Creating businesses
Annual Report of the Russian Corporation of Nanotechnologies 2010
Russian Corporation . of Nanotechnologies Annual Report 2010 Content
Introduction...... 2 Key Performance Indicators ...... 32 Mission, Goals, and Strategy of the Russian Corporation of Planning, Budgeting, Nanotechnologies ...... 3 Contracting, and Procurement ...... 32 Project Consideration ...... 4 . Reorganization Types of Projects Considered of the Russian Corporation by the Corporation...... 4 of Nanotechnologies...... 33 Requests for Financing: . Stages of Review...... 4 Appendix A. Members of the Management . Project Activities Bodies of the Corporation...... 34 of the Corporation...... 7 . . Appendix B. Application Reviews . Documents Regulating . and Project Approvals ...... 7 the Acitivities of the Corporation...... 37 . Manufacturing Projects...... 11 Appendix C. Manufacturing Facilities Established . Brief Descriptions of Projects . with Co-investment from RUSNANO . Approved by the Russian Corporation . and Opened in 2010...... 13 of Nanotechnologies in 2010...... 39 . Earnings from Sales . Appendix D. of Nano-enabled Products . Annual Financial (Accounting) Report . by RUSNANO Project Companies ...... 14 of the Russian Corporation . Infrastructure Projects ...... 15 of Nanotechnologies for 2010 ...... 48 . Educational Programs ...... 16 Appendix E. Joint Venture Capital Funds...... 18 Results of Monitoring . . Implementation of Projects . Management Cofinanced by the Corporation...... 51 of Project Companies...... 19 . Auditor’s Opinion Role of the Corporation on the Financial in Creating an Environment (Accounting) Reports for Innovation...... 20 of the Corporation ...... 56 . Role of the Corporation in Stimulating Demand...... 25 . Popularization and Public Relations...... 27 . International Activities and the Nanotechnology INTERNATIONAL Forum...... 29 . Management Bodies of the Corporation...... 31 . Russian Corporation . of Nanotechnologies Annual Report 2010 Introduction
State corporation Russian Corporation of and legal infrastructure upon which successful Nanotechnologies was founded in 2007 to realize businesses and an innovation economy can be built. government strategies in nanotechnology and to The corporation conducts the Nanotechnology create conditions that encourage the development International Forum annually in Moscow and engages of an economy based in innovation. The corporation’s in other public relations activities in furtherance of its primary charge is to promote commercialization of goals. scientific developments in the nanoindustry and to The source of financing for the corporation’s work in coordinate activities for innovation in nanotechnology. 2010 was an investment by the Russian Federation, Co-investing to establish high-technology production, received in November 2007, of 130 billion rubles. In RUSNANO also works to ensure the presence of accordance with decree № 1455-r of the Government the engineering, technical, organizational, financial, of the Russian Federation dated October 5, 2009, 66.4 billion rubles was temporarily returned to the federal budget under guarantee of the return of those resources. The sum of one billion rubles was returned From 2008 through 2010, . to the corporation from the budget in 2010 per order the Supervisory Council . of the Government of the Russian Federation. of the Russian Corporation . of Nanotechnologies approved In 2010 RUSNANO entered the debt market for the first time, attracting 33 billion rubles by placing seven-year obligations backed with government guarantees. The corporation obtained 10 billion rubles in long-term bank credits, also with government guarantees. The corporation has developed a system of expert assessments that enables it to select, from the many applications it receives, technically feasible and economically substantiated projects. Other factors are also given weight: a project’s potential for replacing with aggregate budgets of imports, the opportunities it offers for transferring and introducing cutting-edge technology to Russia, its social significance. Proposed products are compared with the world’s best analogues. From 2008 through 2010, the Supervisory Council of the Russian Corporation of Nanotechnologies approved 104 projects with aggregate budgets of 347 billion rubles of which the corporation will cofinance 140.1 billion rubles. Among those approved for co-investment were 92 manufacturing projects, eight projects to establish Russian and international venture capital funds, and four projects to establish nanotechnology centers. Twenty-eight projects among of which . the 104 projects approved have foreign participants. the corporation. will cofinance As of the end of 2010, financing had begun for 49 of the projects. The corporation had invested 64.2 billion rubles toward helping them fulfill their objectives. In 31 regions of the Russian Federation, construction had been undertaken for new manufacturing facilities or modernization of existing plants to produce a variety of nano-enabled products. In April 2010 the first factory cofinanced with resources of the corporation, a plant producing nanocoated metal-cutting instruments, opened in Rybinsk, Yaroslavl Oblast. In November a RUSNANO-financed factory where ultrabright LEDs and LED modules will be manufactured opened in St. Petersburg. It is the
2 Russian Corporation . of Nanotechnologies Annual Report 2010 Mission, Goals, and Strategy of the Russian Corporation first factory of its kind in Russia and the largest in Eastern Europe and countries of the CIS. In December of Nanotech- a new facility in Ufa, Republic of Bashkortostan, began producing the latest electrochemical machinery for nologies precision manufacturing of industrial details from nanostructured materials. The mission, fundamental principles, and goals of In all, the first 17 project companies established with the corporation are set forth in the Business Strategy RUSNANO’s participation earned more than one billion of the Russian Corporation of Nanotechnologies to rubles from the sale of nanotech products in 2010; 2020, approved by its Supervisory Council in May roughly a quarter of the income was derived from 2008. That document is based on provisions of the exports. presidential initiative Strategy for the Development of a Nanoindustry (№ Pr-688 approved April 24, In its work to establish infrastructure for the 2007), the federal law On the Russian Corporation of nanoindustry, the corporation held two tenders for Nanotechnologies (№ 139-FZ dated July 19, 2007), nanotechnology centers during the year. After the and instructions from the Government of the Russian first competition, investment agreements were Federation for realization of a nanoindustry in the signed for four centers: one to be shared by Tomsk Russian Federation to 2015 (№ VZ-P7-2702 dated May and Novosibirsk and one each in Zelenograd, Kazan, 4, 2008). and Dubna. The second open tender for selection of nanotechnology centers was held in November and The mission of the corporation is to carry out resulted in three more proposals being accepted: in government policies for the establishment of a Ulyansk, Troitsk, and Yekaterinburg. The seven projects domestic nanoindustry and for Russia’s entry into the have combined budgets of 18 billion rubles; RUSNANO group of world leaders in nanotechnology. From this is committed to co-investments of eight billion rubles goal flows the primary charge to the corporation — to for the centers. promote commercialization of nanoindustry products, to enable the formation of infrastructure for the As provided in RUSNANO’s conceptual framework for nanoindustry, and to prepare and realize educational educational programs, the corporation is working to programs. create human resources potential through advanced training and professional development that will ensure The business strategy of the corporation contains the availability of a cadre of well-trained specialists to benchmarks for measuring whether objectives have meet the future needs of the nanoindustry. been achieved: By 2015 the value of nano-enabled goods produced by businesses in which RUSNANO The corporation also devotes considerable attention to co-invests shall equal or exceed 300 billion rubles per stimulating demand for innovation, including demand year. The nanoindustry in Russia as a whole by 2015 for nano-enabled products. One way it does this is by shall reach 900 billion rubles. While investing financial organizing formal links between product manufacturers resources to create high-technology production, the in the nanoindustry and the largest participants in the corporation also works to establish legal and financial market, their suppliers, and customers. infrastructure and infrastructure for innovation, On July 30, 2010, federal law №211-FZ On realizes educational programs, stimulates demand for Reorganization of the Russian Corporation of innovative products, and organizes statistical review of Nanotechnologies dated July 27, 2010, became the nanoindustry. effective. It provided for the transformation of state Investment projects are the most commanding corporation Russian Corporation of Nanotechnologies instrument at the disposal of the corporation to meet into an open joint stock company with 100 percent of its mandate. its shares owned by the Government of the Russian Federation and with all rights and responsibilities of the corporation transferring to the new company under the principle of universal succession. Furthermore, By 2015 the value of nano-enabled. the law directed the establishment of the Fund for goods produced by businesses . in which RUSNANO co-invests will . Infrastructure and Educational Programs to continue equal or exceed the infrastructure and educational programs that had been part of the corporation’s work. On March 11, 2011, the Russian Corporation of Nanotechnologies was transformed into Open Joint Stock Company RUSNANO.
3 Russian Corporation . of Nanotechnologies Annual Report 2010 Project Consideration
Types of Projects Considered Entry Review by the Corporation All applications received by the corporation pass In accordance with article 20, chapter 4 of the federal through an entry review. The corporation has law On the Russian Corporation of Nanotechnologies formalized that process in Rules on the Realization and and part 3 of Procedures and Conditions for Monitoring of Pre-investment Stages of Project Activity Financing Projects, an internal document, in 2010 the of the Russian Corporation of Nanotechnologies. corporation considered and, for those successfully Entry review consists of three blocks. Document passing expert assessment, financed the following evaluation determines the standing of the materials types of projects: and ascertains their conformance in format, Manufacturing projects: investment in establishment completeness of materials, and authenticity to or expansion of the production of nanotechnology Requirements for Composition and Content of products Projects in the Area of Nanotechnology Proposed for Financing with Resources of the Russian Corporation Infrastructure projects: investment in objects of Nanotechnologies. Possible duplication of an earlier that directly influence the rate of growth and request is excluded, and the request is examined for the effectiveness with which nanotechnology is indications of dual-use technology. Finally, the material commercialized — innovation-technology centers is analyzed for the quality and safety of the products and technoparks, centers for technology transfer, proposed, the technology to be employed in the information databases, normative-legal framework project, and the validity of its metrological methods. for the nanoindustry, investment funds, and other projects to form infrastructure for engineering and Science and Technology Evaluation development of nanotechnological production The purpose of the science and technology evaluation Educational programs: investment in the is to render expert opinion on the relevance of the organization and operation of training centers and proposed work to the field of nanotechnology and the programs to ensure that the nanoindustry, including scientific justification and the technical feasibility of project companies established with RUSNANO’s the project. Evaluation is conducted in accordance with participation, can call upon a capable workforce that internal documents, specifically, the Procedures for will enable it to grow Science and Technology Expert Evaluation of Scientific Synchronized implementation of these projects is Research and Experimental Design Development fundamental to crafting a new economic model for our Projects, Grants, and Investment Projects. country — a model built and operating on innovation. Independent experts, whom RUSNANO accredits, and professionals in its Department of Scientific Requests for Financing: and Technical Expertise carry out the science and Stages of Review technology evaluation. During 2010 the pool of independent experts rose to 566: 79 percent had Applications that RUSNANO receives for financing¹ earned doctor of science degrees; 20.5 percent, PhDs. enter a multi-step system of expert assessment, Eight-six percent of the experts are Russian citizens and enabling the corporation to select technically feasible 14 percent are citizens of other countries. and economically promising projects. Projects that directly relate to nanotechnology and that offered During 2010 the corporation conducted 358 science realistic potential for commercial success are refined and technology evaluations. One hundred and fifty-six following established procedures and brought by were recommended for further consideration by the the Executive Board to the Supervisory Council for corporation. In addition, the Department of Scientific final decision. The order of assessments and decision and Technical Expertise evaluated two investment making on financing of projects is governed by projects for RUSNANO Capital, 14 projects from the Regulations on the Science and Technology Board first tender of the Russian-Israeli innovative program for of the Russian Corporation of Nanotechnology, cooperation in industrial research and development, the Concept for Conducting Project Assessments, and 55 projects presented to the Commission Regulations on Assessment of Projects, and other under the President of the Russian Federation for internal documents of the corporation. Modernization and Technological Development of Russia’s Economy.. .
1 Application for project financing is a general term used by the corporation for documents it has received regardless of their completeness or quality. 4 Russian Corporation . of Nanotechnologies Annual Report 2010
Investment Evaluation Investment evaluation ascertains the economic advisability of cofinancing a project with resources of the corporation. This stage includes financial- RUSNANO conducted economic, legal, production technology, patent, marketing, certification, metrological, and risk analyses. Most prominent among the indicators studied during financial-economic analysis are the project’s economic impact, return on investment, earnings from realization of the nanotechnology products per ruble of investment by RUSNANO, and level of risks that the project carries. The production technology analysis produces findings on the practicability of planned production, the scalability of the technology, and the availability of science and technology . essential equipment and materials. evaluations in 2010. Patent analysis reveals any potential patent conflicts in the production technology and know-how that the applicant proposes to use. Market analysis establishes parameters of the target markets (size, anticipated growth, opportunities to enter mixed markets), estimates the competitiveness of the proposed products, and determines the best model for promoting goods. To ensure independence and high quality of evaluation, the corporation retains external organizations that specialize in conducting investment expertise. The companies are selected through competitive procedures. Independent evaluation is made of non- monetary investment by the company-applicant and co-investors. Comprehensive verification is made of all who are to take part in the transaction. Depending upon the degree of project preparedness, additional expertise may be conducted; examples include field tests of product specimens, assessment of product safety, and evaluation of the extent of control that can be exercised over the technology and products in the proposed project. During the assessment of projects, weight is given to such factors as a proposal’s potential for replacing imports, the opportunities it offers for transferring and introducing advanced technologies to Russia, and its social significance.
5 projects were approved . by the Supervisory Council . Budgets for . of the corporation in 2010. the projects total
of which RUSNANO . will co-invest
6 Russian Corporation . of Nanotechnologies Annual Report 2010 Project Activities of the Corporation
Application Reviews Figure 1. Distribution of domestic applications by federal okrug and Project Approvals of the Russian Federation, 2008–2010
The corporation received 439 applications for project 168 financing during 2010. The applications contained Central . Federal Okrug 413 budgets totaling 1.867 trillion rubles of which 556.4 291 billion rubles (29.8 percent) were requested directly from RUSNANO. From April 1, 2008, when RUSNANO began accepting 46 applications, through December 31, 2010, the Privolzhsky. 84 corporation registered 1,884 applications for project Federal Okrug financing, including 16 educational projects. The 100 budgets accompanying these requests totaled 4.06 trillion rubles of which 1.79 trillion rubles (44 percent) was sought from the corporation. 42 Siberian . Geographically, applications in 2010 were very broadly Federal Okrug 95 distributed, coming from 169 cities or towns in 59 Russia and abroad. The 343 applications from Russian businesses and organizations came from all eight federal districts in the following order: Central Federal 38 Okrug — 49 percent (168 applications), Privolzhsky Northwestern . Federal Okrug — 13 percent (46 applications), Federal Okrug 76 Siberian Federal Okrug — 12 percent (42 applications), 50 Northwestern Federal Okrug — 11 percent (38 applications), and Urals Federal Okrug — 8 percent (26 applications). Twelve applications came from the 26 Southern Federal Okrug, six came from the Far Eastern Urals . 65 Federal Okrug, and five came from the North Caucasian Federal Okrug Federal Okrug (figure 1). 28
12 Southern . Federal Okrug 27 23
6 Far Eastern . Federal Okrug 11 7
Northern Caucasian 2010. Federal Okrug 5 2009. 2007-2008
7 Russian Corporation . of Nanotechnologies Annual Report 2010
In 2010 the corporation received 96 applications for Analyzing the content of the 439 domestic and foreign financing from applicants of 20 foreign countries requests for cofinancing received during 2010, it is (figure 2). This is an increase of 25 percent over foreign worth noting that most applicants sought funding to applications in 2009. establish new production or expand and modernize existing manufacturing. Requests for financing research and development work, which RUSNANO Figure 2. Distribution of applications by foreign country, 2008–2010 does not directly fund, again declined significantly. By area of request, the applications were distributed as follows: manufacturing, 377; infrastructure, 14; funds, 37 29; research and development, 9; other, 10 (figure 3). United States 31 8 Figure 3. Distribution of applications by project type, 2010 4 Israel 5 13
15 Manufacturing 86% Other countries 9 Infrastructure 3% 11 Funds 7% Research and development 2% Other 2% 22 Germany 4 3
2 Finland 5
2 Italy 2 1
3 United Kingdom 1 1
5 Canada 3
1 Belarus 2 1
4 Ukraine 10
1 Kazakhstan 2 2010. 2009. 1 2007-2008
8 Russian Corporation . of Nanotechnologies Annual Report 2010
Information as of December 31, 2010, on the status of applications the corporation has received since it began accepting requests on April 1, 2008, is presented in table 1.
Table 1. Cumulative results and status of requests for cofinancing as of December 31, 2010 (billions of rubles)
Applications received Number by RUSNANO 1.884
Applications under review Number or assessment 534
Applications Number in entry review 221
Number 313 i n g i nclud i n g i nclud Applications in official stages of assessment Budgets 881.9 or other procedures RUSNANO share 423.4
Number 104 Projects approved by the Supervisory Budgets 347 Council RUSNANO share 140.1
Number 49 Budgets 221.0 Projects financing receiving RUSNANO share 93.1 i n g i nclud Financing extended 64.2
Number 1.246 Requests Budgets 1.659 denied financing RUSNANO share 921
As of the end of 2010, there were 313 applications The Science and Technology Board of the corporation with budgets totaling 881.9 billion rubles at various approved 84 projects during 2010. The projects are stages of assessment. They included requests of for work in nanomaterials (52), nanomedicine (17), 423.4 billion rubles (48 percent of aggregate budgets) nanoelectronics (6), nanophotonics (6), and other (1). from resources of the corporation. Of these, 117 applications with budgets totaling 363.3 billion rubles (154.7 billion rubles from the corporation) had received positive findings from the Science and Technology Board and Investment Commission, both operating under the auspices of the Executive Board.
9 Russian Corporation . of Nanotechnologies Annual Report 2010
During 2010 the Supervisory Council of the Table 2. Applications for which financing was corporation approved 44 projects. Budgets for the declined, 2008–2010 projects total 146 billion rubles of which RUSNANO will co-invest 47.1 billion rubles. Cumulatively at the end of Requested 2010, the Supervisory Council had approved projects Aggregate from the budgets . corporation . with budgets totaling 347 billion rubles, including the (in billions . (in billions . Reason for denial Number of rubles) of rubles) corporation’s share of 140 billion rubles (40 percent) and investments from co-investors of 207 billion Research and development without . 230 86.3 73.5 rubles — financial resources of 146 billion rubles and a production material and nonmaterial assets of 61 billion rubles. component The number of projects that the Supervisory Council Documents inconsistent with has approved during each of the last three years is 614 1,107.1 580.7 requirements . presented in figure 4. of the corporation Negative findings from the Science and 7 14.1 8.9 Figure 4. Projects approved by the Supervisory Council Technology Board of the Russian Corporation of Nanotechnologies, 2008–2010 Negative findings as a result of the 9 6.0 2.8 2010 44 investment evaluation 2009 54 Negative findings as a result of the science . 270 328.3 203.0 2008 6 and technology evaluation Application withdrawn 116 117.3 52.5 RUSNANO initiated financing for 33 projects in 2010, by the applicant investing in them 32 billion rubles — twice what TOTAL 1,246 1,659.1 921.4 had been anticipated in the business strategy of the corporation for the year. Adding investments begun in previous years, the number of projects receiving financing rose to 49. At yearend the corporation The corporation denied 603 requests for cofinancing had expended 64.2 billion rubles in support of these during 2010, considerably more than the 467 projects, surpassing the 45 billion rubles scheduled for requests declined in 2009. In comparison with 2009, investment in the business strategy of the corporation. the number of denials due to inconsistency with requirements of the corporation grew markedly. The cumulative total of private investment during This type of denial is usually due to an applicant’s 2008–2010 was 42 billion rubles (monetary resources insufficiently elaborated submission. Most of the of 18 billion rubles and material and nonmaterial . requests that the corporation declined sought funding assets of 24 billion rubles). These investments are also . at levels exceeding 50 percent of the equity in the significantly higher than the 9.5 billion rubles anticipated . project company the applicant proposed founding. in the business strategy. Brief descriptions of the The federal law On the Russian Corporation of projects approved for cofinancing by the Supervisory Nanotechnologies requires that RUSNANO’s co- Council in 2010 appear in appendix C. investment in equity be less than 50 percent. The In 2008–2010 the corporation declined 1,246 remainder of a project’s equity, except under rare and applications for financing. Reasons for denial, numbers, special circumstances approved by the Supervisory and budgets are presented in table 2. Council, must come from private investors.
10 Russian Corporation . of Nanotechnologies Annual Report 2010
Manufacturing Projects Nanomedicine Project Activities of the Corporation The corporation devotes foremost attention to Biobetters are a promising class of pharmaceuticals. applications for establishing new nanotechnology A RUSNANO-supported project, SYNBIO, will establish production and expansion of existing nanotechnology production in Russia of biodegradable nanocomposite- production. based biobetter drugs to bring to market nine original drugs that have been developed with three In 2010 RUSNANO received 377 requests for technologies. One of these drugs, Oncohist, is a manufacturing projects with aggregate budgets of promising treatment for acute myeloid leukemia. 1.7 trillion rubles and financing from the corporation Another pharmaceutical, APO B100, is a breakthough of 479 billion rubles. The number of these projects in treatment of atherosclerosis. Still another unique as a percentage of total requests continued to rise. drug was created using technology for binding At the end of 2010, they made up 86 percent of the medicinal components with polysialic acid. Binding requests. For comparison, at the end of 2009 and prolongs the action of the active ingredients and gives 2008, requests for manufacturing were 83 percent the pharmaceutical more pronounced therapeutic and 38 percent of the total registered requests, effect than its competitors' drugs. Gematsel, a respectively. principally new product in the market, offers promise The largest number of manufacturing projects as an alternative to expensive liver transplants. winning approval from the Supervisory Council during In a project to produce medical bandaging materials 2010 came from high-technology sectors. Analysis for wound and burn treatment, project company of the structure of manufacturing projects that the LOKUS plans to expand production of bandages using Supervisory Council approved during 2010 shows a gelatinous polyurethane foam to which nanobemit nanomaterials, nanomedicine, and nanophotonics has been added. LOKUS wet dressings are better than as having the most projects. The distribution of their foreign competitors’ products by a number of manufacturing projects is shown in figure 5. important technical and consumer parameters, and they surpass traditional adhesive dressings by cost of treatment. The nanocrystalled bemit improves Figure 5. Manufacturing projects approved by the Supervisory Council in 2010 by nanotechnology area the mechanical qualities of the bandages, giving them greater flexibility, greater absorption, higher
Nanomaterials 13 antibacterial properties, increased thermal insulation, and better gas permeabillity. Nanomedicine 7 Nanophotonics 6 In another newly approved project, focus is on the Nanoelectronics 5 development, production, and clinical introduction of new generation antitumor nanodrugs. The project Technology and equipment 2 company will produce cancer-fighting medicines Nanobiotechnology 1 based on nanoformulated molecular modulators of Other areas 2 cellular stress. Therapeutic effects of the nanodrugs are expected to surpass antitumor drugs currently available in global markets. They should, as well, resolve One of RUSNANO’s principles in selecting projects for serious problems associated with today’s drugs: tumor co-investment is product competitiveness in Russian cell resistance to therapy, immune tolerance, and high and world markets. Staff conducts thorough analysis toxicity of antitumor treatments. of the product in its projected markets. A significant number of the projects approved for cofinancing meet or exceed current world-level technologies, giving the products considerable export potential. Other factors weighing in favor of cofinancing are a product’s forecasted ability to replace imported goods or to transfer and introduce cutting-edge technology . in Russia.
11 Russian Corporation . of Nanotechnologies Annual Report 2010
Nanophotonics communications devices and consumer characteristics Project Activities seen in contemporary smartcards and pocket PCs. of the Corporation A project to create a fiber laser industry in Russia will The project’s PDAs have superior characteristics to produce powerful fiber lasers and telecommunications products from leading competitors in the segment. equipment with high-output optical power. Manufacturing technology includes laser diodes Nanomaterials and LEDs with nanoclusters of ions of rare earth metals. Semiconducting diodes with nanostructures Financing is already underway for the corporation’s provide energy during laser pumping, and the optical first Israeli project. Its Russian-based project company nanostructured fibers are capable of transmitting will manufacture circuit boards with high thermal powerful light flux. Existing gas and solid-state lasers conductivity for ultrabright LED assembly. It will use an
with lamp and diode pumping cannot meet either of anodizing process to obtain an Al2O3 nanoporous layer those challenges, nor are they cost effective at high on an aluminum base. Project management will use power levels. patented ALOX technology in production of single- and multilayer boards for LED assembly as well as other Fiber lasers from IRE-Polus and its parent company, electronic devices. Substrates for the cards are made IPG Photonics Corporation (USA), are based on of a conducting laver of aluminum and/or copper and developments by Russian scientists whose work is a a dielectric material. The dielectric material carries breakthrough in laser building worldwide. The most the nanoporous structure and is responsible for the important characteristics of IRE-Polus’s fiber lasers are considerable competitive advantage of the substrate in their singularly high performance and service life, and comparison with global competitors. their low beam divergence, which approaches physical limits. The equipment produces a highly dense beam A manufacturing project for nanostructured directed toward an object during welding or cutting at superconductors and associated goods will set up a considerable distance. Lasers from IRE-Polus are fully large-scale production in Russia of second generation integrated instruments; they do not need the mirrors, high-temperature superconducting tape and goods crystals, gas chambers, or precision mechanics that using the tape. The project will pave the way for taking other lasers require. The proprietary kilowatt system a Russian design that has numerous advantages into of IPG Photonics and IRE-Polus has already passed a rapidly growing international market. It will, as well, certification from Volkswagen, Daimler AG, KUKA, Linde help develop and produce more energy efficient, more Gas, EWI, UralVagonZavod, Aviastar, UAZ, and other compact, and safer equipment for power, medicine, manufacturers. and R&D. A project in nanofiber sensors will create a A project to produce jointing and antifriction materials sophisticated measurement and monitoring system based on radiation-modified polytetrafluoroethylene using fiber optic sensors with nanostructured will soon get underway in collaboration with the waveguides. The project company will produce renowned Karpov Institute of Physical Chemistry. advanced metering transformers using fiber optic Its technology comes from more than 20 years of current and voltage sensors based on nanofibers. research in modification of polymer materials with Its products will bring innovative solutions to power, gamma rays. As a result of this work, scientists have transportation, metallurgy, mining, and others derived material with superior physical-chemical industrial sectors. It will establish domestic production properties to those of the base material, including of equipment that is without parallel in the world. durability and imperviousness to chemical and radiation exposure. Nanoelectronics The work of Russian scientists is also at the base of a Project applicant ELVEES, a Russian-based world leader project to commercially manufacture noncombustible in video surveillance, won project approval to develop a modified PET (polyester) fibers. The PET fibers cluster center for VLSI design with nanometric design will be used to produce nonwoven fabric that is platform and production of high-tech items based on environmentally safe and poses no health threats. them. Its project company will manufacture consumer The fabric will then be used as a thermal insulator electronics equipped with computer vision and artificial for dwellings and technical objects. In addition to intelligence. It will also produce PDAs for professional its considerable environmental advantages and connectivity that combine the advantages of special harmlessness for humans and pets, this thermal
12 Russian Corporation . of Nanotechnologies During 2010 the first Annual Report 2010
with co-investment . from RUSNANO opened.
insulator has a longer service life; it may be recycled; In November 2010 Russia’s first manufacturing . Project Activities of the Corporation it resists bacterial decay and exposure to mold, insects, facility for ultrabright LEDs and LED modules — and . and rodents; it has high water-repelling properties while the largest in Eastern Europe and CIS countries — . being air permeable; it is elastic and simple to use. opened in St. Petersburg. The first production line has output capacity of 360 million LEDs per year. Lighting The focus of a project with Novomet is to update and systems created with these LEDs are comparable in expand manufacturing facilities where nanotechnology brightness to the best systems in the world. With the is employed to produce highly reliable electric help of patented technology, the project company submersible pumps (ESP) for oil extraction. The has attained record low numbers of defects in the Perm-based company and its partners developed semiconducting layers, enabling the lighting to operate technological advances for protective and functional where current density is high without loss of effect and nanostructured coatings made from titanium oxide, giving the LED chips an excellent brightness-to-cost aluminum oxide, chromium, molybdenum, and ratio. tungsten. These elements and element derivatives are applied with a gas-flame spray-deposition to the New generation electrochemical machinery for ESP parts that receive the heaviest load. The size of a precision production of goods from nanostructured grain in the covering flux ranges from five nanometers materials began at a plant in Ufa, Republic of to 100 nanometers. Nanotechnology in this project Bashkortostan, in December 2010. The machinery lowers the friction coefficient of the radial bearings by is capable of processing virtually all current-carrying 1.4 to 1.7 times, raises the corrosion and hydroabrasion metals and alloys, including the hardest of them. And resistance of various parts of the pump unit, reduces the machinery has superior characteristics (processing the size of the unit, reduces its energy consumption precision, throughput capacity, and surface quality) to by 20 percent to 25 percent in comparison with similar similar machinery sold in global markets. equipment, and improves the pumps’ performance. These improvements make the Russian ESP one of the most reliable and energy-efficient in the global market, particularly for oil production at complex fields and on the continental shelf.
Manufacturing Facilities Established with Co-investment from RUSNANO and Opened in 2010 During 2010 project companies in which RUSNANO co-invests commissioned their first manufacturing facilities. In Rybinsk, Yaroslavl Oblast, in April 2010, the first plant opened for production of monolithic carbide metal-cutting instruments with nanostructured coatings. The products from the factory have no analogue in Russia. They will be used in high-tech domestic industries — engine building for aviation the rocket-and-space sector, instrument making, and others sectors. The new instruments will reduce the dependency of Russian engineering companies on imports and permit Russian industrial producers to replace imported goods used today to process various materials. The nanostructured coatings, whose application technology was developed by scientists at the Kurchatov Institute, not only increase the service life of instruments 2.5 times but sell at lower prices.
13 Russian Corporation . of Nanotechnologies Annual Report 2010
Earnings from Sales of Nano-enabled Products by RUSNANO Project Companies The first 17 project companies founded with cofinancing from the corporation had total earnings from sales of nano-enabled products during 2010 of more than one billion rubles. Nearly a quarter of that income was derived from exports. Products of the companies and their earnings are shown in table 3. In first year earnings, the project companies exceeded expectation. The business strategy of the corporation had forecasted earnings from the new companies to begin in 2012. project companies earned . Studying the Russian economy as a whole, analysts income from the sale . at RUSNANO estimated that the income of project of nano-enabled products . companies associated with the corporation made up around seven percent of the country’s revenue from during 2010. nanorelated goods1, and services (around 15.2 billion rubles without oil refined products). Lux Research, an independent research and advisory firm, valued the world market for goods and services in nanotechnolgy at $500 billion in 2010, which would put the Russian Federation at around 0.1 percent of the world market. According to forecasts by RUSNANO and the project companies, the 100-plus manufacturing companies and funds approved for financing from 2008–2010 will earn 200 billion rubles in 2015. Adding to them new companies and funds that will be approved in 2011-2013, the RUSNANO project companies can be expected to earn 300 billion rubles in 2015, thus satisfying one of the key indicators of success set out in the business strategy of the corporation. Exports will account for 60 billion rubles of that sum.
was earned from the sale . of nano-enabled products.
2 To date Russia has no generally accepted method for reporting or estimating earning in nanotechnology. The corporation has undertaken work to establish a method, which it hopes will be broadly adopted. 14 Russian Corporation . of Nanotechnologies Annual Report 2010
Infrastructure Projects Table 3. Project companies, their nanotechnology products, and revenue, 2010 The corporation’s infrastructure projects contribute to forming technological, organizational, and financial- economic infrastructure for Russia’s nanoindustry. Revenue. In undertaking this work, RUSNANO strives to create (thousands . Company Products of rubles) conditions conducive to generating new projects, Nanocoated tools for milling . encourages growth of small innovative companies, and ZAO New Instrument Solutions 49,164 and drilling supports companies engaged in the nanoindustry. Multifunctional nanotechnology center Colloidal quantum dots 2,731 As part of its efforts to realize the Concept for Dubna RUSNANO Nanotechnology Centers, the corporation OOO IRE-Polus Impulse lasers 21,526 announced on December 17, 2009, its first tender Machinery and technological for projects to create nanotechnology centers. The OOO ESM 25,037 advances using machinery corporation accepted proposals through February 15, Prepregs, carbon tape-fabric, carbon ZAO Prepreg-SKM 1,270 2010. On March 26, 2010, after the scientific, technical, fabric-twill and investment assessments, the tender commission Articles and assemblies of selected the following projects: OOO VIRIAL nanoceramic matrix compositional 138,124 material and reinforced nanocoverings Nanotechnology center Idea in Kazan, Republic of ZAO Optogan LEDs 6,550 Tatarstan
OOO Usolie-Sibersky Silicon Polysilicon 233,684 Multifunctional nanotechnology center Dubna in Dubna, Moscow Oblast ZAO Plackart and subsidiary companies Protective nanocoverings 278,489 Nanotechnology center Nano- and Microsystem ZAO Microbor Nanotech Cutting instruments 2,478 Technology in Zelenograd, Moscow Infrared sensors for detecting OOO OptoSense 402 explosive gases Multidisciplinary nanotechnology center SYGMA, Ultraviolet curable nano-ink solvent Tomsk and Novosibirsk, Siberia ZAO SUN-NSK nano-ink, LED blocks, sources for 75,216 ultraviolent beams In investment agreements that the corporation High-speed vertical-cavity surface- signed with project awardees, RUSNANO assumes OOO Connector Optics 896 emitting lasers responsibility to invest financial resources in the ZAO METACLAY Nanomodified polyethylene 33,014 operating budgets of the centers and to purchase equipment for transfer to the management companies Units for plasma etch chemistry and ZAO NTO 39,386 high-speed thermal treatment of the nanotech centers on preferential rental terms. RUSNANO’s funding of these four projects will reach OOO Unicom Composite materials 111,541 5.8 billion rubles, which is 44 percent of their total OOO MANEL Coating process using MDO 1,403 budgets. By 2015 the centers are expected to have earned 1.5 billion rubles and to have contributed to the establishment of 100 new small innovation companies in nanotechnology that could compete for venture financing in their next development stage. As stipulated in investment agreements, during 2010 RUSNANO invested 423 million rubles in the founding of the SYGMA nanotechnology center and 1.6 billion rubles in the founding of the Idea nanotechnology center. Financing for the centers in Zelenograd and Dubna will be carried out in early 2011.
15 Russian Corporation . of Nanotechnologies Annual Report 2010
total amount of financing to establish . the first four nanotechnology centers
The second open tender for selection of Educational Programs nanotechnology centers was announced on The corporation finances educational activities in September 1, 2010, and documents were accepted order to ensure that the nanoindustry of the country through October 18, 2010. On November 25, 2010, has the professional potential it will require. It does after the tender commission had submitted its findings, this work through programs for advanced training three more projects were selected for investment: and professional development. At the end of 2010, Nanotechnology center Ulyanovskiy, Ulyanovsk, RUSNANO was involved in 38 educational programs Ulyanovsk Oblast (figure 6). Nanotechnology center Technospark, Troitsk, Moscow Oblast Figure 6. Number of educational programs Nanotechnology center Yekaterinburg, sponsored by the corporation, 2008–2010 Yekaterinburg, Sverdlovsk Oblast Aggregate budgets of the three projects exceed 4.6 2010 38 billion rubles. RUSNANO will invest no more than 2.3 2009 11 billion rubles. 2008 1 The Concept for RUSNANO Nanotechnology Centers envisions establishing 15 to 20 such centers. The A large portion of the educational programs evolve from centers are designed to nurture the nanoindustry in requests by project companies that have been created early stages of technology transfer by conducting with RUNANO’s support. A new tendency encountered experimental design and experimental engineering in 2010 was the appearance of programs oriented work, developing working documentation and toward employees of several project companies technological conditions, finalizing production simultaneously. They include a program to improve skills technologies, and releasing product test batches in managing communications for innovative businesses, among other activities. Nanotechnology centers a program for metrological provision of nanoscale will spawn innovative companies and introduce new measurements, and a program on venture capital technologies through patent sales and licensing. financing for nanoindustry projects. Two infrastructure projects were in early stages There are as well corporation-sponsored programs of at yearend: a joint project for technology transfer a technological nature. For example, the Mendeleev partnering the Russian Academy of Sciences and University of Chemical Technology of Russia (Moscow), RUSNANO and a project to analyze and stimulate in an educational program for METACLAY, will train demand for supercomputer computations. specialists for a research and development laboratory RUSNANO signed cooperation agreements with three in Moscow and then onsite at METACLAY’s central international technology transfer centers: University laboratory at its factory in Karachev, Bryansk Oblast. of Colorado, University of Utah, and Silicon Valley An educational program developed for Unicom by Technology Center. the Moscow State Automobile and Road Institute will train employees on campus in its first phase and later conduct training at scientific-educational centers in the United States and the Netherlands. Each standard educational program can be adapted to specific needs of the requesting company. This might be done by including in a technology educational program, for instance, a segment on patenting, onsite training in nanometrology, or practical applications of management theory. The third type of educational program supported by RUSNANO is comprehensive in character and targeted to prepare a variety of employees in a project company. The St. Petersburg Academic University– Nanotechnology Research and Education Centre of the Russian Academy of Sciences prepared a program
16 Russian Corporation . of Nanotechnologies Annual Report 2010
for Connector Optics composed of modules with Project Activities educational programs . of the Corporation both technical and managerial aspects. Vladimir State University is realizing a similar program for RM Nanotech, for advanced training . and the Dubna International University of Nature, and professisonal . Society and Man in partnership with scientists from the Russian Academy of Science and practicing physicians is development (cumulative . doing so for TRACKPORE TECHNOLOGY. sum from 2008 through 2010) From our experiences in 2010, we are expecting that project companies, in formulating requests for employee training, will increasingly seek educational programs that combine engineering and technological information specific to their businesses with managerial and entrepreneurial skills to manage innovation and commercial technologies. The educational programs of the corporation involve leading Russian scientific and educational centers as well as distinguished foreign universities and private companies. Our foreign partners include the Massachusetts Institute of Technology (USA), Babson College (USA), Feng Chia University (Taiwan), the Stockholm School of Economics Russia, the Berlin Institute of Technology (Germany), Strategic Technologies Practice (United Kingdom), Skylight Navigation Technology (USA), Bell Labs (USA), Alcatel- Lucent (Ireland), Kember Associates (United Kingdom), OMMIC (France), Optogan’s Dortmund research center (Germany). Job qualifications by professional specialty that employees in nanoindustry businesses should possess were codified during 2010. The document containing job qualifications will guide planners of professional educational programs and companies placing applicants in the labor market. The corporation waded into a new area of educational activity in 2010, opening a project titled the RUSNANO School League, which is directed toward students at pre- university levels who are in early stages of professional orientation. The corporation engaged 20 schools in 10 regions of the country in this project. directed toward financing . As in past years, the corporation worked with Moscow State University to organize the annual all-Russia educational activities in 2010 Olympiad Nanotechnology — Breakthrough to the Future! In 2010 nearly 5,500 students from 81 regions of the Russian Federation and 29 foreign countries took part in the event. The corporation raised its financial support for educational programs in 2010 notably. During the year it spent 387 million rubles to advance its educational goals compared with 33 million rubles in 2009.
17 Russian Corporation . of Nanotechnologies Annual Report 2010
Joint Venture Capital Funds venture capital Eight venture capital investment funds have been funds were . created from 2008 through 2010. Collectively, the approved . funds have amassed 62.7 billion rubles, including from 2008 . cofinancing from RUSNANO of 30.2 billion rubles. through 2010. In 2010 the Supervisory Council of the corporation approved creation of a regional fund for development of innovative projects, Kama Fund First, established with the government of Perm Krai. The fund was established specifically to use the innovative, industrial, and scientific potential of the region. Kama Fund First has a target size of two billion rubles. RUSNANO and Perm Krai will each provide 750 million rubles; the balance is to be attracted from private investors. Not less that 75 percent of the financial resources of the fund will be invested in projects with nanotechnology applications. All investments will be restricted to the region. During the fourth quarter of 2010, the council approved creation of a pan-European venture capital fund. The EuroTech Transfer fund will specialize in projects that are transferring primarily European technology to Russia and in commercializing that technology. Investments will go to existing technology companies that are ready to enter mass production, broaden production, or expand their markets. Projects oriented toward replacing imports with domestic goods will be a priority. The fund will have resources of 15 aggregate financing . billion rubles of which RUSNANO will contribute up to 7.5 billion rubles. UniCredit group is the corporation’s for venture capital funds partner in the pan-European fund. Fleming Family & Partners is its management company. As of December 31, 2010, three venture capital funds with RUSNANO’s participation had been launched: RUSNANO Capital; Peredovye Nanotechnologii, Krasnoyarsk Krai, a fund for small-budget projects in nanotechnology; and Nanomet, a fund to introduce nanotechnologies in the metallurgy industry. The corporation has invested a total of 6.76 billion rubles in the three funds.
cofinancing from RUSNANO
18 Russian Corporation . of Nanotechnologies Annual Report 2010 Management of Project Companies
When cofinancing a project, RUSNANO is not the The corporation and its partners continued to work majority shareholder in the project company. in 2010 to implement the system of treasury control Therefore, it does not have dominant influence over over spending for earmarked resources in projects the operations of the project company. Nevertheless, realized with the corporation’s participation. Each the corporation is entrusted with control functions to project company must adopt policies and procedures ensure effective expenditure of resources invested in regulating the expenditure of funds that the the project and adherence to terms and conditions corporation has designated for project financing. In for project realization. It does this through a system of compliance with RUSNANO’s requirements, project corporate management. companies place the invested resources in bank accounts with special servicing regimes, including Protecting the interests of the corporation is integral payments from the accounts in adherence to budgets to all stages of project realization. The following that have been adopted by its managing bodies. This summaries its primary mechanisms: mechanism must be part of the banking services Conclusion of agreements among shareholders agreement between the company and its bank. and participants in a project company in which all Project companies select their servicing banks from essential questions pertaining to the establishment, RUSNANO’s list of bank-partners, banks that have functioning, and management of that project expressed interest in providing treasury control and company are addressed that meet requirements of the corporation. To be Adoption of all key decisions by management bodies included in the corporation’s list, a bank must have a of a project company only with participation of credit rating and, in its extension of credit, monies the representatives of the corporation bank lends to legal entities and sole proprietorships must constitute 50 percent or more of its credit Assertion, under unusual circumstances, of other portfolio. There were 54 banks in the list of bank- rights of the corporation as a participant in a project partners in 2010. The list grows constantly as more and company more banks apply to the corporation for inclusion and The corporation permits various organizational-legal pass through its process for approval. forms for the project companies in which it co-invests. A system for monitoring and control of the use Companies may be Russian legal entities (preferably) of invested resources is implemented in projects or legal entities of foreign jurisdiction. Their form and whose project companies are established in foreign jurisdiction are chosen with consideration for the jurisdictions as well. Control to ensure proper use interests of key investors, the appeal to new investors, of these resources is exercised in compliance with the eventual exit of the corporation from the fund, and legislation of that country. the transfer of useful technology to Russia. Today most of the companies are registered as closed joint stock If necessary, special conditions for financing a project companies and companies with limited liability. may be developed and implemented, enabling the corporation to carry out monitoring and control to Certain nanotechnology projects and projects ensure proper use of invested resources. stimulating nanotechnology development are established as non-commercial organizations. The Center for Technology Transfer, jointly established with the Russian Academy of Sciences, and the nanotechnology international forum RUSNANOTECH are two of the non-commercial organizations the corporation supports. RUSNANO strives to follow the best Russian and international practices in company activities, including third-party evaluations of the quality of project realization. The corporation attracts independent directors to serve on company boards. In project company Plackart, for instance, Dmitry Doev and Andrey Reus, general directors of Gazprom Tsentrremont and OBORONPROM, respectively, were elected to the project company’s board.
19 Russian Corporation . of Nanotechnologies Annual Report 2010 Role of the Corporation in Creating an Environment for Innovation
Russia’s normative and legal base is a critical Specialists at the corporation worked on improvements component in forging an innovative environment. in domestic corporate legislation and made proposals Improving that base would do much to stimulate for organizational-legal forms of entities. The changes commercialization of the latest technology, encourage they proposed are consistent with current world modernization of manufacturing enterprises, and standards for conducting innovative businesses and form a favorable business climate in which Russian would create more suitable conditions for organizing innovative companies could work. venture funds and project companies at various stages of development. Adoption of this legislation would Throughout 2010 specialists in the corporation enable Russia to compete in attracting global venture together with representatives of ministries, agencies, capital and world-class innovation professionals. and professional associations, analyzed legislation and formulated proposals for legislative changes. The Russia’s system for regulating technology contains corporation, at the request of government bodies, numerous limitations on the production and circulation evaluated drafts of new laws and regulatory acts. of innovative products. This is a significant problem. The corporation developed proposals during 2010 for RUSNANO has taken part in work to improve civil its resolution through the following changes: legislation so that agreements of simple partnership and limited partnership could be employed in Broaden the list of standards in use and introduce a developing collective investment and innovative standard similar to the preliminary standard that is project activity in Russia. Work included preparing: accepted in a number of European countries Conceptual framework for a new organizational-legal Institute a procedure for mandatory confirmation form that would satisfy the requirements of the of the compliance of goods during declaration venture capital community when innovative project and certification based on the model in European activity is contemplated under a limited partnership countries and country-participants in customs unions Comments on the draft federal law On Investment Partnership with explanatory memoranda and a list Specify mechanisms for mandatory confirmation of of federal legislation the corporation recommends compliance with technical specifications without the for nullification, change, or additions in connection use of standardization documents with the adoption of this federal law Introduce measures holding certifying bodies Comments on the draft federal law On the accountability for refusing to certify products that Introduction of Changes to Discrete Legislative meet requirements in technical regulations Acts of the Russian Federation in Conjunction with For products first under development, introduce the Adoption of the federal law On Investment provisions for declaring them in compliance Partnership independent of existing means of confirming Comments on the draft federal law On Limited compliance for this type of product (including for Partnership and draft federal law On the Introduction certifiable products), with the caveat that they must of Changes to Discrete Legislative Acts of the have supplementary labeling and with the possibility Russian Federation in Conjunction with the Adoption of the products’ transfer being accompanied by of federal law On Limited Partnership increased responsibility on the part of the producer Analysis of the feasibility of introducing the concept Ascertain which old norms apply to a product that of irreducible penalty into Russian trade law appears in the government-adopted list of products requiring declaration or certification before adopting Analysis of proposed changes to the Civil Code of the technical specifications Russian Federation (parts I, II, and III), developed by the Council for Codification and Improvement in Civil In 2010 RUSNANO encouraged standards setting Law under the President of the Russian Federation. for the industry consistent with national and global practices, which would promote growth in Assessment of proposed changes in the Civil Code nanotechnologies and output of nanoproducts. Under of the Russian Federation on the development of a program for development of national standards venture legislation, including drafts of the laws On adopted by Rosstandart (Federal Agency for Technical Investment Partnership and On Limited Partnership Regulation and Metrology), RUSNANO and other
20 Russian Corporation . of Nanotechnologies Annual Report 2010
organizations developed drafts of 34 nanoindustry In 2010 the Russian Corporation of Nanotechnology standards that were reviewed and reworked with laid groundwork to stimulate demand for innovative comments from interested parties. In 2011 the products thorough changes in government regulations standards will go through expert review and public that would improve energy conservation and energy discussion. Adoption of the standards, including 11 efficiency in the Russian economy: standards for energy conserving LED products, is Prepared proposals for inclusion in draft decree of expected in late 2011. the Government of the Russian Federation № 340 On December 27, 2010, the Federal Service on On the Procedure for Establishing Requirements Customers' Rights Protection and Human Well-Being in Energy Conservation and Energy Efficiency in Surveillance adopted Classification of Products Organizations Carrying Out Regulated Activities, and Technology of the Nanoindustry by Level of issued on May 15, 2010 Potential Hazard. Methodological recommendations Prepared proposal for inclusion in draft order of the for classifying nanotechnologies and nano-enabled Ministry of Economic Development of the Russian products according to their potential hazards were Federation № 229 On Requirements for Energy developed at the initiative of the corporation and with Efficiency of Goods Used to Create Elements of its participation. The recommendations provide a Construction for Buildings, Structures, and Edifices, framework for distinguishing nanoproducts that may Including Engineering Systems Supplying Resources enter the market without any additional control. That Influence the Energy Efficiency of Buildings, Government purchases are an effective mechanism Structures, and Edifices, issued on June 4, 2010 for stimulating demand for innovative products. Prepared comments and proposals in energy Despite the large volume of purchases by government, conservation and energy efficiency for eight drawn from many economic sectors, procurement draft decrees of the Government of the Russian of innovative products as a percent of government Federation and four draft orders of federal agencies purchases remains extremely low. Long-standing of executive authority developed by ministries and conditions continue under which a considerable governmental agencies portion of state-ordered research and development ends without announcements of results or the R&D With support from RUSNANO studies were conducted outcomes are not in demand and not commercialized. to determine whether LEDs and LED lighting had Emphasis on minimizing purchasing cost is ineffective psychological or physiological effects on the human for procurement of complex goods, services, and organism. The studies showed that LED lighting had research and development. Lower cost in developing a advantages over luminescent lighting. The findings led product not only fails to reduce the product’s eventual to approval of changes in sanitary and building rules cost but often actually increases it. In order to resolve and standards. The use of LED lighting in homes and systemic problems in government and municipal public buildings was approved. procurement, RUSNANO in conjunction with other Development of an adequate intellectual property interested parties: market is a prerequisite to an innovation economy. The Developed proposals for improving state purchasing patent attorney who is able to make expert defense mechanisms, particularly: of rights to intellectual property is a significant figure in the intellectual property market. Russian legislation . ..Specifying the singular nature of purchases for · governing intellectual property needs to be improved scientific-research, including those for exploratory, by establishing effective regulatory control of patent experimental design, and technological work attorneys through a professional association and by · Implementing special purchasing technology bringing Russian law in this sphere in concert with for complex, innovative products international law and practice. In furtherance of those goals, staff of the corporation: Prepared proposals to apply cost of ownership instead of acquisition cost in criteria for state and Analyzed current legislation regulating activities municipal purchases of patent attorneys and prepared a description of problems and inadequacies in legal regulation of patent attorneys that require normative-regulatory resolution
21 Russian Corporation . of Nanotechnologies Annual Report 2010
Prepared proposals for changes in legislation to These proposals and recommendations have been Role of the Corporation improve the institution of patent attorneys, in forwarded to federal bodies of executive authority. in Creating particular for introduction of self-regulation by the an Environment A “green corridor” through which high-technology profession for Innovation products could be exported would be a boon to With the goal of improving legislation on innovative innovative activity among Russian businesses and activities, particularly regulation of intellectual property foreign companies from countries bordering the created with the participation of the corporation, Russian Federation. Because the size of the market RUSNANO prepared proposals for the draft federal law for innovative products in the country is still relatively On Support of the Use of Results of Intellectual Work modest, work in international markets will be needed Produced with Budgetary Resources. Its adoption will to recoup investments in innovative projects. overcome significant obstacles to innovative activity: The concept of a “green corridor” presupposes comprehensive refinements to administration of Eliminate risks associated with the use of results of foreign trade activities. intellectual work produced with budgetary resources before part IV of the Civil Code of the Russian In 2010 specialists within the corporation prepared Federation became effective work in several important areas. Clarify rights to intellectual property created with Customs regulations budget financing Proposed changes in the draft law On Customs Resolve problems of ineffective ownership of Regulations of the Russian Federation that were exclusive rights to results of intellectual activity considered by the State Duma in second and created with budgetary resources and simplify third hearings. RUSNANO proposed the following mechanisms for transferring these rights, including provisions: strengthening the rights of individual authors and providing for the transfer of these results from · Simplified and expedited (to four hours with precise the organization to the author in cases where determination of circumstances under which that commercialization does not transpire term may be prolonged) discharge of non-raw material goods for export Introduce additional economic stimuli for authors where rights to results of intellectual activity have · Adoption of customs procedures for the temporary been incorporated into owners’ equity; oblige import and destruction of commercial and scientific the holder of rights to inform authors of income samples and their exemption from customs tariffs from the use of the results of intellectual activity; and taxes determine author’s compensation for their use ·. ..Establishment of customs duties for export of non- Determine the complete list of circumstances under raw material goods at rates that are not dependent which rights to results of intellectual activity may on the cost of the merchandise belong to the government, the manner of securing Analyzed current customs legislation (Customs and the manner of exercising those rights Code of the Customs Union of Russia, Belarus, and Determine the complete list of circumstances under Kazakhstan, draft decisions of the Commission on which the government may exercise rights to non- the Customs Union and other acts of the customs exclusive licenses for the benefit of third parties union) with the goal of creating favorable conditions for international exchange of commercial and Institute a declarative process of registering scientific samples and goods used in laboratory and licensing agreement for rights to use the results of other research conducted by Russian companies intellectual activity Prepared proposals for changes in the laws of the Implement a registry for recordkeeping of Customs Union of Russia, Belarus, and Kazakhstan government rights to results of intellectual activity relating to samples and recommendations on Provide clear regulations on the use of royalty-free the draft decision of the Commission of the licenses for needs of the state Customs Union on the Simplification of Declaration Procedures and Terms for Release of Commercial and Scientific Samples.
22 Russian Corporation . of Nanotechnologies Annual Report 2010
These recommendations, designed to further Migration law Role of the international scientific cooperation, will enable Russian Corporation While Russian migration law could contribute in Creating scientists to take a more active role in international an Environment considerably to developing a domestic innovation research projects. for Innovation economy, today it too is insufficiently evolved. There are several means to attract highly competent Currency control professionals to employment and investment in the Russia’s system of currency control compels Russian Federation: businesses engaged in foreign trade to present and Remove administrative barriers that prevent highly confirm information numerous times to every agent of qualified foreign citizens from entering and working currency control. Reiteration is expensive, and it delays on the territory of the Russian Federation the release of products to the market. Make it easier for Russian businesses to employ Seventy-five percent of currency control violations are foreign specialists in their companies for failure to present properly prepared, timely reports on currency operations and for failure to present timely Reduce the burden on territorial agents of the data required for identifying foreign currency income. Federal Migration Service with simplified procedures Reviews of those violations rob controlling bodies of for granting work permits to highly qualified foreign energy and time. citizens To resolve duplication and inefficiency, RUSNANO Specialists at the corporation worked on improvements submitted proposals for currency control in migration policy during 2010: improvements through changes to draft federal laws Evaluated the criteria and procedures for On the Introduction of Changes to the federal law On categorizing foreign citizens as highly qualified Currency Regulation and Currency Control and On and analyzed Russian and foreign law and global Introducing Changes to Article 15.25 of the Code of practices for employing foreign specialists, the Russian Federation on Administrative Offenses. regulating their work, and enforcing laws in this area Export control Prepared a concept paper for changes to current norms in migration law that would create stimuli During 2010 the corporation prepared proposals for for attracting specialists with high professional changes to the federal law On Export Control to make qualifications to work in the Russian Federation export control procedures less burdensome: Prepared comments and proposals on draft federal Professionalize company programs for export migration laws developed by ministries and agencies control: to bring into their discussion vital concerns for an · Accredit individuals as specialists in export control innovation economy · Accredit businesses and organizations with systems of export control that satisfy established conditions · Extend responsibility for export control to encompass export control specialists as well as managers of the exporting organization Allow multiple use of identifying certificates from expert organizations accredited by the Federal Service for Technology and Export Control of Russia Enact legislation to permit companies involved in foreign trade operations to identify on their own behalf the products they are exporting Present full power to the president of the Russian Federation to determine the countries and the group of goods that may use simplified export control procedures
23 Russian Corporation . of Nanotechnologies Annual Report 2010
Tax law Role of the Corporation RUSNANO’s proposals, prepared during development in Creating an Environment of a larger concept paper on changes to the Tax for Innovation Code of the Russian Federation, would make the tax system a stimulus for innovative activity in demand for high-technology and innovative products, industrial modernization programs, and investment in high-tech technology and production. Many of these proposals were incorporated into the government's Guidelines on Tax Policy for 2011 and the Planning Period of 2012–2013. During 2010, as part of plans to improve tax policies for innovative activities, the corporation proposed changes to the Tax Code of the Russian Federation — . capital gains tax incentives for investors in venture projects, a zero percent tax rate on business and personal income for increases in the value of ownership interests and shares in Russian businesses that are not traded in organized securities markets and shares of Russian businesses that are traded in organized securities markets whose work is in the high technology (innovation) sector of the economy. RUSNANO’s proposals drew considerable interest, and an amendment incorporating them was made to the Tax Code of the Russian Federation. Likewise, proposals from the corporation were incorporated into the draft federal law clarifying tax obligations for research and development. This bill aims to lower risks of tax law enforcement practice being applied to scientific research. It provides, as well, for the introduction of a new instrument — an exemption from income tax obligations for reserves for long-term research and development programs.
24 Russian Corporation . of Nanotechnologies Annual Report 2010 Role of the Corporation in Stimulating Demand
During 2010 the Russian Corporation of Olympic Games — signed an agreement for strategic Nanotechnologies completed elements in a system partnership. The company’s technical board has to stimulate demand for innovation, including made favorable recommendations on using LED nanotechnological innovation and innovative products. lighting systems and solar panels during construction. The work followed a concept paper that RUSNANO’s Decisions had already been made to use LEDs and solar Supervisory Council approved in 2009 outlining what panels at a number of Olympic facilities. The Organizing the corporation could do to stimulate demand for Committee of the XXII Winter Olympic Games and nanoindustry products. Work focused on three areas: Olympstroy are considering environmentally friendly electric transportation. Stimulating demand in priority sectors of the economy In November 2010 RUSNANO and Russian Highways signed an agreement under which the latter Stimulating demands in the regions was to analyze 12 innovative solutions that the Developing and employing new instruments to corporation had proposed for road construction and stimulate demand reconstruction. Eight recommendations have been adopted for pilot introduction in 2011. In priority sectors of the economy, the corporation’s work to stimulate innovation focused on railways In communication and mass media, under agreement (Russian Railways), construction of Olympic objects with the Ministry of Communications and Mass Media (Olympstroy) and roads and highways (Russian of the Russian Federation, work is in process for pilot Highways), and on communications and mass use of RFID technology for mail service. communication (Minsvyaz and Russian Post). Programs to stimulate demand for innovative products, As part of the strategic partnership signed in December including nanotech products, have begun in eight 2009 between RUSNANO and Russian Railways, during regions of the country — Belgorod, Novosibirsk, 2010 the corporation presented the company with Ulyanovsk, and Tver oblasts, the republics of Tatarstan, some twenty proposals for introducing innovative Chuvash, and Sakha (Yakutia), and Perm Krai. The technological solutions. Four have earned preliminary government of each region and RUSNANO have signed approval: LED lighting systems, solar batteries, RFID- agreements to work together on this project. tags, and protective nanocoatings. Targets for sales and consumption by region are In June 2010 RUSNANO and Olympstroy — the latter presented in table 4. Goods are sold as well in other is building Olympic objects in Sochi for the 2014 parts of the country and exported.
Table 4. Sales and consumption objectives for nano-enabled products, eight regions of the Russian Federation
Sales of nano-enabled products Consumption of nano-enabled (millions of rubles) products (millions of rubles)
Gross regional . product, 2008 . Region (millions of rubles) 2013 2015 2013 2015
Republic of Tatarstan 923,206 12,000 18,000 10,000 15,000
Perm Krai 609,230 5,250 9,500 3,500 5,000
Chuvash Republic 157,620 5,000 8,000 4,000 6,000
Tver Oblast 196,952 400 1,300 2,500 3,800
Belgorod Oblast 319,071 2,000 4,000 2,250 3,520
Republic of Sakha (Yakutia) 304,987 12,000 18,000 10,000 15,000
Novosibirsk Oblast 460,087 8,000 11,000 10,000 15,000
Ulyanovsk Oblast 151,134 5,000 8,000 4,000 6,000
Total 3,122,287 49,650 77,800 46,250 69,320
25 Russian Corporation . of Nanotechnologies Annual Report 2010
RUSNANO and the Ministry of Economic Development Present information on nanotech products to Role of the Corporation began working together in March 2010 to create regulators and experts in the innovation market in Stimulating interregional technology platforms that would Demand Provide mid- and long-term planning information to stimulate demand for nano-tech goods. In November participants in the innovation market 2010 they accepted competitive bids for technology platforms in the following areas: Facilitate inclusion of consumer characteristics of goods in product documentation for state, Use of innovative technologies to make automobile municipal, and private company customers and railroad construction more efficient and to improve road content and safety Create a direct communications channel between consumers and sales departments of product Use of radio frequency identification to improve manufacturers security and efficiency in retail trade, logistics, inventory management, protection against counterfeiting of goods, construction, and transportation Russian LED technology (photonics) New polymer composite materials and technologies A list of technology platforms has been sent to the working group established to guide the effort for private-public partnership in innovation. That body will review and approve the list. Providing the IT support to stimulate demand, the corporation prepared a working model of an information and communications portal with potential to link manufacturers of nanotech products, state agencies, project companies supported by the corporation, and consumers of nanotechnology products. Included in the portal are the following: Information about nanotechnology products, manufacturers, and regional and sector programs to stimulate demand A library of technical specifications, procedures, regulations, and legislation Examples of successful introduction of nanotechnology products by sector and region RUSNANO developed and supports a registry of products being manufactured in the nanoindustry. The registry has several purposes: Inform potential purchasers of nanotech goods and services and of the consumer properties these items offer
26 Russian Corporation . of Nanotechnologies Annual Report 2010 Popularization and Public Relations
Popularization of nanotechnology and the nanoindustry teachers and professors watched the second popular is an important area of the corporation’s work. Through science series of The World of Nanotechnology. The public outreach, we explain nanotechnology and the lectures were broadcast via video and read to audiences advantages of its use in various economic sectors, in 14 Russian cities. forming a receptive attitude toward nanotechnology Outreach and popularization drew on the international that will lead to growth in demand for its products. arena when RUSNANO prepared a photo exhibit of A number of projects to inform the public and build winners of the International Science & Engineering interest in nanotechnology and the nanoindustry Visualization Challenge (organized by the National took place during 2010 under a council-adopted Science Foundation (USA) and the journal Science) popularization and public relations program. for the nanotechnology international forum RUSNANO used the Internet extensively to popularize RUSNANOTECH 2010. nanotechnology and to carry forward corporation In the winter of 2010, the exhibition Look, It’s NANO! . projects. Corporate site www.rusnano.com and the site was mounted at the Polytechnic Museum in Moscow. for the annual Nanotechnology International Forum, Nearly a dozen companies exhibited product models — . www.rusnanoforum.com, were important resources art objects created with nanotechnology applications, frequently accessed by professionals and others. the Nanoeducator scanning probe microscope The corporation updated the popular site Nano — It’s from company NT-MDT, and others. Contestants in Simple, http://popular.rusnano.com. It now boasts a new the RUSNANO-organized competition in innovative design, videos of the scientific-popular lecture cycle The design, Nano Visio, presented 250 works in a show that World of Nanotechnology, and lectures taught at the coincided with part of the exhibition of nanotechnology Polytechnic Museum in Moscow. Many analytical articles products. The Nano Visio awards ceremony was also and material for general audiences on nanotechnology held during the exhibition, which drew 2,500 viewers. themes have been added. The press service of the corporation holds regular In addition, RUSNANO began building its presence in briefings and other events for representatives of mass social media in 2010. The corporation’s official pages media and specialized press. The service also presents can now be found in blogs, social networks, forums, projects that have been approved by RUSNANO’s LiveJournal, Twitter, Facebook, Vkontakte, and others. Supervisory Council. Regular readership at various blog-hosting platforms has reached 10,000, and the number of visits to all pages has already passed the 10-million mark. During the reporting period, RUSNANO initiated . several educational projects with leaders in Russia’s electronic mass media. RUSNANO joined television channel Russia 24 to organize the series Russian Nanotechnology, which shows advanced developments in the area and their industrial introduction. Twenty-two programs were broadcast during the year. In December More than 2010 the corporation took part in preparations for the popular science program Galileo, which television channel STS oriented toward school children. And RUSNANO teamed with state news wire service RIA Novosti to release the news feed Innovation and Nanotechnology. We continued compiling the Russian-language dictionary of nanotech terminology at http://thesaurus. rusnano.com/. Initiated in 2009, the dictionary already visited social media pages . contains 671 articles by 60 authors. We published a devoted to the corporation. paper version with 566 terms as well. An average of 14,000 secondary students and students at non-scientific institutions of higher learning and their
27 Russian Corporation . of Nanotechnologies Annual Report 2010
foreign countries were . represented at the . Third Nanotechnology . International Forum.
from Russia took part in the forum . in 2010.
Russian and foreign companies . presented their developments . during the exhibition that . accompanied the forum. 28 Russian Corporation . of Nanotechnologies Annual Report 2010 International Activities and the Nanotechnology International Forum
The international work of the corporation focuses joint projects discussed during the visits had aggregate on two goals: to develop relationships with foreign budgets exceeding $1 billion. commercial and state organizations and to increase Executives from RUSNANO visited 12 countries the share of projects in RUSNANO’s portfolio with during 2010, among them: the United Kingdom on foreign participants. invitation from Prime Minister Gordon Brown for As a result of its efforts, the corporation registered participation in the Global Investment Conference in 108 applications for project financing with foreign London (February), the People’s Republic of China on participation during 2010. The requests came from invitation from Minister of Science and Technology 21 countries, including 37 from the United States. Wan Gang (April), Finland for participation in the 1st To be counted in this category, a request had to have EU–Russia Innovation Forum (May), the United States a foreign applicant, a foreign co-administrator, or a for participation in a session of the U.S.-Russia Business foreign co-investor. During the reporting period, the Council and meetings with executives from America’s Supervisory Council approved 12 projects with foreign innovative businesses and investment companies participation. This is 27 percent of the projects the (October). body approved for co-investment during 2010. In addition to the visits to Russia by the two US venture During the year RUSNANO organized two visits to capital delegations discussed above, seven high-level Russia by executives of the largest US venture capital delegations from five countries paid visits to the funds. A working visit in April 2010 — organized in corporation in 2010. Among the visits were delegations cooperation with the American Business Association from Ireland headed by President Mary McAleese; of Russian-Speaking Professionals — attracted from the United Kingdom headed by Secretary for managers of Accel Partners, Alloy Ventures, Almaz Business, Innovation and Skills Vince Cable; and from Capital Partners, Asset Management Company, Atlas the Republic of Korea headed by Minister of Knowledge Venture, August Capital, Bessemer Venture Partners, Economy Choi Joong-Kyung. Canaan Partners, Domain Associates, Draper Fisher Under a special expatriates project to reach Russian- Jurvetson, EDVenture, Emergence Capital Partners, speaking scientists and businessmen working in Index Ventures, JK&B Capital, Mohr Davidow Ventures, nanotechnologies and nanoindustries abroad, Siguler Guff & Company, Sofinnova Ventures, Trident executives of the corporation met with countrymen in Capital, and Wellington Partners Venture Capital. Switzerland, the United States, and at home in Russia. Collectively, the funds have more than $60 billion under management. As a result of the visit $375 million RUSNANO and German consulting company CSP in investment projects have already gone into expert signed a contract in 2010, and the latter began working assessment. to attract requests for project financing from Germany. Negotiations for similar arrangements with another The second visit, in the fall of 2010, was from top company in Europe and one in the United States managers of Silicon Valley venture capital funds and are complete and contracts are under preparation. innovative companies. RUSNANO, the Skolkovo The corporation has held discussions with suitable Foundation, Global Technology Symposium, Silicon companies in Finland, Sweden, Austria, Canada, Valley Bank, and the Investment and Venture Fund of the Singapore, and the Republic of Korea. Republic of Tatarstan shared responsibility for organizing the visit. California Governor Arnold Schwarzenegger An intergovernmental agreement between Russia headed the delegation of American businesspeople and Israel, initiated by RUSNANO, has brought the and government representatives. Top executives from two countries together to collaborate on industrial venture capital funds with more than $100 billion research and development. The corporation is the cumulatively under management — Asset Management authorized body on behalf of the Russian government. Company, DCM, Draper Fisher Jurvetson, Hummer Based on the agreement, the parties held a tender for Winblad Venture Partners, Insight Venture Partners, New Russian-Israeli projects applying nanotechnology and Enterprise Associates, Trident Capital; businesses — . offering commercialization prospects. Ten projects Google, Microsoft, and Oracle, and representatives of were chosen after evaluating applications. They could government took part in the visit. be recommended for joint financing in the first quarter of 2011. During both visits, RUSNANO executives briefed heads of the venture funds on nanotechnology projects that it was cofinancing and those which it was considering, especially those still seeking a co-investor. Potential
29 Russian Corporation . of Nanotechnologies Annual Report 2010
The Third Nanotechnology International Forum, held Siguler, Guff & Company; Sergei Guriev, rector of the International ACTIVITIES in Moscow in November 2010, was one of the most New Economic School; and Andrei Gudkov, senior vice and the important events for the corporation during the past president of Roswell Park Cancer Institute. Nanotechnology year. More than 8,000 people from Russia and fifty International The now-traditional gala ceremony was held to award Forum other countries took part in the forum. The program laureates of the 2010 international RUSNANOPRIZE — . consisted of a business meeting, professional science this year for work in nanodiagnostics — and winners and technology sessions, poster presentations, reports in the third International Competition of Young by participants in the third International Competition of Researchers Young Researchers, and an exhibition. Sessions of the three-day forum were broadcast via During the business sessions of the forum, attendees the Internet. Viewers from 267 Russian cities and discussed how to develop institutions for an innovation many foreign countries accessed the forum 28,869 economy, prospects for applying nanotechnologies to times. Forum organizers posted the most interesting manufacturing sectors, and international experience proceedings on YouTube. producing and using nanotechnology products. Representatives of legislative and executive bodies of the Russian Federation and heads of regions of the country presented views on regional programs to advance nanotechnologies. There were eight science and technology sessions this year during which leaders in their fields presented 112 reports and displayed 236 poster stands under the section's sponsorship. There were also 337 poster presentations from young nanotechnology scientists who vied for the RUSNANOPRIZE in the third annual International Competition of Young Researchers. The exhibition accompanying the forum offered visitors the opportunity to see and touch a wide variety of model products, in some case real nanotech inventions, and talk with their developers. Three hundred and twenty Russian companies and 46 companies from other countries presented latest advances in nanotechnology and the equipment for the nanoindustry. Approximately 500 students from 20 Russian schools, including contestants in the All- Russian Internet Olympiad in Nanotechnology, took part in excursions to the exhibition. This was the first time special programs had been organized for our young enthusiasts. President of the Russian Federation Dmitry Medvedev, Director of the Kurchatov Institute Mikhail Kovalchuk, and RUSNANO CEO Anatoly Chubias were among distinguished guests speaking during the forum’s plenary session. The topic for this year’s panel discussion was Stimuli and Barriers to Innovation. Diverse views of panel members enlivened the discussion: Rafael Reif, professor Massachusetts Institute of Technology; Victor Vekselberg, Skolkovo coordinator and chairman of the Board of Directors, Renova Group; Alexander Galitsky, managing partner, Almaz Capital Partners; Drew Guff, managing director,
30 Russian Corporation . of Nanotechnologies Annual Report 2010 Management Bodies of the Corporation
Supervisory Council of the Russian Corporation The Committee for Investment Strategy held seven of Nanotechnologies sessions in 2010 during which it reviewed seven investment projects in accordance with its mandate. In accordance with federal law №139-FZ On the The body gave six of these positive conclusions with Russian Corporation of Nanotechnologies dated recommendations to the Supervisory Council that they July 19, 2007, the Supervisory Council is the highest be adopted for co-investment with the corporation’s management body of the corporation. resources. The seventh project was returned for The Supervisory Council held 14 meetings during 2010 additional work. of which three were extramural. The plan for 2010 Members of the Committee for Investment Strategy Supervisory Council meetings had been adopted on and their principal affiliations are listed in appendix A. December 30, 2009, and the meetings were carried out in accordance with that plan. Executive Board of the Russian Corporation During the meetings, the Supervisory Council of Nanotechnologies considered 113 matters within the responsibilities The Executive Board of the corporation held 50 entrusted to it under the federal law the On the Russian meetings during 2010. Its members preliminarily Corporation of Nanotechnologies. Members of the reviewed all material that was brought before the Supervisory Council and their principal affiliations are Supervisory Council. It considered reports from listed in appendix A. managing directors on realization of projects with co-investment from the corporation, reviewed Science and Technology Board of the Russian recommendations to deny cofinancing with the Corporation of Nanotechnologies corporation’s resources, and took up other matters The work of the Science and Technology Board of within its charge under the federal law On the Russian the corporation is regulated by federal law №139-FZ Corporation of Nanotechnologies and Regulations On the Russian Corporation of Nanotechnologies on the Executive Board of the Russian Corporation of dated July 19, 2007, and Regulations of the Science Nanotechnologies dated December 5, 2007. and Technology Board of the Russian Corporation Members of the Executive Board are listed in appendix A. of Nanotechnologies, approved by the Supervisory Council on December 25, 2007. During 2010 the Science and Technology Board held 23 meetings. They studied the scientific and technical descriptions of 127 investment projects, considered their feasibility, and deemed 106 of the projects as corresponding to global levels of science and technology, scientifically substantiated, and technically realizable. The board recommended them to the Executive Board and the Supervisory Council for co-investment with resources of the corporation. Members of the Science and Technology Board and their principal affiliations are listed in appendix A.
Committee for Investment Strategy under the Supervisory Council of the Russian Corporation of Nanotechnologies The work of the Committee for Investment Strategy is guided by Regulations on the Committee for Investment Strategy under the Supervisory Council of the Russian Corporation of Nanotechnologies, approved by the Supervisory Council of the corporation on March 20, 2008.
31 Russian Corporation . of Nanotechnologies Annual Report 2010 Key Performance Indicators
Key indicators have been developed to ascertain how The functional performance indicators are tied to effectively managers and staff of the corporation are the functional responsibilities of the manager of the working and to stimulate employees to achieve goals structural subdivision of the corporation and the fixed in the Business Strategy of the Russian Corporation tasks assigned for the given year. The system of key of Nanotechnologies to 2020. performance indicators in 2010 contained both unique and general functional indicators: The system has three groups of indicators. They are at the corporate level, at the functional level, and at Unique functional indicators — unique to a the personal level. Evaluations in all groups are done subdivision, measure the effectiveness with which . quarterly. The number of indicators in the performance a function is carried out basket of each employee may not exceed six. General functional indicators — encompass all The corporate performance indicator is the same for all or several structural subdivisions, measure the employees. It reflects goals and tasks from the business effectiveness with which their activities are carried out strategy.
Planning, Budgeting, Contracting, and Procurement
Planning and budgeting at RUSNANO guide actions terminating agreements, contracts concluded with legal and document flows in subdivisions of the corporation. entities and individuals, and contract recordkeeping and Planning and budgeting are conducted to meet the storage. corporation’s goals during the planned period, to Business contracting and contracting to accomplish distribute optimally the financial resources that the investment projects (expert assessment, monitoring, corporation has for its work, to establish limits on the evaluations, and other necessities) are carried out expenditure of those resources by area of activity in through procurement procedures in accordance with conformance with its strategy. normative acts of the corporation. On February 1, Planning and budgeting processes culminate in the 2010, the corporation commissioned an electronic adoption of the annual financial plan of income and procurement system, B2B-RUSNANO. It optimizes expenses (budget) of the corporation. The Supervisory spending for purchases and organizes effective control Council of the Russian Corporation of Nanotechnologies over expended resources; its transparency minimizes adopted the budget for 2010 on March 9, 2010, and the risks of errors and deviations. During the 11 months modified it on October 11, 2010. of operation in 2010, the electronic system conducted more than 700 competitively bid purchases with total The corporation’s procurement activities are guided value exceeding 2.2 billion rubles. The number of by the Policy on Organization of Contractual Work. Its competitors increased over the period and the cost provisions are mandatory for all subdivisions of the of goods and services declined. The openness and corporation and cover all contracts concluded with legal transparency of electronic procurement minimizes entities and individuals. The policy governs the manner the risks of errors and deviations, and helps control of preparation, approval, registration, and control over procurement effectively. fulfillment of contracts and documents changing and
32 Russian Corporation . of Nanotechnologies Annual Report 2010 Reorganization of the Russian Corporation of Nanotechnologies
In accordance with instructions from President of the This new organizational-legal form will facilitate greater Russian Federation Dmitry Medvedev and based on transparency in activities of the company and its federal law № 211-FZ On Reorganization of the Russian managing bodies. The form of open joint stock company Corporation of Nanotechnologies dated July 27, 2010, is, as well, more easily understood and more attractive to RUSNANO will be reorganized as an open joint stock Russian and foreign investors. company. One hundred percent of its share will become In compliance with chapter 7 of the federal law the property of the Russian Federation. The order of the On Reorganization of the Russian Corporation of Government of the Russian Federation № 2287-r On Nanotechnologies, the corporation has established Reorganization of State Corporation Russian Corporation the Fund for Infrastructure and Educational Programs. of Nanotechnologies as Open Joint Stock Company The fund will foster development of innovative RUSNANO was signed on December 17, 2010. infrastructure for nanotechnologies and cooperate Work to complete reorganization will be carried in realizing government policies in nanotechnology out in compliance with legislation of the Russian and an economy based on innovation. Organization Federation, including federal law № 208-FZ On Joint- and management of the fund is carried out by the Stock Companies dated December 26, 1995, decree corporation; after the reorganization, that work will pass of the Government of the Russian Federation №738 to RUSNANO3. On Managing Shares of Open Joint-Stock Companies in the Ownership of the Federal Government and the Use of Special Right for the Participation of the Russian Federation in Managing Open (“golden shares”) dated
December 3, 2004, and other normative acts of the 3 The corporation was reorganized as Open Joint Stock Company RUSNANO Russian Federation. on March 11, 2011
The Russian Corporation . of Nanotechnologies . was reorganized on
as
33 Russian Corporation . of Nanotechnologies Annual Report 2010 Appendix A. . Members of Management Bodies of the Corporation as of December 31, 2010
Members of the Supervisory Council of the Russian Corporation Nanotechnologies
Andrey Alexandrovich . Chairman, Supervisory Council, RUSNANO, . Fursenko Minister of Education and Science of the Russian Federation
Husein Dzhabrailovich . Chechenov Chairman, Committee for Education and Science, Council of the Federation
Anatoly Borisovich . Chubais CEO, Russian Corporation of Nanotechnologies
Vladimir Alexandrovich . Chairman, Bank for Development and Foreign Economic Affairs (Vnesheconombank) Dmitriev
Evgeny Alekseevich . Fedorov Chairman, State Duma Committee on Economic Policy and Entrepreneurship
Viktor Borisovich . Khristenko Minister of Industry and Trade of the Russian Federation
Andrey Afanasyevich . Kokoshin First Deputy Chairman, State Duma Committee on Science and Science-Intensive Technologies
Mikhail Valentinovich . Kovalchuk Director, National Research Centre Kurchatov Institute
Leonid Borsovich . Melamed Director General, Holding Company Composite
Elvira Sakhipzadovna . Nabiullina Minister of Economic Development of the Russian Federation
Vladimir Pavlovich . Nazarov Deputy Secretary of the Security Council of the Russian Federation
Mikhail Aslanovich . Pogosyan Director General, Sukhoi Company
Vasily Mikhailovich. Popik Deputy Head, Presidential Experts’ Directorate of the Russian Federation
MIKHAIL DMITRIEVICH PROKHOROV President, ONEXIM Group
Alexander Porfiryevich . Torshin First Deputy Chairman of the Council of Federation of the Russian Federation
34 Russian Corporation . of Nanotechnologies Annual Report 2010
Members of the Science and Technology Board of the Russian Corporation of Nanotechnologies
Mikhail Vladimirovich . Chairman, Science and Technology Board RUSNANO Alfimov Director, Photochemistry Center, Russian Academy of Sciences
Alexander Leonidovich . Aseev Director, Institute of Semiconductor Physics Siberian Branch, Russian Academy of Sciences
Viktor Vasilyevich . Avdeev Director, UNIKHIMTECH
Ivan Ivanovich . Belyaev Adviser, Secretariat of the Security Council of the Russian Federation
Vladimir Borisovich . Betelin Director, Research and Development Institute of Systematic Studies, Russian Academy of Sciences
Vladimir Evgenyevich . Fortov Director, Joint Institute for High Temperatures, Russian Academy of Sciences
Alexander Leonidovich . Gintsburg Director, Institute of Epidemiology and Microbiology, Russian Academy of Medical Sciences
Evgeny Nikolaevich . Kablov General Director, All-Russian Scientific Research Institute for Aviation Materials
Yuri Nikolaevich . Koptev Chairman, Science and Technology Board, Russian Technologies State Corporation
Dmitry Viktorovich . Livanov Rector, Moscow Institute of Steel and Alloys
Moisei Abramovich . Lokshin Deputy Chief Engineer for Science, Sukhoi Design Bureau
Oleg Stepanovich . Naraikin Deputy Director for Scientific Study, National Research Centre Kurchatov Institute
Vladimir Alekseevich . Pivnyuk Member, Science and Technology Board, Russian Corporation of Nanotechnologies
Alexander Valentinovich . Putilov Dean, Department of High Technology Management and Economics, Moscow Engineering Physics Institute
Konstantin Georgiyevich . Scryabin Director, Bioengineering Center, Russian Academy of Sciences
Konstantin Viktorovich . Severinov Group head, Institute of Molecular Genetics, Russian Academy of Sciences
Vladimir Yaroslavovich Shevchenko Director, Institute of Silicate Chemistry, Russian Academy of Sciences
Yury Vladimirovich . Assistant to the President Russian Academy of Medical Sciences Shishkin Department head, Russian Oncological Scientific Center, Russian Academy of Medical Sciences
Mikhail Nikolayevich . Strikhanov Rector, Moscow Engineering Physics Institute
35 Russian Corporation . of Nanotechnologies Annual Report 2010
Appendix A. Members of the Committee for Investment Strategy under the Supervisory Council Members of the Russian Corporation of Nanotechnologies of Management Bodies of the Corporation as of December 31, 2010 Pavel Mikhailovich . Teplukhin Chairman, Committee for Investment Strategy under the Supervisory Council, RUSNANO
Dmitry Igorevich . Averyanov Advisor to the Chairman of the Board of Directors BANK URALSIB
Olga Konstantinovna . Dergunova Member, Management Board, VTB Bank
Sergey Konstantinovich . Dubinin Member, Board of Directors, VTB Capital, VTB Group
MIKHAIL VLADIMIROVICH GAMZIN CEO, Technoprom Innovation Corp.
Aleksey Vladimirovich . Gostomelsky Managing Partner, ValueTech Advisers
Boris Iosifovich . President and Chairman of the Board of Directors, OTKRITIE Financial Corporation . Mints Member, Board of Directors of the Russian Union of Industrialists and Entrepreneurs
Seppo Yukha . Remes General Director, Kiuru
Sergey Viktorovich . Skvortsov Managing Director, Troika Dialog Group
Olga Alexandrovna . Wills Independent Financial Consultant, Corporate Finance and Investment, and Banking Services
Artem Leonidovich . Yukhin Director, Venture Capital Investments, Troika Capital Partner
Members of the Executive Board of the Russian Corporation of Nanotechnologies
Anatoly Borisovich . Chairman of the Executive Board Chubais Chief Executive Officer
Andrey Borisovich . Malyshev Deputy Chief Executive Officer
Yakov Moiseevich . Urinson Deputy Chief Executive Officer
Alexander Prokhorovich . Losyukov Deputy Chief Executive Officer for International Cooperation
Oleg Vladimirovich . Kiselev Deputy Chief Executive Officer
Andrey Vladislavovich . Trapeznikov Corporate Director
Sergey Vladimirovich . Kalyuzhnyi Director, Scientific and Technological Expertise Department
Andrey Gennadievich . Svinarenko Deputy Chief Executive Officer
Yuri Arkadievich . Udaltsov Director for Innovative Development 36 Russian Corporation . of Nanotechnologies Annual Report 2010 Appendix B. Documents Regulating the Activities of the Corporation
Primary documents: Documents adopted by the Supervisory Council of the 1. Federal law № 139-FZ On the Russian Corporation of corporation: Nanotechnologies dated July 19, 2007 (as amended by federal law № 58-FZ dated April 9, 2009) 1. Business Strategy of the Russian Corporation of Nanotechnologies to 2020 (approved by the 2. Federal law № 211-FZ On Reorganization of the Supervisory Council of the Russian Corporation of Russian Corporation of Nanotechnologies dated July Nanotechnologies on May 29, 2008) 27, 2010 2. Regulations for Conducting Expert Evaluations 3. Presidential initiative Strategy for Development of of Projects of the Russian Corporation of a Nanoindustry (instructions of the President of the Nanotechnologies (endorsed by the Supervisory Russian Federation № Pr-688 dated April 24, 2007) Council of the corporation on December 25, 2007) 4. Decree of the Government of the Russian Federation 3. Concept for the Conduct of an Annual № 498 on the federal target program Development Nanotechnology International Forum (endorsed by of Infrastructure for the Nanoindustry in the Russian the Supervisory Council of the Russian Corporation of Federation for 2008–2010 dated August 2, 2007 Nanotechnologies on January 31, 2008) 5. Decree of the Government of the Russian Federation 4. Regulations on the Supervisory Council of the № 127 On the Areas, Form, and Conditions for Russian Corporation of Nanotechnologies (approved Investment with Limitation on the Amount of Invested by the Supervisory Council of the corporation on Temporarily Free Monetary Resources of the Russian December 5, 2007) Corporation of Nanotechnologies dated February 28, 2008 5. Regulations on the Science and Technology Board of the Russian Corporation of Nanotechnologies 6. Order of the Government of the Russian Federation (approved by the Supervisory Council of the Russian № 2287-r On Reorganization of State Corporation Corporation of Nanotechnologies on December 25, Russian Corporation of Nanotechnologies as Open 2007) Joint Stock Company RUSNANO dated December 17, 2010 6. Regulations on the Committee for Investment Strategy under the Supervisory Council of the Russian 7. Order of the Government of the Russian Federation Corporation of Nanotechnologies (approved by the № 2091-r On Extension of Government Guarantee Supervisory Council of the corporation on March 20, of the Russian Federation to Ensure Fulfillment of 2008) Obligations of State Corporation Russian Corporation of Nanotechnologies dated November 27, 2010 7. Regulations on the Executive Board of the Russian Corporation of Nanotechnologies (approved by the 8. Order of the Ministry of Finance of the Russian Supervisory Council of the Russian Corporation of Federation № 33n, dated March 17, 2008, On the Nanotechnologies dated December 5, 2007) Implementation of Decree of the Government of the Russian Federation № 127 On the Areas, Form, 8. Regulations on the Investment Committee and Conditions for Investment with Limitation under the Executive Board of the Russian on the Amount of Invested Temporarily Free Corporation of Nanotechnologies (approved by the Monetary Resources of the Russian Corporation of Supervisory Council of the Russian Corporation of Nanotechnologies dated February 28, 2008 Nanotechnologies on April 24, 2009) 9. Regulations on the Audit Commission of the Russian Corporation of Nanotechnologies (approved by the Supervisory Council of the Russian Corporation of Nanotechnologies on December 5, 2007) 10. Procedures and Conditions for Financing Research and Development Activities in Nanotechnology, Projects in Nanotechnology that Anticipate Introducing Nanotechnologies or Manufacture of Products in the Nanoindustry, and Projects for the Preparation of Nanotechnology Specialists (approved by the Supervisory Council of the Russian Corporation of Nanotechnologies on February 28, 2008)
37 Russian Corporation . of Nanotechnologies Annual Report 2010
11. Conditions and Form of Participation by the Russian 8. Conceptual Framework for Management and Appendix B. Primary Documents Corporation of Nanotechnologies in Venture Capital Protection of Intellectual Property of the Russian Regulating and Seed Funds in Nanotechnology (endorsed by the Corporation of Nanotechnologies (approved by the the Activities of the Russian Supervisory Council of the Russian Corporation of Executive Board of the corporation on December 28, Corporation Nanotechnologies on June 2, 2009) 2009) of Nanotechnologies 12. Conceptual Framework for RUSNANO 9. Conceptual Framework for Statistical Monitoring of Nanotechnology Centers (endorsed by the Nanotechnology (approved by the Executive Board of Supervisory Council of the Russian Corporation of the corporation on September 28, 2010) Nanotechnologies on October 13, 2009) 13. Conceptual Framework for Educational Activities of RUSNANO (endorsed by the Supervisory Council of the Russian Corporation of Nanotechnologies on August 4, 2009)
INTERNAL DOCUMENTS 1. Order of the Russian Corporation of Nanotechnologies № 170 On Functions of Subdivisions and Allocation of Authority within the Russian Corporation of Nanotechnologies dated May 12, 2009 2. Order of the Russian Corporation of Nanotechnologies № 600 On Approval of Regulations for Implementation and Monitoring of Pre-investment Stage of Project Activity dated July 9, 2010 3. Order of the Russian Corporation of Nanotechnologies № 700 On Approval of Regulations for Implementation and Monitoring of Investment and Operating Stages of Project Activity dated August 6, 2010 4. Order of the Russian Corporation of Nanotechnologies № 1000 On Preparations for Reorganization of the Russian Corporation Of Nanotechnologies as a Open Joint Stock Company dated October 26, 2010 5. Conceptual Framework for Work of the Russian Corporation of Nanotechnologies to Support Export of Innovation, Including Nano-enabled Products (approved by the Executive Board of the corporation on April 27, 2010) 6. Conceptual Framework for a System of Metrological Support from the Russian Corporation of Nanotechnologies (approved by the Executive Board of the corporation on March 9, 2010) 7. Conceptual Framework for Monitoring Investment Projects of the Russian Corporation of Nanotechnologies (approved by the Executive Board of the corporation on January 26, 2010)
38 Russian Corporation . of Nanotechnologies Annual Report 2010 Appendix C. Brief Descriptions of Projects Approved by the Russian Corporation of Nanotechnologies in 2010 research organizations with instruments for materials Multimedia multiprocessors on a chip science, biology, and medicine, thus expanding the Project goal: production of multimedia systems-on-a-chip presence of Russian high-tech goods in foreign markets, with 90 nanometer to 65 nanometer process technology particularly in growing Asian markets. The scientific using a fabless-foundry model and related consumer research center that is part of the project will work on products (equipment for digital television: tv set-top technological advances and prototype design and testing. boxes, digital broadcasting studios). The project’s multi- Location core processors require little energy, cost little to produce, Moscow and are adaptable for many uses. The new computing cores use an original design developed in Russia. Budget 387 million rubles Location: Tomsk RUSNANO’s investment 140 million rubles Budget 600.8 million rubles RUSNANO’s investment Ultra high-frequency RFID chips 150.8 million rubles Project goal: development of Russian UHF RFID chips complying with ISO 18000-6C standards and production of related RFID tags and RFID inlays. The project will Pharmaceutical applications use a nanosized element base (90-nanometer process of Skulachev ions technology) with improved sensitivity and reading Project goal: production of the base substance for reliability for production of packaged RFID tags and RFID SkQ antioxidants (Skulachev ions) and related medical adhesive labels. The tags and labels will be suitable for preparations to combat age-related illnesses. The passive radio frequency identification systems. RFID tags antioxidants neutralize active forms of oxygen in the have many applications, including warehousing systems, mitochondria, the energy centers of the cell. Drugs stores, libraries, vehicular security, and the construction slated for production include drops for treating eye industry. diseases and capsules for treating cardiovascular and These tags have numerous advantages over barcodes: autoimmune system diseases. Products will enter the they can be rewritten; their reading radius is tens of world market through licensing of the technology to large meters; they are resistant to environmental changes pharmaceutical companies. and their protection against counterfeiting is very high. Location Transition to 90-nanometer process technology will bring Protvino, Moscow Oblast about product improvements.
Budget Location 2.14 billion rubles St Petersburg
RUSNANO’s investment Budget 692 million rubles 630.01 million rubles
RUSNANO’s investment 190.01 million rubles Metrological and analytical equipment for materials science, biology, and medicine Project goal: production of multipurpose scanning probe Film with diffracting optical elements and microscopes and FemtoScan Online processing software. related end products The instruments, which study the surface of an object Project goal: manufacturing of lightguide films and with the precision of one nanometer and an atomic collimating lenses for LED illumination of displays and weight, are capable of identifying the presence of particles of various substances at the single-atom level. The project will serve manufactures of high-technology goods and
39 Russian Corporation . of Nanotechnologies Annual Report 2010
other lighting goods. A research and development center Appendix C. Brief Descriptions will be organized as well. Nanofiber waveguide optical sensors of Projects Approved Project goal: production of unique metering transformers by the Russian Location for high-power networks. These systems use fiber optical Corporation St. Petersburg of Nanotechnologies current and voltage sensors with nanofiber as their base. in 2010 Budget While acquisition cost for the new sensors is comparable 1.33 billion rubles to traditional oil or electro-gas metering transformers, because the new sensors require virtually no servicing, RUSNANO’s investment their total cost of ownership does not exceed 50 229.42 million rubles percent of operating costs for traditional units. The new transformers will provide innovative solutions to the electric, transportation, metallurgy, and mineral extraction Detectors based on tagged neutrons industries and other industrial sectors of the economy. for identifying explosives and narcotics Location Project goal: production of tagged neutron detectors for Moscow security systems. The equipment is capable of identifying more than 30 types of explosive and narcotic substances Budget with up to 98 percent probability of detection. Detectors 1.33 billion rubles can be used for inspection of luggage, vehicles, and cargo RUSNANO’s investment containers, and as portable equipment. These detectors 604 million rubles are distinguished from standard X-ray units by their ability to identify the type of substance found, its volume, and location without opening the object being examined. The tagged neutrons recognize substance composition, not Embedded computer-on-modules density. from Kontron Russia Project goal: development and commercial production Location of custom boards for all Kontron computer-on- Dubna, Moscow Oblast modules for Russian and Eastern European market and Budget commercialization of Kontron nanoETXexpress computer- 312.1 million rubles on-module for the world market.
RUSNANO’s investment Location 155 million rubles St. Petersburg
Budget 883.88 million rubles Nanomodified PET fiber RUSNANO’s investment Project goal: manufacturing of nonwoven material 433.05 million rubles of noncombustible modified PET (polyester) fibers. The material will be used to insulate buildings under construction and to remodel existing structures. The project will develop a crazing technology to improve the Microsystem equipment using acoustic noncombustible modified PET fibers for production of and chemisorbing nanoelectronics goods with new consumer characteristics. Project goal: production of microsystem equipment based on surface and volume acoustic and chemisorbing Location nanoelectronics: detectors of physical quantities Sudogda, Vladimir Oblast (pressure, deformation, and other) and systems that Budget use these detectors, which include radio frequency 899.13 million rubles identification devices, components for microelectronics, and gas sensors with advanced pickup. RUSNANO’s investment 102 million rubles Location St. Petersburg
Budget 1.24 billion rubles
RUSNANO’s investment 550 million rubles 40 Russian Corporation . of Nanotechnologies Annual Report 2010
Its creation is an important step in establishing a safe Appendix C. Brief Descriptions Infrared linear and matrix array nanopharmacological market in the Russian Federation. of Projects Approved photoreceivers by the Russian Location Project goal: production of cooling infrared linear and Corporation Moscow; Dubna and Chernogolovka, . of Nanotechnologies matrix array photo-receiving devices manufactured in 2010 Moscow Oblast with nanostructured narrow-bandgap semiconducting material that are capable of competing in global Budget markets. The devices will be used in advanced optical- 1.62 billion rubles electronic apparatuses: security and control systems for RUSNANO’s investment construction, industry, and transportation and for medical 806.7 million rubles diagnostic equipment.
Location Moscow Creation of fiber laser industry in Russia Budget Project goal: development of Russian company IRE- 1.01 billion rubles Polus as producer of laser units and modern high-tech equipment based on advanced fiber lasers. The lasers, RUSNANO’s investment which are gradually replacing inferior gas lasers, offer 400 million rubles a wide power range, from less than one watt to more than 50 kilowatts. They are built with a diode pump and nanostructured fiber, making commercial production Kama Fund First of high power lasers possible for the first time. The fiber Project goal: investment in small-budget business lasers have 30 percent output-input efficiency and cost of projects with nanotech applications through a venture ownership of only half that of gas and solid-state lasers. capital investment fund. Priority will go to venture projects Location of all stages that are registered or located in Perm Krai. Fryazino, Moscow Oblast The fund will provide financing, previously unavailable, for innovative projects with scientific, technological, and Budget production feasibility and market demand levels justifying 5.51 billion rubles commercial production. RUSNANO’s investment Location 1.55 billion rubles Perm
Budget 2.0 billion rubles GLONASS/GPS satellite navigation receivers and terminals based on 90-nanometer VLSI RUSNANO’s investment Project goal: production of a family of GLONASS/GPS 750 million rubles navigation receivers and mobile terminals — small, low cost, and low energy consumers — for monitoring systems, logistics, and security. Proprietary 90-nanometer Center for Nanotechnology Certification VLSI technology will make end products worthy Project goal: an independent center for preclinical competitors to NAVSTAR GPS. The proprietary technology trials of pharmacological substances and vaccines positions the receivers to become the leader in the produced with nanotechnology. The center, which Russian consumer market. will be located at the Biomedical Scientific Research Location Center for the Organization and Conduct of Preclinical Moscow Studies in Dubna, has been designed to comply with domestic regulations and meet international standards. Budget 400 million rubles
RUSNANO’s investment 160 million rubles
41 Russian Corporation . of Nanotechnologies Annual Report 2010
essential information. The analytical mechanism that Appendix C. Brief Descriptions Plastic electronics: displays processes the video stream is located in the camera’s of Projects Approved and other devices chip; through analytic algorithms, it identifies such things by the Russian Corporation Project goal: production of microelectronic devices that as a fire, violation of traffic regulations, unattended items. of Nanotechnologies use organic semiconductors instead of silicon. The new Only information on anomalies, after processing, is sent in 2010 materials give products such qualities as lightness and to the network, reducing staffing needs and servicing flexibility. The project will be implemented with US-based requirements. company Plastic Logic, the world’s leader in the plastic Location electronics market. Zelenograd, administrative subdivision . Location of Moscow Zelenograd, administrative subdivision . of Moscow Budget 2.81 billion rubles Budget 35.34 billion rubles RUSNANO’s investment 1.06 billion rubles RUSNANO’s investment 7.13 billion rubles Monochloroacetic acid using nanostructured catalyst Novomet: nano-enabled submersible oil Project goal: development of a commercial production equipment nanostructured palladium on carbon catalyst and its use Project goal: manufacture of highly reliable submersible for production of monochloracetic acid with waste-free, electric centrifugal pumps for oil production and a environmentally clean technology. servicing network for the pumps. The new pumps are Location produced using parts with nanostructured protective Dzerzhinsk, Nizhegorod Oblast coatings. The nanostructured coatings — proprietary developments of applicant Novomet and its partners — Budget are based on tungsten carbine with titanium oxide, 613.1 million rubles aluminum oxide, chromium, and molybdenum. RUSNANO’s investment These coatings reduce friction, increase wear durability 200.1 million rubles of the alignment bearings, raise resistance of parts in the pump unit to corrosion and hydroabrasion, lower power consumption, and make it possible to produce a pump unit of smaller size. Functional animal proteins and nutritious special-purpose food products Location Project goal: development of production technology for Perm functional meat protein of raw animal origins; adaption of Budget nanofiltration processing to the functional meat protein 18.5 billion rubles to obtain target bioactive nanocompounds (peptides, free amino acids); production and sale of these consumer RUSNANO’s investment products with improved biological properties. 4.0 billion rubles Functional nanocompositions based on this meat protein possess fewer allergens and have immunomodulating and antioxidating qualities, making the proteins well- VLSI design center using nanometric process suited to those who require special diets, including enteral technology; related nano-enabled products feeding. Project goal: establishment of a VLSI design center Location using process technology of 90-nanometer or less and Valuiki, Belgorod Oblast production of video camera surveillance networks, web cameras, and mobile terminals. By combining computer Budget intellect and computer vision in video surveillance 4.63 billion rubles equipment, the operator’s attention is drawn only to RUSNANO’s investment 2.27 billion rubles
42 Russian Corporation . of Nanotechnologies Annual Report 2010
The project will lead to commercialization of results of Appendix C. Brief Descriptions Innovative pharmaceuticals from ChemRar scientific investigation by leading research institutes in of Projects Approved Project goal: development and production of Novosibirsk and universities and institutes in Tomsk. by the Russian Corporation pharmaceuticals from preclinical studies to market Location of Nanotechnologies release. ChemRar, a private R&D company and business in 2010 Novosibirsk and Tomsk, Siberian Federal Okrug incubator, will transfer to the project company five innovative pharmaceuticals — for treatment of AIDS, Budget hepatitis C, central nervous system diseases, and 5.17 billion rubles pancreatic cancer — at preclinical and clinical trial stages. RUSNANO’s investment Ten domestic and foreign pharmaceuticals will be added 1.78 billion rubles to the portfolio.
Location Khimki, Moscow Oblast Infrastructure project: multifunctional Budget nanotechnology center Dubna 5.13 billion rubles The center will focus on radiation-ion technologies, electronic components and functional nanocomposites, RUSNANO’s investment nanobiotechnologies, nanocharacterization for advanced 1.2 billion rubles materials, construction composite materials, and certification standards.
Infrastructure project: nano- Location Dubna, Moscow Oblast and microsystem nanotechnology center The nanotechnology center in Zelenograd will Budget focus on design of electronic products: physical, 2.02 billion rubles biological, and chemical sensors using nano- and RUSNANO’s investment microelectromechanical systems; intelligent systems 1.17 billion rubles for navigation and management of special-use transportation, aviation, and rocket and space equipment created with nano- and microsystem parameters; intelligent electronic energy conservation systems; and Infrastructure project: instruments and equipment manufactured with nano- nanotechnology center Idea and microsystem equipment. The center will focus on R&D in smart materials, composite materials, biotechnology, and pharmacology. Location Zelenograd, administrative subdivision . Location of Moscow Kazan, Republic of Tatarstan
Budget Budget 2.0 billion rubles 3.65 billion rubles
RUSNANO’s investment RUSNANO’s investment 1.12 billion rubles 1.75 billion rubles
Infrastructure project: multidisciplinary Powerful semiconducting lighting nanotechnology center SYGMA Project goal: production of white LEDs using technological This nanotechnology center will focus on R&D in three advances from Svetlana-Optoelectronics for LED lighting technology clusters in two stages. In the first stage, those equipment producers. The construction of these white clusters are instrument manufacturing (prototypes), LEDs accommodates high operating voltage, considerably nanomodified materials, and nanoelectronics. Three reducing their cost per lumen. St. Petersburg-based more clusters will be added in the second stage — Svetlana-Optoelectronics handles the entire production nanobiotechnology, nanopharmachology, and industrial chemistry.
43 Russian Corporation . of Nanotechnologies Annual Report 2010
cycle, from growing nanohereostructures to assembling Appendix C. Brief Descriptions lighting equipment. Transdermal therapeutic systems of Projects Approved and implants for supportive by the Russian Locations: and restorative medical care Corporation Saransk, Republic of Mordovia . of Nanotechnologies Project goal: production of plasters for transdermal in 2010 and St. Petersburg delivery of medication — insulin, propranolol, Budget acetylsalicylic acid, chlorpropamide, lidocaine, caffeine, 800 million rubles testosterone, and atsizol — and biocompatible implants with biostimulating (regenerative) capabilities. The project RUSNANO’s investment will be the first to introduce biocompatible-regenerative 150 million rubles implants for use in surgery, traumatology, and cosmetology. Painless transdermal drugs administration technologies are expected to compete well against Oncology drugs based on nanoformulated needle injections, particularly for chronic illnesses molecular modulators of cellular stress requiring lifelong treatment. Today many drugs treating Project goal: development and production of four chronic diseases are available only as injections. innovative oncology agents, all using pioneering methods Location for cancer treatment. The project company will contract Krasnoznamensk, Moscow Oblast with Russian research organizations and pharmaceutical companies to complete preclinical and clinical trials. Budget Following drug registration in Russia, the medications 488.24 million rubles will go through clinical trials in the United States on an RUSNANO’s investment accelerated schedule. 225 million rubles Budget 2.89 billion rubles
RUSNANO’s investment Nanostructured superconducting tapes 780 million rubles and related products Project goal: production of high-temperature, superconducting second generation tapes and articles manufactured from them. The new goods will replace Vacuum units for ion-plasma deposition copper conductors in smart grids for electric power, and etching of micro- and nanostructures in compact tomography equipment for diagnostics, Project goal: production of automated vacuum units for in engines, and in other areas. The material is energy high-precision spraying and plasma-chemical etching efficient and smaller and more reliable (particularly, its and establishment of a center to service the vacuum resistance to fire) than the copper items it replaces. The units. The equipment is used to prepare microelectronic, project is based on Russian technology developed by micromechanical, and avionics components and when SuperOx. creating modifying surface coatings. The equipment will meet market demand for automation, customization of Location technological processes, highly productive equipment Dubna, Moscow Oblast that retains quality, and lower cost of production. Budget Location 1.2 billion rubles Zelenograd, administrative subdivision . of Moscow RUSNANO’s investment 300 million rubles Budget 1.0 billion rubles
RUSNANO’s investment Model store with nano-enabled retail 198.5 million rubles RFID solutions Project goal: creation of a company-integrator that will introduce RFID technology to domestic retail trade for savings in distribution costs of 20 percent. Later the
44 Russian Corporation . of Nanotechnologies Annual Report 2010
technology could be extended to controlling sales of Appendix C. Brief Descriptions alcohol, drugs, and tobacco and to eliminating falsified of Projects Approved and pirated goods. AIRLIFE: air cleaning by the Russian Corporation and purification systems Location of Nanotechnologies Project goal: production of advanced air cleaning in 2010 Moscow and purifications systems using nanocrystallized Budget photocatalysts. Thanks to the high surface-to-volume 350 million rubles ratio of titanium dioxide nanoparticles in photocatalysts, the systems remove not only dust and pathogenic micro- RUSNANO’s investment organisms but also harmful organic substances, which 116.65 million rubles they reduce at the molecular level to carbon dioxide and acidulous water. The systems are appropriate for household, industrial, and professional use. Wound coverings with nanosized particles Project goal: production of gelatinous polyurethane foam Location medical coverings (wet bandages) from LOKUS to treat Chernogolovka, Moscow Oblast wounds, burns, and decubital ulcers. The nanocrystal- Budget bemit augmented foam has higher antibacterial and 580 million rubles ad- and absorption properties. Their use reduces average treatment from 28 days with standard bandaging to RUSNANO’s investment 16 days, a 43 percent reduction in treatment time. The 261 million rubles wound coverings were developed at the Military-Medical Institute of the Federal Security Service of the Russian Federation. Nanostructured electric cables Project goal: production of nanostructured electric Location cables with very high tensile strength and electric current Sarov, Nizhegorod Oblast conductivity. The product’s tensile strength comes from Budget the presence of niobium nanowires of 10-nanometer 144 million rubles thickness in their structure. The conductivity of these copper-niobium conductors is nearly as great as those RUSNANO’s investment of pure copper. The nano-enabled cables will be used 50 million rubles in powerful impulse magnets and magnet-impulse inductors, contact cables for high-speed rail transport, aviation and space equipment, shipbuilding, and ABS plastics with nanoparticles electronics. Project goals: manufacturing of advanced ABS Location (acrylonitrile, butadiene, styrene) plastics applying Moscow nanotechnology to achieve greater strength, better heat resistance, and higher compatibility with reprocessing. Budget This modern construction material is suitable to use 1.02 billion rubles in a variety of sectors: manufacturing of automobiles; RUSNANO’s investment production of household and office equipment, 450 million rubles instruments, electronics, bathroom fixtures, and packaging; and in medicine, and construction.
Location Precision pipes of stainless steel and alloys Uzlovaya, Tula Oblast Project goal: production of nanostructured precision Budget pipes of stainless steel and alloys with improved 4.98 billion rubles characteristics — durability, plasticity, and corrosion and heat resistance — for power generation, nuclear RUSNANO’s investment industry, machine building, and aviation and space. Cost 1.24 billion rubles of manufacturing the precision pipes, notwithstanding,
45 Russian Corporation . of Nanotechnologies Annual Report 2010
the improved characteristics of the goods, is lower than portable electric power tools, in sources of uninterruptible Appendix C. Brief Descriptions competing products. power supply, and in telecommunications. Olivine in of Projects Approved the cathode makes it possible to charge these batteries by the Russian Location quickly and safely; the olivine prevents the overheating Corporation Kamensk-Uralsky, Sverdlovsk Oblast of Nanotechnologies that plagues batteries with cathodes of other metal in 2010 Budget oxides. Permittivity of the new batteries is comparable to 3.75 billion rubles the world’s best and degradation is insignificant as the number of charge-discharge cycles increases. RUSNANO’s investment 1.30 billion rubles Location: Podolsk, Moscow Oblast, and Saratov
Budget Epitaxially polished substrates for LEDs 2.77 billion rubles and microwave nanoheterostructures RUSNANO’s investment Project goal: full-cycle production of epitaxially polished 1.30 billion rubles sapphire, silicon carbide, and gallium nitride substrates for LEDs and microwave nanoheterostructures and nodes. The products will be used in energy efficient high-brightness LED chips and mobile communications. Polytetrafluoroethylene-based antifriction The base technology for growing sapphire monocrystals and sealing materials was developed at the North Caucasus State Technical Project goal: production of sealing and antifriction materi- University. als of nanomodified high-molecular polytetrafluorethyl- ene whose improved characteristics suit them for use in Location challenging environments, under high temperatures, and Stavropol with heavy loads. The materials will be used in aviation, Budget space, and nuclear energy sectors. These goods have the 2.58 billion rubles advantages of a low friction coefficient, greater durability, low strain relaxation, biological stability, and resistance to RUSNANO’s investment chemicals, heat, and radiation. The Karpov Physico-Chem- 1.29 billion rubles ical Institute, one of Russia’s oldest chemical research centers, was applicant for the project, which will use technology that Russian scientists have developed. Catalytic blocks and exhaust gas neutralizers Project goal: development and production of catalytic Location blocks and exhaust gas neutralizers using nanoparticles of Obninsk, Kaluga Oblast aluminum oxide and cerium compounds plus particles of Budget precious metals (platinum, palladium, and rhodium). The 1.3 billion rubles blocks and neutralizers are to be used in production of cars and trucks with gas- and diesel-powered engines to RUSNANO’s investment meet Euro 4, Euro 5, and Euro 6 standards. 520 million rubles
Location Novouralsk, Sverdlovsk Oblast Cathode material for li-ion batteries Budget Project goal: production of nanosized compositional 1.8 billion rubles cathode material of lithium ferro-phosphate for li-ion batteries. A nanosized carbon coating and a mechanical RUSNANO’s investment activating method increase the electron and ionic 666 million rubles conduction of the cathode material.
Location Novosibirsk, Novosibirsk Oblast Lithium-ion batteries with nanocomposite cathode material Budget Project goal: production of improved nanocomposite 1.58 billion rubles material (LiFePO *C and olivine) and li-ion storage cells 4 RUSNANO’s investment using the cathode material; establishment of a research 785 million rubles and development center. The batteries will be used in
46 Russian Corporation . of Nanotechnologies Annual Report 2010
Appendix C. Diagnositic instruments: label-free Brief Descriptions EuroTech Transfer venture capital fund of Projects Approved biodetectors and bionanoslides Project goal: attraction of innovative technologies by the Russian Corporation Project goal: manufacture of instruments for molecular from Western Europe through a fund that will finance of Nanotechnologies diagnostics — biodetectors and disposable bionanoslides. technology development centers and draw specialists in in 2010 The technology was developed by the project applicant, science and technology to staff them. The fund will invest US-based company BiOptix. In cooperation with 2005 in companies that have advanced to pre-mass production Nobel Prize winner in physics John Hall, BiOptix developed, or companies that wish to broaden their business or patented, and planned production for the biodetectors market shares by establishing production on the territory for pharmacology, diagnostics, agricultural, and research of the Russian Federation. RUSNANO’s partner in the and design markets. This technology for determining project, UniCredit Group, will provide consulting support in molecular interaction has several advantages over other seeking leading technology companies in Western Europe instruments in this rapidly developing market: sensitivity, and evaluating their investment potential. London- matrix analysis, rapid display of results, simplicity of use, and Moscow-based Fleming Family & Partners is the small size, and comparatively low cost. management company for the new fund.
Location Budget Dolgoprudny, Moscow Oblast 15.0 billion rubles
Budget RUSNANO’s investment: 583.3 million rubles 7.50 billion rubles
RUSNANO’s investment 135.15 million rubles
SYNBIO: biobetters from biodegradable nanocomposite materials Project goal: production of nine nanopharmaceutical therapies at facilities certified for biomedical research and development working with cell technology. Three of the drugs are first-in-their-class albumin-histones for treating acute leukemia and vascular diseases. Another is an innovative drug using stem cells for treating cirrhosis. Five are drugs in the biobetter class for treating anemia, diabetes, liver diseases, immunological pathologies, and growth hormone deficits. Compared with competing drugs, these medications work longer and have lower toxicity and more pronounced therapeutic effect. The project, with company SYNBIO, plans to commercialize the pharmaceuticals it develops in markets of G7 countries through licensing of medical compositions.
Location Kapitolovo, Moscow Oblast
Budget 3.08 billion rubles
RUSNANO’s investment 1.30 billion rubles
47 Russian Corporation . of Nanotechnologies Annual Report 2010 Appendix D. Annual Financial (Accounting) Report of the Russian Corporation of Nanotechnologies for 2010 Financial results of the activities of the Russian Corporation of Nanotechnologies in 2010 were reported in accordance with Russian accounting standards. The corporation’s auditor, PricewaterhouseCoopers Audit has confirmed the accuracy of those reports. The auditor’s opinion appears below.
Table 5. Property, capital, and obligations of the corporation in 2010 (millions of rubles)
At the beginning of 2010 At the end of 2010 Change
ASSETS
Non-current assets, total: 27,326.0 58,334.9 31,008.9
including:
Long-term financial investments 26,416.7 52,891.4 26,474.7
Current assets, total: 49,450.2 60,662.4 11,212.2
including:
Short-term financial deposits 41,161.1 13,796.8 (27,364.3)
Monetary assets 1,000.1 29,777.6 28,777.5
Total 76,776.2 118,997.3 42,221.1
LIABILITIES
Capital and reserves 76,637.7 75,763.2 (874.5)
Long-term liabilities — 43,000.0 43,000.0
Short-term liabilities 138.5 234.1 95.6
Total 76,776.2 118,997.3 42,221.1
Changes in Assets and Liabilities Sources of Financing for Activities of the Corporation of the Corporation Long-term liabilities of the corporation at the end of On January 1, 2010, the corporation had monetary 2010 were 43 billion rubles. (At the beginning of the resources of 42.2 billion rubles. year, the corporation had no long-term liabilities.) These liabilities consisted of 33 billion rubles in The source of financing activities of the corporation obligations of the corporation and bank credits totaling in 2010 was an asset contribution from the Russian 10 billion rubles, both obtained under guarantees of Federation. the state. Short-term liabilities of the corporation at the With decree № 1454-r of the Government of the beginning of 2010 were 138.5 million rubles and at the Russian Federation On the Asset Contribution and the end of the year — 234.1 million rubles. Extension of State Guarantees to State Corporation During 2010 the corporation made no transactions Russian Corporation of Nanotechnologies dated entrusting monetary resources to others for October 5, 2009, and federal law № 308-FZ On the management. Federal Budget for the Year 2010 and the Planning Period 2011 and 2012 dated December 2, 2009, provisions were made for the allocation of one billion rubles to the corporation in 2010 as an asset
48 Russian Corporation . of Nanotechnologies Annual Report 2010
contribution and the extension of guarantees of 53 Management of Temporarily billion rubles to the corporation by the government of Free Monetary Resources the Russian Federation in 2010. of the Corporation Order № 709 of the Government of the Russian Regulations on Investment of Temporarily Free Federation On Extending Guarantees of the Resources of the Corporation were approved by Government of the Russian Federation for Credit the Supervisory Council (protocol № 17 dated May or Bonded Loans to State Corporation Russian 12, 2009). The regulations established the goal of Corporation of Nanotechnologies dated September investing temporarily free monetary resources of the 10, 2010, confirmed Policies on Extending Guarantees corporation — growth in assets of the corporation from the Government of the Russian Federation for attainment of the purposes set forth in federal law for Credit or Loan Obligations to State Corporation of the Russian Federation № 139-FZ On the Russian Russian Corporation of Nanotechnologies. The Corporation of Nanotechnologies dated July 19, 2007. Government of the Russian Federation chose the The strategy for safeguarding and increasing the assets Bank for Development and Foreign Economic Affairs of the corporation is fundamental to RUSNANO’s (Vneshencombank) as agent in these transactions. policies for investing temporarily free resources: The Supervisory Council of the Russian Corporation while expecting stable earnings with minimal risk, of Nanotechnologies approved the structure of loan preservation of capital and security of investments — . financing of the corporation in 2010 with protocol not income — is paramount. № 31 dated July 27, 2010. The structure is presented Earnings from placement of temporarily free resources below in table 6. on deposit with credit organizations during 2010 were 1.998,4 billion rubles and 92,700 euros. The average annual interest rate on deposits from January 1, 2010, Table 6. Structure of loan financing of the Russian Corporation of Nanotechnologies, 2010 through December 31, 2010, was 7.19 percent. All commercial banks in which the corporation placed its monetary resources met criteria stipulated by the Ministry of Finance of the Russian Federation. Form of financing Sum Term Long-term bank credits 20 billion rubles 5 years to 7 years Execution of Annual Plan
Corporate bonds 33 billion rubles 7 years for Income and Expenses (Budget) of the Corporation The Supervisory Council of the Russian Corporation of On December 29, 2010, the corporation placed 33 Nanotechnologies adopted the 2010 budget on March million inconvertible interest-bearing documentary 9, 2010 (protocol № 70) and made changes to the bonds payable to bearer with mandatory central budget on October 11, 2010 (protocol № 33). deposit in the amount of 33 billion rubles and a term of Receipts during 2010 were 46.4 billion rubles: . seven years. Monies from the corporate debt issuance An asset contribution from the Russian Federation of were deposited to the account of the corporation on one billion rubles December 29, 2010. In December a portion of the resources from the debt issuance, 9.9 billion rubles, Loans obtained under guarantee from the Russian was directed toward financing the basic operations of Federation of 43.0 billion rubles the corporation. The balance of resources from the Interest income from investment of temporarily free debt borrowing as of December 31, 2010, was 23.1 monetary resources of 2.2 billion rubles billion rubles. The report on how resources from the debt borrowing were expended was sent to the Ministry Other receipts 0.2 billion rubles of Finance of the Russian Federation on January 20, 2011, as required under the terms of the agreement for extension of the guarantee of the government of the Russian Federation. At the end of 2010 the corporation had net monetary resources of 43.4 billion rubles in its accounts.
49 Russian Corporation . of Nanotechnologies Annual Report 2010
In 2010 the Russian Corporation of Nanotechnologies Appendix D. Annual Financial incurred expenses of 45.2 billion rubles, including: (Accounting) Report of the Russian Development and realization of manufacturing Corporation of Nanotechnologies projects and venture capital funds, realization of for 2010 infrastructure projects and educational programs, 33.0 billion rubles Project development with subsequent state financing (European X-ray free-electron laser), 2.2 billion rubles Analytical studies, prognoses, road maps, and foresights, development of monitoring tailored to nanotechnology, project searches, and market studies, 110.6 million rubles International cooperation, creation of a global platform, and conduct of the Nanotechnology International Forum, 254.5 million rubles. Development of a normative base to ensure the safe use and application of nanotechnologies, work on standardizations and metrological measurements, 164 million rubles Corporate taxes of 1.145,9 billion rubles Operations and resolution of related tasks, 7.2 billion rubles, including 4.3 billion rubles for office space Attraction and servicing of credit and borrowings, 247 million rubles Net income of the corporation in 2010, 3.632 billion rubles, was derived largely from interest earnings on temporarily free monetary resources deposited in accounts at commercial banks.
Reserves and Funds of the Corporation During 2010 the corporation made expenditures from dedicated funds formed with earnings on temporarily free monetary resources. The total amount expended was 296.3 million rubles: Fund for Investment and Development, 13.9 million rubles Fund for Sponsorship and Philanthropy, 95.7 million rubles Fund for Material Incentives and Social Support, 186.7 million rubles
50 Russian Corporation . of Nanotechnologies Annual Report 2010 Appendix E. Results of Monitoring the Implementation of Projects Financed with Resources of the Corporation
During 2010 the corporation adopted two normatve At the end of 2010: documents pertaining to project monitoring and In 16 manufacturing project there had been delays implementation: Regulations for Realizing and of more than nine months in initiation of financing Monitoring the Pre-investment Stage of Project Activity from the date the projects were approved by the of the Russian Corporation of Nanotechnologies and Supervisory Council. (Usual reasons: exit from the Regulation of Processes for Realizing and Monitoring project of a co-investor, delays in agreement for Investment Projects of the Russian Corporation of the applicant’s fulfillment of basic terms of the Nanotechnologies in Investment and Exploitation transaction, and change in ownership impacting the Stages. The documents contain detailed procedures applicant.) for sequential decision making regarding the corporation’s participation in project financing; they set In two funds there had been delays in the initiation forth the roles and tasks of various subdivisions of the of financing of more than nine months from the date corporation; and they provide routine and reporting of project approval by the Supervisory Council. forms for monitoring implementation of investment In two infrastucture projects (nanocenters) approved projects in which the corporation participates and by the Supervisory Council, financing had not begun dates for their submission. and there were no delays in realizing the projects. At yearend RUSNANO had expanded to 104, through It is noteworthy that at the end of 2010 only eight of Supervisory Council approvals, the number of projects the projects that had been approved by the Supervisory in which it will participate. The budgets for these Council have undergone changes to date in the projects total 347 billion rubles, including cofinancing terms of their contracts with RUSNANO (additional of 140 billion rubles from the corporation. Private agreements, changes in co-investors, changes in the investors will contribute 207 billion rubles to their investment plan, budget changes). realization (monetary resources of 146 billion rubles and material and nonmaterial assets of 61 billion During 2010 project companies extinguished rubles). In this manner, RUSNANO continues to attract guarantees extended by the corporation before 2010 resources from private investors for the advancement in the amount of 2.7 billion rubles. They did so by of Russia’s nanoindustry. repayment of loans independently, without drawing upon the financial resources of the corporation. During As of December 31, 2010, 49 projects and funds were the year, guarantees of 1.49 billion rubles were granted receiving cofinancing from the corporation — 43 and extinguished. Four guarantees totalling 6.64 billion manufacturing projects, four venture capital funds, rubles were still active at yearend. and two infrastructure projects for nanotechnology centers. Eleven projects had received the full As part of implementing investment programs, five amount of financial support that the corporation had projects launched operations of basic technology contracted to provide. Since initiating cofinancing, equipment during the year. the corporation has invested more than 64 billion As of the end of 2010, 17 projects had begun rubles in nanotechnology-related projects of which 32 manufacturing nano-enabled products. Their earnings billion rubles in financing was extended duirng 2010. during the year were just over one billion rubles. Information on the projects receiving cofinancing at yearend is presented in table 7. The total amount of investment already contributed by private investors as of December 31, 2010, was 42 billion rubles — 18 billion rubles in monetary resources and 24 billion rubles in material and nonmaterial assets. Of these private investments, 25 billion rubles was invested during 2010 — 13 billion rubles in monetary resources and 12 billion rubles in material and nonmaterial assets. Of the 43 manufacturing projects with financing underway, deviations from scheduled plant commissionings occurred in four. Financing of the four venture capital funds and two infrastructure projects (nanotechnology centers) proceeded in accordance with the schedule.
51 Russian Corporation . of Nanotechnologies Annual Report 2010
Table 7. Projects Receiving Financing from RUSNANO as of December 31, 2010
Budget (millions RUSNANO . Financing to date № Project of rubles) financing (millions of rubles) Legal entity
To develop, engineer, and construct the Beta high-tech 1 manufacturing complex for production of medical 2,692 1,290 1,290 100.00% TRACKPORE TECNOLOGY equipment
To establish a business for production of monolithic 2 hard alloy instruments with multilayered nanostructured 1,000 500 500 100.00% New Instrumental Solutions coatings
To master technology and organize production for 3 high-barrier polymer film with the goal of expanding 2,450 1,200 1,135 94.55% DANAFLEX-NANO production of flexible packaging
4 To establish production of colloidal quantum dots 72 35 35 100.00% Nanotech-Dubna
To establish production of microsources, nanostructured 5 microspheres, and nanostructures for targeted drug 905 713 496 69.52% NanoBrachiTech delivery
To establish production of nanovaccines and biopharmaceuticals based on pseudo-adenoviral 6 1,647 1,300 697 53.62% NTpharma nanoparticles containing carbohydrate-binding variable regions
To develop a new method for diagnosing imbalances . 7 1,079 575 193 33.57% Hemacore n blood clotting
8 To create a fiber laser industry in Russia 5,512 1,550 768 49.55% IRE-Polus
To establish a design center and commercial production 9 16,566 6,480 6,480 100.00% SITRONICS-Nano of VLSICs based on 90-nanometer process technology
To establish commercial production of electrochemical units for high-precise processing of parts from 10 286 120 70 58.33% ECM nanostructured materials with nanometrically structured surfaces
To establish manufacturing of generating and cooling 11 1,702 600 600 100.00% THERMOINTECH modules and next generation systems based on them
To organize commercial production of prepegs based 12 on nanomodified carbon and mineral fibers and 3,460 3,252 3,252 100.00% Prepreg-SKM nanomodified binders
To establish commercial production of goods and 13 parts from nanostrucured ceramic and metal-ceramic 1,697 651 551 84.65% VIRIAL materials
To establish a Russian warehouse and catalog . 14 90 43 43 100.00% Ruschembio of chemical and biochemical reagents
To establish a high-tech company in Russia for 15 production of RFID tags and metalized packaging 2,050 1,081 1,008 93.25% Galileo Nanotech material
To establish production of advanced solid-state lighting: 16 nano-enabled environmentally safe and energy saving 4,643 2,283 1,776 77.79% Optogan lighting
To create the first large-scale complex in Russia for 17 20,176 4,500 4,500 100.00% Usolie-Sibirsky Silicon production of polycrystalline silicon and monosilane
52 Russian Corporation . of Nanotechnologies Annual Report 2010
Table 7. Projects Receiving Financing from RUSNANO as of December 31, 2010
Budget (millions RUSNANO . Financing to date № Project of rubles) financing (millions of rubles) Legal entity
To develop a network of production centers offering . 18 3,819 1,220 600 49.18% Plackart a range of nanocoatings for various purposes
To establish commercial production of ultrastrength nanostructured springs using a new technology to 19 1,110 830 280 33.73% Pruzhina control the form of homogenous nanosubstructures . in the material
To introduce practical uses for Skulachev ions: innovative 20 preparations based on mitochondrial nanotechnology . 2,141 692 95 13.73% Mitotech to combat age-related illnesses
To establish manufacturing of high-performance 21 908 664 494 74.40% Microbor Nanotech instruments from company Microbor
To organize production of miniature devices to detect 22 572 209 209 100.00% Optosense explosive gases
To modernize and broaden production of nano-ink . 23 1,114 166 166 100.00% SUN-NSK and equipment for high-tech digital printing
To develop technology and production of epitaxial wafers and chips for lasers and detectors used in ultrahigh- 24 speed optical interface for local data networks using 1,100 770 270 35.07% Connector Optics wireless transmission — consumer markets and markets of strategic importance
To construct a manufacturing facility for solar modules 25 20,128 13,525 13,525 100.00% Hevel using Oerlikon thin film technology
To establish a complex for high-tech production . 26 of germanium products for opto- and nanoelectronic 2,160 790 590 74.68% Germanium and Applications equipment
To organize high-technology production of modified layered nanosilicate, master batches (precursors 27 2,060 1,101 950 86.29% METACLAY to nanocomposites), and next generation polymer nanoncomposite materials
To broaden commercial production and commercialize promising product groups from SemiTEq, including Semicondutor Technologies . 28 620 140 137 97.50% technical equipment for molecular beam epitaxy and and Equipment planar processing
To establish commercial production of Unirem modified 29 1,854 1,294 418 32.34% Unicom road coverings
To establish state-of-the-art production of 30 nanostructured membranes and separating modules 1,927 810 350 43.21% RM Nanotech based on them for water purification
To establish multiprofile production of porous, 31 357 52 50 96.15% MANEL nanostructured nonmetallic and nonorganic coverings
To establish production of substrates with high thermal conductivity for assembly of ultrabright LEDs using an 32 868 120 90 75.00% MCLR anodization technology to obtain a nanoporous layer .
of Al2O3 on an aluminum wafer
53 Russian Corporation . of Nanotechnologies Annual Report 2010
Table 7. Projects Receiving Financing from RUSNANO as of December 31, 2010
Budget (millions RUSNANO . Financing to date № Project of rubles) financing (millions of rubles) Legal entity
To manufacture flexible polymer packaging materials . 33 2,301 826 626 75.79% Uralplastic-N of modified nanocomposites
To organize production of nanostructured magnesium 34 3,083 1,280 167 13.02% NikoMag hydroxide with modified surface, a fire-retardant additive
To produce functional animal proteins and related 35 special-purpose products with improved biological 4,631 2,271 1,117 49.20% Rosana characteristics
To establish the Thunder Sky Russian Plant and R&D 36 13,571 7,581 5,461 72.03% Li-ion Technologies (LIOTECH) Center
To broaden existing production of measurement and 37 analytical instruments for research in materials science, 387 140 50 35.71% Advanced Technologies Center biology, and medicine
To broaden production of thermoelectric cooling 38 microsystems based on bismuth telluride nanopowder 797 150 84 56.01% RMT, Ltd. for opto, micro-, and nanoelectronics
To broaden production of multipurpose detectors based 39 on tagged neutron technology that are capable of 312 155 50 32.26% Neutron Technologies LLC identifying numerous substances
To establish production of nano-enabled highly durable 40 3,750 1,299 1 000 77.01% TMK-INOX stainless steel and alloy precision pipes
To organize production of displays and devises using 41 35,340 7 130 4,647 65.18% Plastic Logic Holding advanced plastic electronic technology
To establish production of nanomodified, 42 899 102 25 24.46% VLADPOLYTEX noncombustible PET fiber for construction industry
To create an up-to-date system for measuring and 43 monitoring based on fiber optic sensors using guided- 1,332 604 392 64.90% Profotech wave nanostructures
To establish a joint venture capital investment fund 44 between RUSNANO and Moscow School of Management 2,000 1,000 150 15.00% Troika Dialog SKOLKOVO
To establish a fund for small-budget, nanotechnology 45 1 980 970 49 5.05% SM.art projects in early stages of execution
To establish a sector fund, Nanomet, to introduce Savings and investments 46 3,000 1,500 375 25.00% nanotechnologies to the metallurgy industry (management company)
To establish the RUSNANO Capital Fund, an anchor 47 investor supporting nanotechnology-related projects . 32,000 16,000 6,345 39.65% Rusnano Capital AG in Russia and worldwide
To establish the multidisciplinary nanotechnology . 48 5,170 1,779 423 23.78% SYGMA.innovations center SYGMA
49 To establish the nanotechnology center Idea 3,649 1,753 1,598 91.14% Center for Technology Transfer
TOTAL 220,967 93,097 64,176 68.93%
54 Russian Corporation . of Nanotechnologies Annual Report 2010
Appendix E. Table 8. Projects launching basic technology equipment in 2010 Results of Monitoring the Implementation of Projects Financed with Resources of the Corporation
Project title Equipment
Electrochemical equipment . ECM in Ufa: entry into operation of the first line with capacity . 1 for high-precision processing to produce 50 workstations per year
Nanoheterostructured LEDs . Optogan in St. Petersburg: entry into operation of the first line with 2 and energy-saving capacity to produce 360 million LEDs per year LED lighting
Porous nanostructured inorganic MANEL in Tomsk: entry into operation of the Aline 4 processing. 3 nonmetallic coatings line for applying micro-arc oxidation coatings
Solid-cast instruments with multilayer Saturn in Rybinsk, Yaroslavl Oblast: entry into operation . 4 nanostructured coatings of manufacturing line for metalworking instruments with nanocoating
Unicom in Podolsk, Moscow Oblast: entry into operation . 5 Road paving modifier Unirem of a processing line for production of Unirem modifier with . capacity to manufacture 5,000 tons of modifier per year
55 Russian Corporation . of Nanotechnologies Annual Report 2010 Auditor’s Opinion on the Financial (Accounting) Reports of the Corporation
56 Russian Corporation . of Nanotechnologies Annual Report 2010
Auditor’s Opinion on the Financial (Accounting) Reports of the Corporation
57 Russian Corporation . of Nanotechnologies Annual Report 2010
Auditor’s Opinion on the Financial (Accounting) Reports of the Corporation
58 Russian Corporation . of Nanotechnologies Annual Report 2010 Notes
59 Russian Corporation . of Nanotechnologies Annual Report 2010 Notes
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Russian Corporation of Nanotechnologies Telephone: +7 495 988 5388 Fax: +7 495 988 5399 www.rusnano.com