NANOMALAYSIA EYES RUSNANO TIE-UP
Collaboration with Russian firm to create investment platform will help local products to penetrate European market
KUALA LUMPUR
NANOMALAYSIA Bhd plans to create an investment platform with Rusnano Capital LLC, Russia’s largest technology investor, by year-end.
Rusnano is a joint stock company responsible for building competitive nanotechnology in Russia.
NanoMalaysia chief executive officer Dr Rezal Khairi Ahmad said the collaboration with Rusnano in setting up an investment platform for nanotechnology businesses would enable nanotechnology products manufactured in Malaysia to penetrate the European market.
“This partnership is also expected to be a catalyst for multilateral trade ventures between European and Asean countries,” he said in a statement.
“NanoMalaysia’s designated partner for this blueprint project may be Rusnano Capital.”
The investment platform is to fund viable nanotechnology businesses with significant economic return potential, but the amount of funding has yet to be disclosed.
Rezal said the nanotechnology industry was forecast to create a more than US$1 trillion (RM4.27 trillion) global market by 2020.
“Hence, this investment platform would provide support for Malaysia’s industries to become a global nanotechnology player,” he added.
Bernama