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Venture Investors Present Their Projects

Venture Investors Present Their Projects



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    Rusnano Rusnano Presentation Transcript

    • Anatoly Chubais, Chief Executive Officer RUSNANO: Fostering Innovations in Russia through Nanotechnology USRBC's 18th Annual Meeting San Francisco "From Silicon Valley to Skolkovo: Forging Innovation Partnerships" October 20-21, 2010
    • Russian Economy: Gap in innovations Sources: World Economic Forum – The Global Competitiveness Report 2009-2010; IMF data 16 GDP (purchasing power parity), $ trillion 14 12 Russia is ranked 7th-8th for its GDP 10 8 and 73rd for its innovation level 6 4 2 0 0 10 20 30 40 50 60 70 80 Innovation level (rated under WEF methodology) Page 2
    • 1990-2020: Milestones of initial development and further growth of Russian economy 2010 - 2020 New model of innovation-based economic growth 2000 – 2010 Raw materials export dependent economic growth 1990-2000 Setting the base for market economy Page 3
    • Russia’s Modernization: Main Policy Challenge Page 4
    • RUSNANO: Brief Overview  Founded in 2007  Resources: o Russian Federation’s asset contributions in RUSNANO: $4.5 bln o State guaranteed debt financing (bonds issuance): $6.2 bln o Investment proceeds: $4.6 bln  Mission: to implement the state policy in the field of nanotechnologies  Tasks: o commercialization of nanotech industry projects and innovations o production volume of Russian nano-enabled products by 2015 – ~ $30 bln per year  Areas of financing: o fabrication of nano-enabled products and materials o foresight and road maps, standardization, certification, o safety in nanotech industry o education, popularization Page 5
    • RUSNANO’s Terms of Financing  Financing projects at early stage and stage of expansion  Ownership participation — no more than 50% minus 1 share  Investment horizon — up to 10 years Page 6
    • RUSNANO: Support for Co-investors Basic condition – location in Russia Page 7
    • RUSNANO’s Requests for Financing From Foreign Applicants USA is an evident leader Page 8
    • Investment Projects Types Statistics as of 15.10.2010 Industrial Financial Non- financial projects infrastructure infrastructure Nanomaterials Investment funds Nanotechnology Centers Nanophotonics RUSNANO Capital DFJ-VTB Aurora Dubna (Moscow Region) Nanomedicine Russian-Kazakh Fund Zelenograd (Moscow Region) Nanomaterial production Metallurgy Fund technologies and equipment Kazan (Tatarstan) Skolkovo Fund Nanoelectronics Perm Region Fund Tomsk and Novosibirsk (West Siberia) North Region Fund Other Page 9
    • Investment Projects’ Clusters Solar energy and energy conservation Nanostructured materials Medicine and Biotechnology Nanocoatings Optoelectronics and nanoelectronics Infrastructure and Education Page 10
    • RUSNANO’s Investment Projects: Summary  Approved by the Supervisory Council: 94 projects in 30 Russian regions  For its approved investments of $4.1 bln RUSNANO has attracted co-investors for $6 bln (overall budget of projects – $10.1 bln)  Consolidated revenue - 2015: from $7.5 billion (conservative scenario) Page 11
    • US-Russia Joint Projects in RUSNANO Portfolio 3 approved projects with the total budget of approx. $1 billion (incl. approx. $270 million of RUSNANO’s financing) Clusters: nanomaterial production technologies and equipment; electronics; medicine Page 12
    • VC Trips to Russia, May and October 2010 Preliminary results 1st VC Trip to Russia, 2nd VC Trip to Russia, October May 25 – 27, 2010: 10-14, 2010: 22 funds, 15 funds, $60 bln under $100 bln under management 11 management potential joint projects with the total budget of approx. $1.2 billion (incl. investment fund project of up to $400 million) Clusters: solar energy/energy conservation; electronics; biotechnology Page 13
    • RUSNANO Plans: Timeline 2007 2008 2009 2010 2011 2012 2013 2014 2015 RUSNANO is First project Debt financing via RUSNANO Mass production in Exit from projects founded. is financed open markets transformation project companies started Government started into started makes a joint-stock contribution company into the charter capital  Additional major challenge: IPO after RUSNANO transformation into a joint-stock company Page 14
    • Dynamics of the Russian Nanoindustry Market: Target and forecast 35 $ bln 30 30 Sales of Russian nanoindustry products (target) Incl. revenue of project companies 25 22,5 set up with participation of RUSNANO (target as of 2007 ) Incl. revenue of 93 projects 20 already approved by RUSNANO (adjusted forecast 2010 ) 14,5 15 10 10 5,5 7,3 6,2 4,5 5 3,3 1,4 2,8 1,7 0,1 0,7 0,3 0 2010 2011 2012 2013 2014 2015 Page 15
    • What We Can Do Together RUSNANO offers  Co-investment  Support in companies entry into the Russian market  Access to RUSNANO’s scientific and technical expertise  Joint creation of venture funds You could  Apply for financing of your project at www.rusnano.com  Invest in joint project together with RUSNANO  Further develop your technology with RUSNANO help  Consider opportunities for portfolio companies expansion into Russia  Encourage portfolio companies to apply for RUSNANO financing  Encourage portfolio companies to cooperate with RUSNANO projects to achieve synergies: o in accessing global product and finance markets o in exits from projects (IPO or selling to a strategic investor) Page 16