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Russia Commits “Significant Resources” to Nano Research Through 2015

by Editor1 last modified January 17, 2008 - 20:31

The Russian Government plans to invest $7.7 billion (US) into nanoscience research in the next 8 years, and to create a state council to encourage government/private sector collaboration, say reports from Russian Press Agency RIA Novosti. Russia’s First Deputy Prime Minister Sergei Ivanov called the government’s nanotechnology investment "very significant,” adding, "We are on the threshold of a real nano revolution, capable of overturning all our ideas on life.”

Russia Commits “Significant Resources” to Nano Research Through 2015

Russia’s First Deputy Prime Minister Sergei Ivanov called the government’s nanotechnology investment "very significant,


Ivanov, who also served as Russia’s Minister of defense from March 2001 - February 2007, said. “For an innovative path of Russia's advancement, the development and use of nanotechnology provides real opportunities to create a modern economy, raise the nation's standards of living, and ensure the proper security for the country."

Ivanov, will chair the new Russian state council for nanotechnology also signaled his intention to recruit further nanotechnology investments from private companies. "This is just the state contribution. I think the business community will not remain separate from this process," he said. His new council will “ensure interaction between government, business, and scientists in the implementation of state policy in nanotechnology and the nano-industry,” RIA Novosti said.

Russian President Vladimir Putin highlighted high-tech industries in his state of the nation address in April, saying nanotechnology research, which promises advances in medicine, space research, telecommunications, and weapons production, should receive priority funding.

In part, President Putin said: "The government should provide the necessary funding to arrange this work in terms of technical equipment, staff, and organizational support."