The Russian Nanotechnologies Corporation (RUSNANO) announced a tender on Wednesday to select a managing company to establish a Russian-Israeli investment fund worth $100 million, a RUSNANO official said.
"Tender bids will be collected from October 15, 2010. And its results should be ready by October 30," the official told RIA Novosti.
The government hopes the fund will assist foreign technology transfer and will help increase the number of Israeli technology-based investment projects which assume localization of production in Russia, the corporation said in a statement on its official website.
RUSNANO will contribute 50 percent of the fund's cash. The rest of the financing will be raised by the managing company selected during the tender. The total fund size may be extended to $200 million, the corporation said. The additional commitment will also be split 50/50 between RUSNANO and other investors.
MOSCOW, September 15 (RIA Novosti)
