Innovation in Russia’s heartland picked up momentum and funding recently with the launch of a new nanotechnology fund backed by Russian innovation giant Rusnano and German venture capital fund Nanostart in the Russian regional city of Perm. Rusnano, Nanostart and the governor of the Perm administrative district created the $73 million fund as an investment vehicle to provide seed capital to start-up nanotechnology companies in Perm and to increase the project base in the region for Rusnano co-investment at later stages. The fund, to be called the Kama First Fund, takes its name from the Kama River, which flows through the Perm region. As previously discussed on ModernRussia.com, Perm is the third largest city in Russia and is quickly becoming a hot spot for Russian innovation.
To read the full, original article click on this link: New Russian-German fund opens a nanotechnology future for Russian regions | Modern Russia
