Another Russian Silicon Valley takes shape outside St. Pete; U.S. reported as interested | Volga, Real estate MarchmontNews.com

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Another Russian “Silicon Valley” takes shape outside St. Pete; U.S. reported as “interested”

11 Feb '13
The North-West Nanotech Center, touted as another Russian analog of Silicon Valley, is being built in Gatchina, in the Leningrad region some 50 kilometers south-west of St. Petersburg, SmartNews reports. Of a total reported $40m price tag, Rusnano InfraFund, a fund set up by Russia’s nanotech giant, Rusnano, to finance infrastructure projects, and the Leningrad region are said to have jointly co-invested the lion’s share (about $35m).

The project with an estimated payback period of four-to-five years calls for construction of a complex that would include two technical buildings and an office building, covering an area of about 1,000 square meters next to the Gatchina-based Konstantinov St. Petersburg Institute of Nuclear Physics.

The future Center is expected to partner with the leading scientific and research organizations in St. Petersburg and the surrounding Leningrad region, including St. Petersburg State University of IT, Mechanics and Optics (ITMO) and the Konstantinov St. Petersburg Institute of Nuclear Physics. The latter is opening in the next few years its own nuclear medicine complex; three accelerators that are to be part of the complex’s equipment will be used in treating brain and eyesight disorders, and various cancers.

Word came earlier this year that the Nanotech Center project has aroused international interest. At a recent meeting between Dmitry Yalov, the vice-governor of the Leningrad region, and Bruce Turner, the US Consul General in St. Petersburg, the parties reportedly discussed options for cooperation in the growing project.