Russian Nanotechnology Corporation
Encyclopedia
Rusnano (formerly Russian Corporation of Nanotechnologies) is a joint-stock company created and owned by the government of Russia and aimed at commercializing developments in nanotechnology
. Rusnano's task is to create by 2015 a nano-industry in the country that will make marketable products worth 900 billion rubles ($29 billion).
One hundred percent of the shares in RUSNANO have become the property of the government. At this moment, the Board of Directors and the Auditing Commission have been formed; the chairman of the Executive Board has been appointed—Anatoly Chubais. During its first meeting, planned for late March 2011, the Board of Directors of RUSNANO will form the Executive Board of the company.
party on June 2007. The proposal passed its first reading in the State Duma
on June 14 and final reading on July 4. The upper house
, the Federation Council
, approved it on July 6. Initially organised as a state corporation, the company was re-registered on March 11, 2011 as open joint-stock company RUSNANO.
of RUSNANO is appointed by decree of the President of the Russian Federation.
The Supervisory Council is the highest management body of the corporation. The Supervisory Council appoints members of the Executive Board.
On September 7, 2007 Vladimir Putin appointed Leonid Melamed, a former deputy CEO RAO UES, Director General of Rusnano.
On 22 September 2008 President of Russia Dmitry Medvedev
appointed Anatoly Chubais
as the Director General of Rusnano. The same decree removed former Director General Leonid Melamed from his position.
Members of the Supervisory Council as of December 31, 2009
Rusnano also intends to attract additional investment by issuing state-guaranteed bonds
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, dispersing 32.2 billion rubles through the end of 2009. Four manufacturing projects earned their first revenues in 2007—176.5 million rubles.
Nanotechnology
Nanotechnology is the study of manipulating matter on an atomic and molecular scale. Generally, nanotechnology deals with developing materials, devices, or other structures possessing at least one dimension sized from 1 to 100 nanometres...
. Rusnano's task is to create by 2015 a nano-industry in the country that will make marketable products worth 900 billion rubles ($29 billion).
One hundred percent of the shares in RUSNANO have become the property of the government. At this moment, the Board of Directors and the Auditing Commission have been formed; the chairman of the Executive Board has been appointed—Anatoly Chubais. During its first meeting, planned for late March 2011, the Board of Directors of RUSNANO will form the Executive Board of the company.
History
A law (On the Russian Nanotechnology Corporation) which resulted in the creation of "Russian Corporation of Nanotechnologies" was proposed by several members of the United RussiaUnited Russia
United Russia is a centrist political party in Russia and the largest party in the country, currently holding 315 of the 450 seats in the State Duma. The party was founded in December 2001, through a merger of the Unity and Fatherland-All Russia parties...
party on June 2007. The proposal passed its first reading in the State Duma
State Duma
The State Duma , common abbreviation: Госду́ма ) in the Russian Federation is the lower house of the Federal Assembly of Russia , the upper house being the Federation Council of Russia. The Duma headquarters is located in central Moscow, a few steps from Manege Square. Its members are referred to...
on June 14 and final reading on July 4. The upper house
Upper house
An upper house, often called a senate, is one of two chambers of a bicameral legislature, the other chamber being the lower house; a legislature composed of only one house is described as unicameral.- Possible specific characteristics :...
, the Federation Council
Federation Council of Russia
Federation Council of Russia ) is the upper house of the Federal Assembly of Russia , according to the 1993 Constitution of the Russian Federation...
, approved it on July 6. Initially organised as a state corporation, the company was re-registered on March 11, 2011 as open joint-stock company RUSNANO.
Management Bodies
The CEOChief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of RUSNANO is appointed by decree of the President of the Russian Federation.
The Supervisory Council is the highest management body of the corporation. The Supervisory Council appoints members of the Executive Board.
On September 7, 2007 Vladimir Putin appointed Leonid Melamed, a former deputy CEO RAO UES, Director General of Rusnano.
On 22 September 2008 President of Russia Dmitry Medvedev
Dmitry Medvedev
Dmitry Anatolyevich Medvedev is the third President of the Russian Federation.Born to a family of academics, Medvedev graduated from the Law Department of Leningrad State University in 1987. He defended his dissertation in 1990 and worked as a docent at his alma mater, now renamed to Saint...
appointed Anatoly Chubais
Anatoly Chubais
Anatoly Borisovich Chubais is a Russian politician and business manager who was responsible for privatization in Russia as an influential member of Boris Yeltsin's administration. From 1998 to 2008 he was the head of the state owned electrical power monopoly RAO UES. The 2004 survey by...
as the Director General of Rusnano. The same decree removed former Director General Leonid Melamed from his position.
Members of the Supervisory Council as of December 31, 2009
- Andrey Fursenko, Chairman, Supervisory Council, Minister of Education and Science of the Russian Federation
- Vladimir Dmitriev, Chairman, Bank for Development and Foreign Economic Affairs (Vnesheconombank)
- Mikhail KovalchukMikhail KovalchukMikhail Valentinovich Kovalchuk is a Russian physicist and official. He is a brother of Yury Kovalchuk, known as "Putin's personal banker."Since May 26, 2000 Mikhail Kovalchuk has been an Associate Member of the Russian Academy of Sciences in physics....
, Director, Russian Research Center Kurchatov Institute - Andrey Kokoshin, First Deputy Chairman, State Duma Committee on Science and Science-Intensive Technologies
- Dmitry Mezentsev, Governor, IrkutskIrkutskIrkutsk is a city and the administrative center of Irkutsk Oblast, Russia, one of the largest cities in Siberia. Population: .-History:In 1652, Ivan Pokhabov built a zimovye near the site of Irkutsk for gold trading and for the collection of fur taxes from the Buryats. In 1661, Yakov Pokhabov...
Oblast - Leonid Melamed, President, EffortelEffortelEffortel SA is a Mobile Virtual Network Enabler providing a platform-based transaction processing and management services for Mobile Virtual Network Operators , and acts as an MVNO itself in partnership with Carrefour.MVNE Services:* voice,...
- Elvira NabiullinaElvira NabiullinaElvira Sakhipzadovna Nabiullina is a Russian economist who was appointed as Minister of Economic Development and Trade of Russia on September 24, 2007...
, Minister of Economic Development of the Russian Federation - Vladimir Nazarov, Deputy Secretary of the Security Council of the Russian Federation
- Mikhail PogosyanMikhail PogosyanMikhail Aslanovich Pogosyan is the General Director of the JSC Sukhoi Design Bureau. He is a Russian national of Armenian descent.In 1979 he graduated with honors from the aircraft manufacturer faculty of the Moscow Aviation Institute and started his career at the engineering plant named after...
, Director General, SukhoiSukhoiSukhoi Company is a major Russian aircraft manufacturer, headquartered in Begovoy District, Northern Administrative Okrug, Moscow, famous for its fighters...
Company - Vasily Popik, Deputy Head, Presidential Experts’ Directorate of the Russian Federation
- Mikhail ProkhorovMikhail ProkhorovMikhail Dmitrievitch Prokhorov is a Russian billionaire entrepreneur and owner of the American basketball team, the New Jersey Nets. After graduating from the Moscow Finance Institute he made his name in the financial sector and went on to become one of Russia's leading industrialists in the...
, President, ONEXIM Group - Evgeny FedorovEvgeny FedorovEvgeny Fedorov is a Russian professional ice hockey centre currently playing for Yugra Khanty-Mansiysk of the Kontinental Hockey League ....
, Chairman, State Duma Committee on Economic Policy and Entrepreneurship - Viktor KhristenkoViktor KhristenkoViktor Borisovich Khristenko is the current Russian Minister of Industry and former First Deputy Prime Minister.-Personal life:...
, Minister of Industry and Trade of the Russian Federation - Husein Chechenov, Chairman, Federation Council Committee on Education and Science
- Anatoly ChubaisAnatoly ChubaisAnatoly Borisovich Chubais is a Russian politician and business manager who was responsible for privatization in Russia as an influential member of Boris Yeltsin's administration. From 1998 to 2008 he was the head of the state owned electrical power monopoly RAO UES. The 2004 survey by...
, Chairman, Executive Board and Chief Executive Officer Russian Corporation of Nanotechnologies
Funds
The source of financing for the activities of Rusnano in 2008 and 2009 was an asset contribution of 130 billion rubles 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. 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 rubles 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..Rusnano also intends to attract additional investment by issuing state-guaranteed bonds
Activities
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, dispersing 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 can be grouped into 6 clusters:- solar energy and energy saving 4
- nanostructured materials;
- medicine and biotech;
- mechanical engineering and metal working;
- optoelectronics and nanoelectronics;
- infrastructure projects.