ROSATOM and Russian Venture Company JSC (RVC) signed a cooperation agreement with the view of joint generation and promotion of hi-tech and innovation solutions developed based on the sci-tech and infrastructure basis of ROSATOM’s companies.
The document was signed at NDExpo-2017 Forum by Kirill Komarov, First Deputy CEO for Corporate Development and International Business of ROSATOM and Alexander Povalko, Director General of RVC.
The Agreement objective is to stimulate and support new projects and innovation potential development of ROSATOM’s companies. ROSATOM today is a global technology corporation with a wide range of competences that may provide for innovation development and steady position on new foreign hi-tech markets. Rosatom as a participant of the National Technology Initiative (NTI) may provide projects implemented within NTI road maps. Rosatom’s strategic areas of technology development today include power, nuclear medicine and radiation technologies, additive technologies, artificial intelligence and robotic engineering, desalination, water treatment, water purification, and back-end technologies.
Kirill Komarov said that “joint efforts will bring about the multiplicity effect of new technologies and products, and finally ensure the leadership of Russian companies on the global market”.
ROSATOM and RVC have planned on joint activities in monitoring, identification and selection of the forms of support for technology solutions with a high development potential on Russian and global markets. Main cooperation areas include the development of innovation infrastructure and clear mechanism of project financing. ROSATOM and RVC, being partners, are going to joint their efforts to prepare offers to improve and update the government regulation in the innovation area with the purpose of creating favorable environment for hi-tech businesses. The cooperation also includes holding joint events to foster the development of scientific, technological and commercial potential of ROSATOM’s companies.
Rosatom (Rosatom State Atomic Energy Corporation) is a diversified holding company and a leader on the global nuclear market. Rosatom possesses assets in nuclear power, uranium mining and nuclear fuel manufacturing, NPP design and construction, power engineering. Rosatom is the major Russian generator that produced 196.37 bln KWh in 2016 (which is 18.3% of the total national generation). Rosatom is the leader on the global market of nuclear technologies, having the greatest number of NPPs under simultaneous construction abroad (34 units in 12 countries) and the second largest uranium reserves in the world while ranking fourth in uranium production. Rosatom’s share on the global market of uranium enrichment is 36% and its share on the nuclear fuel market is 17%. Rosatom’s business includes equipment manufacturing and isotope products for nuclear medicine, scientific researches (4.5% of the total revenue is spent for the latter), various nuclear and non-nuclear innovation products. Rosatom’s strategy implies the development of clean energy projects including wind power. Rosatom comprises about 350 enterprises and companies including nuclear defense facilities and the world’s only nuclear fleet. Rosatom has been assigned with the task to pursue the national policy in the nuclear power sector and related to the international commitments of the Russian Federation in the peaceful uses of nuclear power and non-proliferation regime.
RVC is the Russian government’s fund of funds and the development institute of the Russian Federation. RVC acts as a project office of the National Technology Initiative (NTI). The main objective of the company includes stimulation of Russian venture industry. RVC’s authorized capital is over 30 bln. rubles. 100% of the company capital belongs to the Russian Federation represented by the Federal Agency for State Property Management (Rosimushchestvo). In general, RVC has set up 22 funds totally amounting to 33 bln. rubles. RVC’s share is 20.4 bln. rubles. The number of investors approved by RVC funds for investment is 203. The total investment amount is 17.7 bln. rubles.