Central regions | Finance, business | Technology & innovation

Kaluga and Rusnano InfraFund to jointly spur demand for nano

9 Apr '13
The Kaluga region in Central Russia has pooled its efforts with the Rusnano InfraFund in a program aimed at spurring demand for nanotech products in the region, announced Rusnano, Russias largest nanotech company that has set up the InfraFund.

The program reportedly calls for measures that would stimulate the use of innovation products (including nanotech) by agencies responsible for regional government procurement programs. Under plans, such products must account for up to 10% of government orders for new goods and services.

By 2016, the Kaluga region wants to increase its nanotech production capacity to be able to market more than $230m worth of products a year.
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