NanoMalaysia to establish investment platform
Published on: Thursday, June 08, 2017
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Kuala Lumpur: NanoMalaysia Bhd plans to create an investment platform with Russia's largest technology investor, Rusnano Capital LLC, by year-end.Rusnano is Russia's joint stock company, responsible for building competitive nanotechnology in the country by using the capacities of Russian science and transfer of advanced foreign technologies.

NanoMalaysia Chief Executive Officer Dr Rezal Khairi Ahmad said through the collaboration with the Russian company in setting up an investment platform for nanotechnology businesses, Malaysia's manufactured nanotechnology products will be able to penetrate the European market.

"This partnership is also expected to be the catalyst for multilateral trade between European and Asean countries.

NanoMalaysia's designated partner for this blueprint project may be Rusnano Capital," he said in a statement.

The investment platform is to fund viable nanotechnology businesses with significant economic returns potential, but the amount of funding has yet to be disclosed.

Rezal said the Nanotechnology industry is forecast to create a more than US$1 trillion global market by 2020.

"Hence, this investment platform will provide support to Malaysia's industries to be the global player of nanotechnology," he added. – Bernama


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