The corporation's functions will include interaction between government, business, and scientists on the implementation of state policy in nanotechnology and the nano-industry, and organizational and financial assistance to programs and selection of nanotech projects.
First Deputy Prime Minister Sergei Ivanov, who is in charge of high-technology development, said in June the government would allocate 200 billion rubles ($7.7 billion) to develop nanotechnology until 2015.
The government said earlier it has set up a state council for nanotechnology, to be chaired by Ivanov.
Russian President Vladimir Putin highlighted high-tech industries in his state of the nation address in April, saying nanotechnology research, which promises advances in medicine, space research, telecommunications, and weapons production, should receive priority funding.
"The government should provide the necessary funding to arrange this work in terms of technical equipment, staff and organizational support," Putin said.
The council on nanotechnology, a promising science that works with particles smaller than one micrometer and which has so far been mainly confined to the laboratory, will make assessments and recommendations on the development and practical implementation of scientific achievements in nanotechnology, promote the nano-industry and establish a market for nano-products and services.
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Vladimir Putin Meets with Members of the Valdai International Discussion Club. Transcript of the Final Plenary Session
Vladimir Putin took part in the final plenary session of the Valdai International Discussion Club’s 11th meeting. The plenary session summed up the club’s work over the previous three days, which concentrated on analysing the factors eroding the current system of institutions and norms of international law.