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Russian and China are Launching a Joint Scientific and Technology Innovation Fund
17.06.2019 09:56
Russian and China are Launching a Joint Scientific and Technology Innovation Fund
(Source: https://politobzor.net/uploads/posts/2018-10/1538653297_w1056h594fill.jpg)

The Russian Direct Investment Fund (RDIF) and China Investment Corporation are launching a joint scientific and technology innovation fund, according to “Vedomosti”.

      The fund will invest in projects in the fields of artificial technologies, innovative materials and space technologies. The capital of the fund will amount to one billion dollars; the parties will invest in it equally. Both Russian and Chinese companies will be able to apply for investments, whereas the requirements for projects have not yet been specified. As the representative of RDIF noted, investments in such projects will help to transfer technologies between Russia and China, thereby increasing their chances for commercial success.

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Author: Anna Dorozhkina

Tags: Russian economy Russian business    

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