Nanotechnology Now - Press Release: RUSNANO and Russian Railways Sign Partnership Agreement

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Abstract:
RUSNANO CEO Anatoly Chubais and Russian Railways President Vladimir Yakunin have signed an agreement for strategic partnership in the implementation and commercialization of nanotechnology for rail transport.

RUSNANO and Russian Railways Sign Partnership Agreement

Russia | Posted on January 26th, 2010

The agreement sets forth a mechanism for introducing and promoting innovation, including nanotechnology products, tailored to the railway sector. In carrying out the agreement, the parties will satisfy growing demand for high-quality transportation services, increase shipment volume and train weight, and improve speed of service.

In accordance with the agreement, Russian Railways and RUSNANO will determine the areas in which application of nanotechnology is most promising and the regions and subdivisions for implementing comprehensive projects.

The parties to the agreement established a working group with 6 subgroups in August 2009 to coordinate the partnership and the activities it undertakes.

The companies plan to create a system to monitor the effectiveness of the nanotechnology they introduce in order to develop a database for making management decisions.

The parties will also work together to develop regulations improving Russia's legislation in the area of innovation.

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About RUSNANO
The Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law ą 139-FZ to enable Government policy in the field of Nanotechnology.

To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector.

RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nanoscience and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term foresight created by the leading Russian and world experts.

To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.

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Contacts:
Anna Fradkova, press-secretary of the international press office
P.: +7 495 5424444 add.1424
M.: +7 985 7299860

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