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Rusnano to present to business community new strategy at Russian Innovation Week

September 18, 2013, 19:13 UTC+3

It’s not a place where we sign contracts, we have to talk about new strategy, Rusnano head says

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Photo ITAR-TASS/ Anton Novoderezhkin

Photo ITAR-TASS/ Anton Novoderezhkin

BOSTON (Massachusetts), September 18 (Itar-Tass) - The main spheres of work for Russia’s corporation RUSNANO at the Russian Innovation Week 2013, which opened on Tuesday, will be familiarising the American and Russian business community with its new strategy and discuss future projects with partners, the corporation’s head Anatoly Chubais said on Tuesday, answering Itar-Tass questions.

“For me, the investment week - it’s not a place where we sign contracts. This is another logic, another structure,” Chubais said. He named the three main objectives pursued by the management of the corporation. “The first task - we live in today with a new strategy of the company, we have to talk about this new strategy. This is what we are doing here,” he stressed.

The second task, according to the RUSNANO head, is to monitor the firms in which the corporation invests. “We’ve got 22 companies here. All, of course, I will not be able to visit them all, but should look at some of them,” Chubais said. “Here in Boston and San Francisco, in Silicon Valley. I’ll just look into the state of affairs with our companies.”

The third task is to hold consultations with the partners. “There are new ideas, new proposals, requests for talks both here and in Silicon Valley. All this will be done,” said Chubais. “These are the main tasks for us.”

The head of RUSNANO noted that he intended to visit, in particular, in the United States two companies. Aquantia - this is a fantastic company that has developed a new logic of wi-fi video transfer over a distance of 100 metres,” said Chubais. “NeoPhotonics is another company in which we have invested, it is unique to the United States, it is engaged in the production of optical chips.”

“Optical electronic chips, we believe, is a very promising direction,” the head of RUSNANO noted. “The company is on a strong technological level and is already public. So we seriously hope to not only wait until the investment returns, but also to create a Russian production unit. So we will be there negotiating on this matter.”

The Russian Innovation Week is a prestigious international conference. It aims to highlight opportunities for partnerships between leading American entrepreneurs, venture capitalists and innovative Russian companies. Attendees will learn firsthand what it’s like to do business in Russia from successful Russian companies. In addition, they can mingle with new players in the Russian and American technology markets and discuss technology trends with business executives, start-up entrepreneurs and investors.

The forum’s opening took place at the Boston Centre for the Arts Cyclorama on Tuesday, and its main part will be held on the other - West coast of the United States in the Silicon Valley (CA), at the Santa Clara Convention Centre on September 19 and 20.

The organisers of the Russian Innovation Week 2013 are RUSNANO, the Russian Venture Company (RVC) and Skolkovo Foundation.

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