Dec 30 2008
The Supervisory Council of the Russian Corporation of Nanotechnologies approved the project on establishing the first closed-end mutual fund.
The partner for this project was selected by the Corporation among the leading Russian business schools. It is the Moscow Management School SKOLKOVO, which will raise the 1 billion rubles adding to the fund’s chartered capital. The total fund amount will reach 2 billion rubles. The Managing Company of the fund will be Troyka Dialog.
From the opinion of the managing director, member of RUSNANO Board of Directors Dionis Gordin, the joint project of RUSNANO and SKOLKOVO is a striking example of melding the Corporation’s educational and investment objectives: the trust activity will be directed towards discovery of the commercial potential of the Russian nanotechnologies, providing the trust investors with high return of their investments as well as improving the quality of training in the sphere of innovative management and building of the efficient practice within the business school framework.
- One of the problems with venture business today is that there is a gap between a business idea and its implementation in the investment project, says Dionis Gordin. – In average, less than 10% of the projects submitted to the venture trusts pass through the primary consideration stage. It happens due to low quality of the business plans, calculations, marketing researches, scientific and technical substantiation etc. The venture trust will involve the students and tutors of SKOLKOVO into business planning and pre-investment preparation of the most interesting projects submitted into the Fund.
- We value the advantages and perspectives opening for our students thanks to cooperation with the Russian Corporation of Nanotechnologies, emphasized Andrey Volkov, Head of Moscow Management School SKOLKOVO. – Program SKOLKOVO MBA which will be launched in 2009 implies the development of own business projects by students. The best projects will obtain venture financing. The criterion of the project selection is their innovative component. We are sure that our cooperation with RUSNANO will motivate them for creating truly advanced technologies beneficial not only for their authors but for our country as well.