Signing of documents for establishment of the Russian-Kazakhstan Nanotechnology Fund
21 December 2011
PRESS RELEASE
21 December 2011
Astana city
Signing of documents for establishment of the Russian-Kazakhstan Nanotechnology Fund
On 21 December 2011 in Astana city (Republic of Kazakhstan) RUSNANO, Kazyna Capital Management (Republic of Kazakhstan), VTB Capital and I2BF Global Ventures announced the signing of documents establishing the Russian-Kazakhstan Nanotechnology Fund. The ceremony was attended by Isekeshev A.O. – Deputy Prime Minister of the Republic of Kazakhstan, Minister of Industry and New Technologies of the Republic of Kazakhstan
Fund is established by the order of the Heads of two countries. According to agreements reached by Nursultan Nazarbayev and Dmitry Medvedev both countries are involved in mutual innovation development resulting in establishment of the mutual nanotechnology fund under such agreements.
The agreement of intent to establish the Fund was signed by representatives of RUSNANO, Kazyna Capital Management, VTB Capital and I2BF Global Ventures on 6 October 2010 in Moscow city under VTB Capital’s Investment Forum “Russia Calling!”.
Fund will have a USD 100 million target size. RUSNANO and Kazyna Capital Management will serve as anchor investors. VTB Capital and I2BF Global Ventures will attract USD 50-100 million of additional funds from private investors. Fund will invest in projects within Russia and Kazakhstan on a parity basis and will be focused on promotion of development and implementation of nanotechnology in the economies of both countries, ensuring transfer of advanced technologies, development of innovative activity of private equity. Offices of the Russian-Kazakhstan Nanotechnology Fund will be opened in Almaty and Moscow cities. With 10 years of its life the Fund will invest in such sectors as energy production, including alternative energy sources, oil and gas sector, telecommunications, biotechnology, electronics, environmental technology. Fund will have 5 years of average participation in projects.
Innovators have obtained one more opportunity to implement their projects from establishment of the nanotechnology fund.
Abay Alpamyssov, Chairman of the Management Board of Kazyna Capital Management, in connection with opening of the Fund said: “Establishment of the Fund aimed at investing in nanotechnology projects is best matched to the goals of the state program on forced industrial-innovative development of Kazakhstan which is extensively implemented in the country at present. Activities of the mutual fund are based on international best practice of venture business management and will give impetus to the development of Kazakh and Russian innovation projects”.
Dmitry Pimkin, RUSNANO’s Managing Director, noted: “Establishment of international investment funds is among strategic business areas of the Company. Launch of the Russian-Kazakh venture fund actually opens a new page of cooperation between our countries. Now our mutual investments will be routed not only to traditional commodity projects but also to the hi-tech sector”.
Aydar Kaliyev, Head of Venture at VTB Capital, said: “We believe that the Fund is a precedent. For the first time ever in the CIS history a venture fund is established focused on investing in advanced technologies within two partner countries. This initiative is even more of immediate interest in the context of energetic efforts applied by the governments of Russia and Kazakhstan to launch the Common Economic Space. In turn, VTB Capital is excited to offer its accumulated experience and global platform to ensure effective implementation of venture projects”.
Ilya Golubovich, Managing Director of I2BF Global Ventures, said: “It is the time to use financial resources of our countries for recovery of scientific-technical and production base of modern industry, serving the energy sector, metallurgy, transportation, utilities and other major economic sectors in Kazakhstan, Russia and their neighbor CIS countries. With this aim in view, we and our Kazakh partners must use unique opportunities of access to the latest technology from EU, Japan, Korea, Southeast Asia and other advanced countries. Our goal is to upgrade or build on this basis high-tech enterprises with their own research centers which will not only bring profit to investors but also will pave the way for our countries to the post-industrial economy”.
Kazyna Capital Management JSC (KCM) was established in May 2007 with the mission to promote and develop an efficient private equity market in Kazakhstan. KCM is aimed to attract foreign equity to the Kazakh economy for establishment of private equity funds being the source of financing for Kazakh companies. KCM promotes the development of private equity market and introduction of the best international asset management practice in Kazakhstan.
KCM is a wholly-owned subsidiary of Welfare National Fund Samruk-Kazyna JSC. In 2011, KCM’s shares were transferred to the trust management of the Ministry of Industry and New Technologies.
www.kcm-kazyna.kz
RUSNANO was established in March 2011 as an open joint-stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies. www.rusnano.com.
VTB Capital, the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 184 ECM and DCM deals, which were instrumental in attracting more than USD 88bn worth of investments to Russia and CIS.
VTB Capital offers a full range of investment banking products and services, focusing on arranging operations in the debt, equity, global commodities markets, developing investment and asset management, advising clients on M&A and ECM deals in Russia and abroad.
League tables for the first 9 months of 2011 show VTB Capital as #1 Eurobond bookrunner in Russia and CIS by Dealogic and Thomson Reuters, #1 Ruble bond bookrunner in Russia by Dealogic and Bloomberg, #1 Equity Bookrunner in Russia and the CIS by Dealogic and Bloomberg and #1 by M&A deals value by Thomson Reuters. In 2011 VTB Capital research team was ranked #1 in Thomson Reuters Extel Survey and Institutional Investor All-Russia Investor Survey, www.vtbcapital.com.
I2BF Holdings is the international group of asset management involved in venture financing and hedge fund management in the markets of USA, Europe and Asia. Established in 2005, I2BF is a diversified investment group focusing on high-tech industries. I2BF has over USD 100 million in assets under management. The Group runs an over USD 80 million venture fund as well as a hedge fund which was nominated for EuroHedge Awards 2009 as "Best New Hedge Fund of the Year", www.i2bf.com.
21 December 2011
Astana city
Signing of documents for establishment of the Russian-Kazakhstan Nanotechnology Fund
On 21 December 2011 in Astana city (Republic of Kazakhstan) RUSNANO, Kazyna Capital Management (Republic of Kazakhstan), VTB Capital and I2BF Global Ventures announced the signing of documents establishing the Russian-Kazakhstan Nanotechnology Fund. The ceremony was attended by Isekeshev A.O. – Deputy Prime Minister of the Republic of Kazakhstan, Minister of Industry and New Technologies of the Republic of Kazakhstan
Fund is established by the order of the Heads of two countries. According to agreements reached by Nursultan Nazarbayev and Dmitry Medvedev both countries are involved in mutual innovation development resulting in establishment of the mutual nanotechnology fund under such agreements.
The agreement of intent to establish the Fund was signed by representatives of RUSNANO, Kazyna Capital Management, VTB Capital and I2BF Global Ventures on 6 October 2010 in Moscow city under VTB Capital’s Investment Forum “Russia Calling!”.
Fund will have a USD 100 million target size. RUSNANO and Kazyna Capital Management will serve as anchor investors. VTB Capital and I2BF Global Ventures will attract USD 50-100 million of additional funds from private investors. Fund will invest in projects within Russia and Kazakhstan on a parity basis and will be focused on promotion of development and implementation of nanotechnology in the economies of both countries, ensuring transfer of advanced technologies, development of innovative activity of private equity. Offices of the Russian-Kazakhstan Nanotechnology Fund will be opened in Almaty and Moscow cities. With 10 years of its life the Fund will invest in such sectors as energy production, including alternative energy sources, oil and gas sector, telecommunications, biotechnology, electronics, environmental technology. Fund will have 5 years of average participation in projects.
Innovators have obtained one more opportunity to implement their projects from establishment of the nanotechnology fund.
Abay Alpamyssov, Chairman of the Management Board of Kazyna Capital Management, in connection with opening of the Fund said: “Establishment of the Fund aimed at investing in nanotechnology projects is best matched to the goals of the state program on forced industrial-innovative development of Kazakhstan which is extensively implemented in the country at present. Activities of the mutual fund are based on international best practice of venture business management and will give impetus to the development of Kazakh and Russian innovation projects”.
Dmitry Pimkin, RUSNANO’s Managing Director, noted: “Establishment of international investment funds is among strategic business areas of the Company. Launch of the Russian-Kazakh venture fund actually opens a new page of cooperation between our countries. Now our mutual investments will be routed not only to traditional commodity projects but also to the hi-tech sector”.
Aydar Kaliyev, Head of Venture at VTB Capital, said: “We believe that the Fund is a precedent. For the first time ever in the CIS history a venture fund is established focused on investing in advanced technologies within two partner countries. This initiative is even more of immediate interest in the context of energetic efforts applied by the governments of Russia and Kazakhstan to launch the Common Economic Space. In turn, VTB Capital is excited to offer its accumulated experience and global platform to ensure effective implementation of venture projects”.
Ilya Golubovich, Managing Director of I2BF Global Ventures, said: “It is the time to use financial resources of our countries for recovery of scientific-technical and production base of modern industry, serving the energy sector, metallurgy, transportation, utilities and other major economic sectors in Kazakhstan, Russia and their neighbor CIS countries. With this aim in view, we and our Kazakh partners must use unique opportunities of access to the latest technology from EU, Japan, Korea, Southeast Asia and other advanced countries. Our goal is to upgrade or build on this basis high-tech enterprises with their own research centers which will not only bring profit to investors but also will pave the way for our countries to the post-industrial economy”.
Kazyna Capital Management JSC (KCM) was established in May 2007 with the mission to promote and develop an efficient private equity market in Kazakhstan. KCM is aimed to attract foreign equity to the Kazakh economy for establishment of private equity funds being the source of financing for Kazakh companies. KCM promotes the development of private equity market and introduction of the best international asset management practice in Kazakhstan.
KCM is a wholly-owned subsidiary of Welfare National Fund Samruk-Kazyna JSC. In 2011, KCM’s shares were transferred to the trust management of the Ministry of Industry and New Technologies.
www.kcm-kazyna.kz
RUSNANO was established in March 2011 as an open joint-stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies. www.rusnano.com.
VTB Capital, the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 184 ECM and DCM deals, which were instrumental in attracting more than USD 88bn worth of investments to Russia and CIS.
VTB Capital offers a full range of investment banking products and services, focusing on arranging operations in the debt, equity, global commodities markets, developing investment and asset management, advising clients on M&A and ECM deals in Russia and abroad.
League tables for the first 9 months of 2011 show VTB Capital as #1 Eurobond bookrunner in Russia and CIS by Dealogic and Thomson Reuters, #1 Ruble bond bookrunner in Russia by Dealogic and Bloomberg, #1 Equity Bookrunner in Russia and the CIS by Dealogic and Bloomberg and #1 by M&A deals value by Thomson Reuters. In 2011 VTB Capital research team was ranked #1 in Thomson Reuters Extel Survey and Institutional Investor All-Russia Investor Survey, www.vtbcapital.com.
I2BF Holdings is the international group of asset management involved in venture financing and hedge fund management in the markets of USA, Europe and Asia. Established in 2005, I2BF is a diversified investment group focusing on high-tech industries. I2BF has over USD 100 million in assets under management. The Group runs an over USD 80 million venture fund as well as a hedge fund which was nominated for EuroHedge Awards 2009 as "Best New Hedge Fund of the Year", www.i2bf.com.
