RUSNANO Supervisory Board approved the participation of VTB in Russia's venture capital fund to be established jointly with the International Fund with the participation of VTB Group and the company Draper Fisher Jurvetson (DFJ).

initiators of the project were and DFJ VTB Group, the total size of the family assets in the first phase will amount to $ 100 million, of which $ 50 million invest RUSNANO, and$ 50 million - VTB.

Funds will be engaged in nanotechnology development in Russia and abroad, as well as the involvement of international and Russian co-investors in innovative industrial projects.

VTB Capital, Investment Business, VTB Group, and DFJ will act as managing partners. The objectives of VTB Capital, will include the initiation, evaluation and coordination of the primary objects of investing in Russia, the strategic management of projects.

challenges for the international fund DFJ-VTB Aurora will include attracting foreign investment and nanotechnology in Russia's market and adapting Russian technology in foreign markets in accordance with international standards.

RUSNANO and VTB acted as strategic investors in the project, a will also monitor and review the project company.

This project is an important step in promoting international cooperation in the field of nanotechnology. Establish a fund will be used in Russia, international best practice and attract new resources, - said the President of VTB Capital, Yuri Soloviev.

The new funds will invest in Russia's high-tech company. In addition to attracting investment in the newly created Enterprise Fund intend to develop cooperation with major players in the market venture capital investments, - added managing director of fund created by Alexander Johnson.
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