MULTI-CLIENT STUDY PROSPECTUS
CARBON NANOTUBE ACTIVITIES IN RUSSIA:
SOURCES OF NOVEL DISPLAY TECHNOLOGIES AND
CENTERS OF TECHNOLOGY EXCELLENCE
Ÿ Which Russian display industry participants are actively looking to develop
partnerships in order to bring their nanotube-based displays to global markets
Ÿ Which display applications, based on carbon nanotubes, are the closest to being
commercialized in the Russian marketplace?
Ÿ What types of display devices are being targeted by the bulk of Russian carbon
nanotube R&D? Why?
Carbon Nanotube Activities in Russia:
Sources of Novel Display Technologies and
Centers of Technology Excellence
For many years, the technological skills and expertise of Russian scientists have been unparalleled. This
knowledge also extends into the realm of nanotechnology, the interdisciplinary branch of science dealing
with the manipulation of matter at the atomic level. Nanotechnology was given a huge boost in December
2003 when President Bush signed into law the 21st Century Nanotechnology Research and Development
Act, which authorizes $3.7 billion for nanotechnology research and development programs over the next
four years. One particular area of this field which has garnered much interest is that of carbon nanotubes.
This interest is due to the myriad properties inherent in carbon nanotubes as well as the recognition that
they may be among the nearest-term materials available for application in end-user products.
Although there are certainly many avenues which can be explored for near-term
commercial potential due to carbon nanotubes’ chemical, electronic, and material
properties, display applications will be given primary consideration for the purpose of
this study. The overall consensus in the global nanotube industry is that display
applications are the nearest-term commercial applications which take advantage of
nanotubes’ electronic properties mentioned above. These properties make carbon
nanotubes ideal components for the next generation of nano-display devices, such as
cathode-ray tubes (CRTs), liquid crystal displays (LCDs), and organic light-emitting
diodes (OLEDs), for example. .In essence, display products are the new “killer apps” for
Ÿ Display products using organic materials such as carbon nanotubes have already
reached the market, with the first active-matrix, full-color OLED display camera by
Ÿ Motorola is developing its own proprietary nanomaterial processes to target the larger
display markets, specifically flat panel displays (FPDs) for television.
Ÿ More display multinationals (MNCs) are partnering with, investing in, and/or
licensing from nanotube startups to secure display intellectual property (IP) rights.
Ÿ Russia potentially represents a vast goldmine of nanotube display IP waiting to be
exploited by globally-minded business development partners.
As such, display firms are in a unique position to shape not just the nanotube industry, but
the global nanotechnology industry as a whole.
Points for Consideration:
Ÿ The 21st Century Nanotechnology Research and Development Act will have major
ramifications for the development of nanotechnology research as well as applications.
Ÿ Nanoscience, the science behind nanotechnology, is an interdisciplinary one which
brings together scientists from all the branches, including physics, chemistry, and
Ÿ Nanotechnology is slated to have an impact on virtually all major industries
worldwide, including: electronics, materials, construction, communications,
transportation, and defense.
Ÿ Carbon nanotubes, in particular, due to their electrical, chemical, and material
properties, will insure that this global impact is a lasting one, and not just the latest
Ÿ The U.S. is by no means the only player in the new Great Game of nanotechnology,
as governments across Europe and Asia have created their own nanotechnology
initiatives. Japan is currently the world leader in nanotechnology funding on a per
Ÿ Russia represents tremendous opportunity for those willing to exercise patience in
collaborating with its nanotechnology firms and institutions. Global alliances such as
these limit overall exposure to risks such as market, technical, IP, and political.
Key Questions to be Answered by This Study:
Ÿ What is the overall competitive landscape of the Russian display industry and what
are the market dynamics of that industry? Which of these players, private and public,
are actively looking to develop partnerships in order to bring their nanotube-based
displays to market faster?
Ÿ Which of these display applications is the closest to being commercialized in the
Russian marketplace? What other nanotube-based display devices might be on the
Ÿ Which display markets is the bulk of Russian nanotube R&D targeting: CRTs, LCDs,
FPDs, OLEDs, field emission displays (FEDs), plasma display panels (PDPs), etc.?
Ÿ Which species of carbon nanotubes works best for display applications research in
Russia: single-walled nanotubes (SWNTs), double-walled nanotubes (DWNTs), or
multi-walled nanotubes (MWNTs)?
Purpose of the Study:
The study will provide strategic analysis enabling subscribers to objectively evaluate risks and
opportunities in the Russian nanotube and display markets. Ultimately, this analysis will allow subscribers
to identify which Russian entities represent viable prospects for potential joint business development
transactions. These joint ventures have the potential to bring nanotube-enabled display products not only
to the Russian market more quickly, but eventually to the world market as well.
Study Outline: Carbon Nanotube Activities in Russia
I. Product and Technology Assessment
A. BRIEF ASSESSMENT OF CARBON NANOTUBE TECHNOLOGIES
1. Nanotechnology Introduction
2. Nanotechnology definition
3. Carbon nanotube definition
4. Varieties of carbon nanotubes
a) Single-walled carbon nanotubes (SWNTs)
b) Double-walled carbon nanotubes (DWNTs)
c) Multi-walled carbon nanotubes (MWNTs)
5. Properties of carbon nanotubes
B. OVERVIEW OF MAJOR DISPLAY PRODUCTS WHICH HAVE BEEN
OR WILL BE INCORPORATING CARBON NANOTUBES INTO
1. Field Emission Displays (FEDs)
2. Cathode-Ray Tubes (CRTs)
3. Liquid Crystal Displays (LCDs)
4. Flat Panel Displays (FPDs)
5. Plasma Display Panels (PDPs)
6. Light-Emitting Diodes (LEDs)
7. Organic Light-Emitting Diodes (OLEDs)
8. Electro-Luminescent Displays (ELDs)
9. Laser Projection Displays (LPDs)
II. Overview of major Display application markets
A. SMALLER AREA SCREENS
1. Cellular telephones
2. Digital/PCS telephones
3. Personal Digital Assistants (PDAs)
B. LARGER AREA SCREENS
1. Notebook computers
2. Desktop computers
4. Large-screen televisions
C. VALUE-ADDED BENEFITS OF INCORPORATING CARBON NANOTUBES
INTO CURRENT DISPLAY TECHNOLOGIES AND MARKETS
1. Increased brightness
2. Increased Response Time/Refresh Rate
3. Increased Contrast
4. Decreased Weight
5. Decreased Power Usage Requirements and consumption
6. Decreased manufacturing costs
III. Carbon Nanotube Manufacturing Processes and their Global
A. ARC VAPORIZATION (ARC)
B. LASER ABLATION
C. CHEMICAL VAPOR DEPOSITION (CVD)
D. PULSED-LASER VAPORIZATION (PLV)
E. HIGH-PRESSURE CARBON MONOXIDE (HIPCO)
F. CARBON MONOXIDE SOLID CATALYST (COMOCAT)
G. COMMERCIALIZATION TIMELINES AND STRATEGIES OF THESE
IV. Russian Carbon Nanotube Market and Industry Overview
A. COMPETITIVE LANDSCAPE
B. MARKET DYNAMICS
C. MARKET SIZE AND GROWTH RATES
D. KEY SUCCESS FACTORS
E. INDUSTRY PARTICIPANTS
1. All-Russian Research Institute of Chemical Technology (VNIIKhT)
2. Cluster Company Ltd.
3. Institute of General Physics
4. Institute of Microelectronics Technology and High Purity Materials
5. Institute of Problems of Chemical Physics (IPCP)
6. Institute of Radioengineering and Electronics (IRE)
7. Kazan Physical-Technical Institute (KPTI RAS KSC RAS)
8. Moscow Bauman Physical and Technical Institute
9. Moscow Institute of Physics and Technology (MIFT)
10. NanoCarbLab, Inc.
11. Rostov State University
12. The Russian Federal Nuclear Center - All-Russia Scientific Research
Institute of Experimental Physics (VNIIEF)
13. Razuvaev Institute of Organometallic Chemistry (IMOS RAS)
14. Volga Research and Development Institute (RDI Volga)
V. Russian Display Market and Industry Overview
A. COMPETITIVE LANDSCAPE
B. MARKET DYNAMICS
C. MARKET SIZE AND GROWTH RATES
D. KEY SUCCESS FACTORS
E. INDUSTRY PARTICIPANTS
1. A.F. Ioffe Physico-Technical Institute
2. Chromatron Plant Ltd.
3. Display OOO
4. ELMA: Research and Production Organization
6. Elorma Scientific Industrial Corporation
8. Giricond Research and Development Institute
9. Institute of Fine Mechanics and Optics
11. KTQ- MK
12. Lomonosov Institute of Fine Chemical Technology
14. Moscow Institute of Chemical Technology (MIFT)
15. Moscow Institute of Physics and Technology
17. Moscow State Institute of Electronics and Mathematics
18. Moscow State University, Chemistry Department
19. Niopik Organic Intermediates and DyesInstitute
21. Piastr Engineering and Commercial Enterprise
23. Platan Scientific Production Corporation
24. Pribor Company
26. Rosich and Co., Ltd.
27. Russian Academy of Sciences, Institute of Crystallography
28. Russian Academy of Sciences, Institute of Analytical
29. Sapphire Research and Production Amalgamation
30. Vavilov State Optical Institute
31. Volga Research and Development Institute
32. Zelenograd Research Institute of Physical Problems
VI. Findings and Conclusion
A. NANOTUBE-ENABLED DISPLAY APPLICATIONS WHICH
REPRESENT THE BEST OPPORTUNITIES FOR FURTHER
B. NANOTUBE AND DISPLAY FIRMS AND CENTERS OF
EXCELLENCE WHICH ARE ACTIVELY LOOKING TO
COLLABORATE WITH POTENTIAL FOREIGN JOINT VENTURE
C. INTELLECTUAL PROPERTY STRATEGIES TO ENSURE PROPER
PROTECTION AND COVERAGE IN ANY RESULTING JOINT
MANUFACTURING, MARKETING, OR BUSINESS DEVELOPMENT
D. GOVERNMENTAL ORGANIZATIONS AND OTHER PUBLIC
ENTITIES WHICH ALSO MAY ASSIST IN RUSSIAN NANOTUBE
AND DISPLAY COMMERCIALIZATION DEALINGS
Study schedule and deliverables
• Pre-study Conference: A meeting of subscribers and the Trykor/IVI project team will
be held in Alexandria, Virginia to review the detailed plans for the study. At this
meeting, the group will be given the opportunity to identify additional areas of interest as
well as to provide emphasis for specific study topics.
• Comprehensive Study Report and Presentation Materials: All participants will
receive the study report, including supporting information, analyses, forecasts and select
case studies developed as part of the study. Clients also will receive copies of PowerPoint
materials for presentations made in association with the study. Information will also be
updated and available in electronic format on CD-ROM.
• Post-Study Seminar: A concluding, day long seminar will be held for all study clients
as a group, to review the findings and implications of the study with the Trykor/IVI team.
• Optional Presentation at Client Offices: Trykor’s staff will travel to client offices to
present the final report and conduct in-house seminars, as requested. These seminars will
be tailored to each client’s individual needs and interests. Clients will be charged only for
Trykor’s personnel out-of-pocket travel and related expenses.
Proposed Project Schedule
May 2004 Kickoff Meeting
October 2004 Final Report Sent to Clients
October 2004 Group Presentation
October-December 2004 Individual Presentations at Client Offices
The fees for participating in the study are US$15,000 (client), US$17,500 (non-client)
and US$12,500 (academic). The fees entitle subscribers to receive the comprehensive
study and to attend the kickoff meeting and group presentation. The costs of participants’
travel to the kickoff meeting and post-study seminar, as well as the expenses for Trykor’s
staff travel to institutions or companies’ offices for individual presentations (optional), are
not included in the study fees indicated above.
Trykor is a technology commercialization firm based in Washington, Moscow and
Amsterdam, focused on commercialization of inventions from around the globe. These
include university, corporate and government laboratory inventions from the major
markets of Russia, India, China, Europe and North America. The company has
leveraged its personnel on the ground in Russia, the US and affiliates in Europe,
Australia into experience conducting primary and secondary research within and
outside Russia. Additionally, it leverages its access to Russian technical experts to assist
with initiatives such as with the Nuclear Cities institutes.
In the realm of global market and technology assessments, Trykor assists organizations
and individuals in bringing their products and technologies to market by using the
combined global experience of its consultants and international affiliates in developing
market assessments to identify key market applications. These assessments provide
detailed insights that provide clients the ability to:
1. Conduct extensive data mining and analysis from free and paid databases.
2. Determine where products are or can be positioned to determine the possible
3. Identify how to introduce and market the product/technology.
4. Determine supply, distribution, and sales channels.
5. Examine competitors and the strategies that they employ.
6. Highlight current market strategies that are applicable to the product.
7. Make available possible partners or collaborators and funding sources.
8. Evaluate the intellectual property issues on a global basis.
Trykor’s previous clients have included the U.S. Department of Energy, U.S. Dept of
Commerce, The World Bank, and American Association for the Advancement of Science.
About Innovative Ventures Incorporated
Innovative Ventures Inc., (IVI) began operations in 1986, is 100% privately owned with
offices in Grand Rapids, Michigan and Moscow, Russia.
IVI is establishing cross-border partnerships between Russian small & medium size
technology enterprises (SMEs) and international corporations through its CIS High
Technology Partnership Initiative™. Partnerships result in the creation of new technology
products for multinational corporations and new revenues for Russian developers of
The objectives of the Initiative are to:
1. Produce better quality and faster growth CIS SMEs.
2. Create new enterprises around Russian technology.
IVI is implementing this Initiative with Russian and international partners to create
sustainable deal flow as the prerequisite for an early stage venture capital industry to
emerge in the CIS. Investors must develop companies for investment, especially in the
emerging market countries where the quality and quantity of SMEs and entrepreneurs are
insufficient to create industries as efficient as in Europe, parts of Asia, and the USA.
IVI organizes partnerships to three criteria:
1. Investment of capital into Russian SMEs for technology development & operating
2. Oversight of the partnership by the foreign buyer & IVI.
3. Hiring of staff to strengthen the Russian SME in finance, project & general
IVI’s partnership initiative evolved from our 1st program that presented Russian
technology SMEs to international VCs in the Russian Technology Investment Forum™
with enterprise preparation accomplished in the Venture Capital Workshop™.
About Robert M. Shines
As a consultant with NanoCarbLab, Inc., a Moscow manufacturer of single-walled
carbon nanotubes, Robert Shines identified potential U.S. partners which would help the
firm incorporate its materials into display applications for the U.S. market. Prior to this,
he researched various FSU technologies for commercialization for a U.S. firm which
dealt in intellectual property and technology transfer and commercialization of FSU
technologies. As Assistant Director of a U.S.-funded technology incubator in Ukraine, he
assisted former Soviet weapons scientists in converting their specialized knowledge into
profitable business ventures by identifying and promoting former Ukrainian military
technologies which had potential U.S. civilian market applications. This included
compiling a technology catalogue on CD-ROM for the program to help seek partners and
investors for its client firms, which included the Science and Technology Center of
Ukraine (STCU). In addition, Robert was responsible for setting up a strategic
partnership between NanoLab, Inc, a Boston carbon nanotube startup, and the
Massachusetts Institute of Technology (MIT), which included developing market analysis
for the firm.
About Stanzione & Kim, LLP
Stanzione & Kim is an international IP law firm in Washington specializing in flat panel
screen technologies. It has extensive contacts with the U.S. Patent and Trademark Office
(USPTO), as well as the requisite technical expertise which enables it to provide analysis
of Russian prior art and existing patents in the field of nanotechnology
Project Team Biographies
Mr. Thomas R. Ruddy, President & Senior Business Consultant, began his IP rights and
commercialization activities in 1989, dealing with Russian technology transfer to the US.
Prior experiences with Russian technology commercialization includes managing R&D,
acquisition and technology transfer of Russian medical technologies for a Canadian firm
in Moscow. His over 20 years experience in international business within and outside
Russia provides an international perspective to his projects.
Mr. Timothy P. Murray, Corporate Director, Director of Russian Operations & Senior
Business Consultant, has over 25 years experience in international financial markets,
primarily involving raising investment capital, syndications and private placements.
He’s actively involved in Russian industry, living and working in Russia for seven years.
His Russian activities include technology database development, IPR acquisitions and
commercialization, and issues related to the protection of intellectual property.
Additionally he was involved in establishing financial syndications and distribution of
Russian investments, trading and sales of securities and futures and developing offshore
Mr. Michael J. Hill, Vice President & Senior Business Consultant, has over 15 years in
risk management and corporate development including marketing and sales of specific
products. He’s consulted companies on financial and operational risk management
including areas of traditional and non-traditional insurance; captive insurance modeling;
financial guarantee modeling; and credit insurance implementation.
While developing innovative funding solutions through strategic value extraction for
projects in the emerging markets, he also provided project management and data
collection for global technology and market assessments. Lastly, he presented seminars
on risk transfer and IPR insurance for law firms and trade associations.
Innovative Ventures Incorporated
Thomas Nastas is founder of IVI, with a B.A., cum laude, and a M.B.A., cum laude,
both from Michigan State University. Mr. Nastas has conducted product, technology and
venture capital assignments in automotive, computer hardware & software, energy,
oil/gas, speech synthesis, plant, animal and human health to name a few.
Mr. Nastas was Managing Director, US Russia Investment Fund; Founder & Managing
Director, the Michigan Product Development Fund; Product Planning Manager,
Multifastner Corp; Consultant, Planned Innovation; Product Development Engineer, Ford
Motor Company. He served on the Fund’s board of directors including Applied
Intelligence Systems Inc., Neogen Corp., and Russian fund interests in Flexoprint
(Volgograd,) Frank’s Ice Cream (Magadan) and MCRI (Seattle, WA). He advised the
IFC, the World Bank, the EU, the Canadian Business Development Bank, Financiere St.
Dominique, the Government of Kazakhstan, HP Russia LP, and others in the creation of
seed and early stage funds. Mr. Nastas raised US$283,000,000 of capital for these and
other funds under the management of IVI and others.
Mr. Nastas is author of numerous articles on VC and is an instructor at the American
Institute of Economics & Business College (Moscow) where he teaches evening MBA
classes in Entrepreneurship/Venture Capital, Introduction to Marketing and Sales
Management. Additionally, Mr. Nastas is a volunteer of ‘MBA Advising’, at Pericles
(Moscow), a non-profit institution that tutors Russians college graduates for admission to
MBA and law schools in Europe and the USA. Mr. Nastas assists Russians in the strategy
and writing of answers to MBA essay questions and their preparation for entrance
❐ Yes, I want to participate in the multi-client study “Carbon Nanotube Activities
in Russia: Sources of Novel Display Technologies and Centers of
Technology Excellence” I understand that the cost of the study is US$15,000 for
current Sparks clients and US$17,500 for non-clients and US$12,500 for academic
institutions. One-half will be billed upon initiation of the study and the remainder upon
receipt of the final report.
❐ Please have someone contact me to provide further information.
Name: ______________________ Signature: ______________________
Street Address: _____________________________________________________
City, State, Zip: _____________________________________________________
Telephone: ______________________ Fax: __________________________
E-mail Address: _____________________________________________________
Return this form to: Mr. Thomas Ruddy
401 Holland Lane
Alexandria VA 22314
Phone: (703) 566-6200