Usrbc chubais presentation 20 oct 2010

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Usrbc chubais presentation 20 oct 2010

  1. 1. RUSNANO: Fostering Innovations in Russia through Nanotechnology San Francisco October 20-21, 2010 Anatoly Chubais, Chief Executive Officer USRBC's 18th Annual Meeting "From Silicon Valley to Skolkovo: Forging Innovation Partnerships"
  2. 2. Page 2 Russian Economy: Gap in innovations 0 2 4 6 8 10 12 14 16 0 10 20 30 40 50 60 70 80 GDP (purchasing power parity), $ trillion Russia is ranked 7th-8th for its GDP and 73rd for its innovation level Innovation level (rated under WEF methodology) Sources: World Economic Forum – The Global Competitiveness Report 2009-2010; IMF data
  3. 3. Page 3 1990-2020: Milestones of initial development and further growth of Russian economy 1990-2000 Setting the base for market economy 2000 – 2010 Raw materials export dependent economic growth 2010 - 2020 New model of innovation-based economic growth
  4. 4. Page 4 Russia’s Modernization: Main Policy Challenge
  5. 5.  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  Founded in 2007 RUSNANO: Brief Overview  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 Page 5
  6. 6. Page 6  Ownership participation — no more than 50% minus 1 share  Investment horizon — up to 10 years  Financing projects at early stage and stage of expansion RUSNANO’s Terms of Financing
  7. 7. Page 7 RUSNANO: Support for Co-investors Basic condition – location in Russia
  8. 8. USA is an evident leader RUSNANO’s Requests for Financing From Foreign Applicants Page 8
  9. 9. Financial infrastructure Industrial projects Non- financial infrastructure Nanomaterials Nanophotonics Nanomedicine Nanomaterial production technologies and equipment Nanoelectronics Other Nanotechnology CentersInvestment funds Dubna (Moscow Region) Zelenograd (Moscow Region) Kazan (Tatarstan) Tomsk and Novosibirsk (West Siberia) RUSNANO Capital DFJ-VTB Aurora Russian-Kazakh Fund Metallurgy Fund Skolkovo Fund Perm Region Fund North Region Fund Investment Projects Types Statistics as of 15.10.2010 Page 9
  10. 10. Investment Projects’ Clusters Solar energy and energy conservation Nanostructured materials Medicine and Biotechnology Nanocoatings Infrastructure and EducationOptoelectronics and nanoelectronics Page 10
  11. 11.  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)  Approved by the Supervisory Council: 94 projects in 30 Russian regions RUSNANO’s Investment Projects: Summary Page 11
  12. 12. 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 US-Russia Joint Projects in RUSNANO Portfolio Page 12
  13. 13. VC Trips to Russia, May and October 2010 Preliminary results 11 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 1st VC Trip to Russia, May 25 – 27, 2010: 22 funds, $60 bln under management 2nd VC Trip to Russia, October 10-14, 2010: 15 funds, $100 bln under management Page 13
  14. 14. Page 14 RUSNANO Plans: Timeline  Additional major challenge: IPO after RUSNANO transformation into a joint-stock company 2007 2008 2009 2010 2011 2012 2013 2014 2015 RUSNANO transformation into a joint-stock company Debt financing via open markets started Mass production in project companies started Exit from projects started RUSNANO is founded. Government makes contribution into the charter capital First project is financed
  15. 15. Page 15 0,3 1,7 3,3 10 0,7 2,8 4,5 6,2 7,3 0,1 1,4 5,5 14,5 22,5 30 0 5 10 15 20 25 30 35 2010 2011 2012 2013 2014 2015 Sales of Russian nanoindustry products (target) Incl. revenue of project companies set up with participation of RUSNANO (target as of 2007 ) Incl. revenue of 93 projects already approved by RUSNANO (adjusted forecast 2010 ) $ bln Dynamics of the Russian Nanoindustry Market: Target and forecast
  16. 16. What We Can Do Together  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)  Co-investment  Support in companies entry into the Russian market  Access to RUSNANO’s scientific and technical expertise  Joint creation of venture funds RUSNANO offers You could Page 16

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