Russia, Kazakhstan establish joint fund of nanotechnologies

According to the press service of RUSNANO, the target size of the Fund will make USD 100 mln. The anchor investors for the Fund RUSNANO and Kazyna Capital Management will each contribute USD 25 mln. VTB Capital and I2BF Holdings will manage the Fund's resources. They are expected to attract additional USD 50 mln - USD 100 mln from private investors.

The Fund is being established for ten years and will work on attraction of investors for financing promising projects aimed at implementation of nanotechnologies and use of nano-industry products in Kazakhstan and Russian economies. The purpose of the Fund is transferring cutting-edge technologies, creating additional forms of international cooperation and stimulating development of financial infrastructure for nanotechnologies market.

As Chairman of the Board of Kazyna Capital Management JSC Abai Alpamyssov noted, development of venture infrastructure in Kazakhstan was an important element of maintaining and development of innovative environment.