Rusnano Capital, the Russian government-owned nanotechnology investment company, and international technology investment group I2BF Global Ventures have announced the launch of the I2BF-RNC Strategic Resources Fund to invest in later-stage nanotechnology companies. The seven-year fund launches with a $53m commitment from its LPs with a target fund size of $150m. Its remit will be to invest in international nanotechnology that has applications of value within the Russian Federation, with a focus on the resource sector as well as water and agriculture.
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