" объявили в международный розыск". Retrieved 2016-04-17.
  13. Rusnano Annual report 2009
  14. Annual Financial (Accounting) Report of the Russian Corporation of Nanotechnologies for the Year 2009
  15. Bloomberg
  16. Russia’s hi-tech looks for cash
  17. RUSNANO projects on web-site
  18. Перечень проектов // Роснано (Russian)
  19. Кластер проектов: солнечная энергетика и энергосбережение // Роснано (Russian)
  20. Кластер проектов: наноструктурированные материалы // Роснано (Russian)
  21. Кластер проектов: медицина и биотехнологии // Роснано (Russian)
  22. Кластер проектов: машиностроение и металлообработка // Роснано (Russian)
  23. Кластер проектов: оптоэлектроника и наноэлектроника // Роснано (Russian)
  24. "Plastic Logic Exits E-Reader Business It Never Really Managed to Enter". All Things D. May 17, 2012. Retrieved September 7, 2012.
  25. "Plastic Logic quits ereaders and turns to tech licensing". Slashgear. May 16, 2012. Retrieved September 7, 2012.
  26. Кластер проектов: инфраструктура // Роснано (Russian)
  27. "RUSNANO and Chinese Thunder Sky Team Up to Produce State-of-the-Art Li-Ion Batteries". 2009. Retrieved January 29, 2016.
  28. "Завод "Роснано", построенный за 15 млрд рублей, признан банкротом". Komsomolskaya Pravda. 2016. Retrieved January 29, 2016.
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