Presentation by Prof. Sergey Kalyuzhnyi, Head of Department of Scientific & Technical Expertise, Member of the Executive Board during the meeting with Natural Publishing Group national branches editors on 30th May.

1. RUSNANO as a promoter of Russian
nanoindustry development
Prof. Sergey Kalyuzhnyi, Head of Department of Scientific &
Technical Expertise, Member of the Executive Board

2. RUSNANO: facts and figures
Established in March 2011 through reorganization of state corporation
Russian Corporation of Nanotechnologies
JSC Rusnano - fabrication of nanoproducts
Russian Corporation
of Nanotechnologies
Non-profit foundation - infrastructure,
education, etc.
2007 – 2010 2011 -2015 2016 - …
Mission: to implement the state policy in the field of nanotechnology
Application task: commercialization of nanotechnology projects,
modernization of Russian industry, “smart jobs” creation
Russian Federation’s asset contributions in RUSNANO: $ 4.6 bln
State guaranteed debt financing (bonds issuance): $ 5.7 bln
Visit to Germany, May 2011 Sergey Kalyuzhnyi 2

3. Nanoindustry development
Legal basis
development
Standardization/
Infrastructure certification
Motivation
to research
NANOINDUSTRY
Popularization Education
Motivation to
Motivation be technically
to invest competent
Investment
projects
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4. Innovations in Russia
Investment block Target research
Russian Venture Company (RVC) Federal Target Program
Bank for Development and Foreign Russian Academy of Science
Economic Affairs (Vnesheconombank) etc.
RUSNANO Kurchatov’s Institute (Scientific
Investment fund of the Russian coordinator of nanotechnological
Federation, etc. network)
Government regulation Business education
system development
Special Economic Zones
Ministry of Science&Education
Skolkovo
Presidential Academy of National
Priority areas, etc. Economy and Public Administration
RUSNANO
RUSNANO serves as the base institute of the innovation
pipelines in the field of nanoindustry development
Meeting with Scientific American representatives, May 2011 Sergey Kalyuzhnyi

5. Project development: RUSNANO investment
cash flow
seed early
start-up test sales expansion mezzanine IPO
stage growth
time
Death valley
Russian Bank for
Vnesheconombank
Development
grants RUSNANO
RVC Seed Fund Russian Venture Company
“Bortnik Fund”,
program START
Visit to Germany, May 2011 Sergey Kalyuzhnyi

6. Support for co-investors: advantages and benefits
Financial support Non-financial support
Infrastructure:
Corporate: Equipment as service,
RUSNANO’s minority start-up incubation
share in all projects
Technical and investment
expertise
Credit:
at the pre-design stage;
Long-term and
Certification and foresight
comparatively cheap
money. Guarantee for
Management:
loans
Scheduled work with the project
company, assistance in marketing
Friendly exit strategy:
controlling the disposal of
RUSNANO is not a VC
investment in the interests of all
fund
shareholders
Requirement: (part of) business location in Russia
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7. RUSNANO’s key services in financing
n RUSNANO stake in a project company does not exceed
Equity 50% - 1 share
Financing n Upon decision of the Supervisory Council at RUSNANO
(exceptional cases) does not exceed 75% - 1 share
Project
Financing n Provision for a loan or a loan guarantee on preferential
terms
Debt
n Use of various forms of debt to finance project company
Instruments operations (bonds, convertible bonds)
n Leasing operations
n State and private institutions
n Individual investors
Co-investment Engagement
n Financial institutions
n Private equity and venture funds
n M&A with a strategic investor
n IPO
Provision of a Favorable Exit
n Management/other stakeholders buyout and other
strategies
Investment Period Up to 10 years (usually 4-6 years)
Meeting with Scientific American representatives, May 2011 Sergey Kalyuzhnyi 7

8. Mechanism of RUSNANO projects development
Open window mechanism
Investigation of industry
expectations Proposal
RUSNANO-RAS
Analysis of RUSNANO
technology transfer center Preliminary expertise projects
Analysis of world
experience
Technical and scientific
Analysis of current
Potential expertise, control technological trends
measurement, worksite
Internal scientific and
expertise, market technological experts incl.
risks research, patent experts working abroad
expertise, due dilligence
Committee of the
Scientific Council
investment policy
Executive Board
Supervisory Board < < Advisory Board
Board of directors
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9. RUSNANO expertise: statistic data
Total proposals=1976
S&T expertises held: 947
Rejected at early stage: 238
Internal expertises: 616 (rejected: 220)
Panel discussions: 56
Recommended for further consideration: 411
At expertise or revision stage: 185
Analyzed by the Scientific Council: 249
Recommended for further consideration: 232
Rejected: 18
Supervisory Board <
Approved by the Board of Directors: 111* <
*including infrastructure projects
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10. RUSNANO S & T experts by field
by field (%, total 636) 5 3
physics 30
17
material science
biology and medicine
energy efficiency
measurement methods 19 12
other 26
11 57
5 12
by geography : 7 by geography :
24
international experts (total 95) Russian experts (total 541)
9 15
Moscow district 310
US SPb district
29
Germany Novosibirsk
42
Israel Kazan
France Ekaterinburg
other 5 Tomsk 120
47
6 27
13 other
10 16
11
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11. Priority areas of Russian Nanotechnology
q Molecular/clinical q Energy production
Diagnostics q Energy usage
q Therapy q Energy storage
q Surgery q Energy transfer
Medicine & Energy
Pharmaceut efficiency &
icals Clean Tech.
Coatings &
surface Optics &
modificatio Electronics
n
q Physical methods
q Chemical methods q Optoelectronics
q Electrochemical Nanomater q Microelectronics
methods ials q Supply/microwave
q Traditional coatings electronics
q Metals and alloys
q Ceramic materials
q Semiconductors
q Carbon materials
q Plastic materials
q Composite materials
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12. RUSNANO projects by field
nanomaterials
optics and electronics
medicine and pharmacology
energy efficiency
coatings/surface modification 12
other 10
57
11
4 2
14 5 12
9 7 24
3
9 15 20
8 9
under financing approved by the approved by the Scientific council,
(total 47) Board of Directors, pending for further consideration
pending for financing (total 131)
(total 50)
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13. RUSNANO: key goal – portfolio company sales growth
Sales Targets of Russian Nano-Enabled Products
30,0
Total sales of Russian
nano-enabled
products
19,3
Sales of
15,7 companies financed
by RUSNANO
11,3
10,0
8,0
6,5
4,7
2,4 3,9
0,5 1,7
0,03 0,8
2008 2009 2010 2011 2012 2013 2014 2015
bln. $
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14. RUSNANO investment projects by geography
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15. Thank you for attention!
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