Wednesday, July 18, 2007

SigEx Ventures : Russia makes its first steps in nanotechnology
by Corina Ciubotaru


In recent times, Russia has apparently set a goal for itself to become once again a leader the scientific world. The IT industry has grown rapidly to around $1.5 billion in 2006 and it’s reached 1.5% of GDP, but it still has a long way to go before it can compare itself to IT leaders like the US, India or Ireland. And since this business has developed mainly by itself, it is now time for Russia as a state to set its sights on other areas of science it can develop. After being the first nation to send a man into space, today’s Russians want to return to greatness by heavily investing in nanotechnology research labs. Vladimir Putin intends to set up a state corporation worth $5 billion to implement state policy in the field. It will be under the umbrella of First Deputy Prime Minister Sergei Ivanov, who oversees industrial development projects in Russia and is likely to become the next president of the country. Putin acknowledged nanotechnology as a priority industry in April, in his yearly address to the nation. Though Russians are aware of the importance of foreign investment in developing sectors, the actual investors don’t seem all that interested. Suspicions of political favors appear in each of these attempts to develop Russian industry, and sometimes for good reason. With a good educational system and highly trained scientists, the country stands a fighting chance in the nanotech war, but it will all come down to how accurately the billions will reach their intended destinations.
by Corina Ciubotaru
for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

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