Anatoly Chubais, a CEO of the Russian State Venture Fund RUSNANO, seeks cooperation with the Silicon Valley Russian Community through AmBAR.
Press Release
Anatoly Chubais, a CEO of the Russian State Venture Fund RUSNANO, seeks cooperation with the Silicon Valley Russian Community through AmBAR.
For immediate release.
Stanford University, Palo Alto, CA, May 6, 2009. Anatoly Chubais, CEO of RUSANO, $5B Russian State Corporation of Nanotechnologies, unveiled his company plans for engaging the Russian expatriate community in helping his company to make Russia one of the leading centers in the field of nanotechnology.
In an exclusive AmBAR event, Mr. Chubais spoke of old challenges and new opportunities facing his corporation, as well as delivering a heart-felt message of cooperation to a crowd of some 350+ Russian-speaking executives.
The AmBAR event at Stanford was the first of its kind where the top Russian high-tech officials met face-to-face with the Silicon Valley community and its Russian contingent of the Google/PayPal/Parallels would be entrepreneurs.
"The AmBAR evening at Stanford has exceeded our expectations on many levels - the number of people, the scale of executive participation, the level of interest in RUSNANO and the desire to continue the dialogue. We are particularly moved by the genuine concern of the Russian-speaking expatriates about the future of Russia and their readiness to participate in making Russia one of the leading technologically innovative countries. We look forward to working with AmBAR and its members," said Anatoly Chubais, CEO of Rusnano.
While the AmBAR members, as well as the AmBAR extended community, had a lot of legal, taxation, infrastructure, and logistics concerns, their overall enthusiasm and support for RUSNANO initiatives was clear.
"The overwhelming response to Mr. Chubais' visit is an indication of the strong ties the AmBAR community continues to feel towards Russia. There is a great deal of enthusiasm about Russia's plans to fully realize its high tech potential and become a power house of innovative technologies. Many participants felt that the AmBAR evening at Stanford was the eve of something special. The AmBAR members are looking forward to assisting RUSNANO in their goal to reach out to the Russian high tech community in the United States and start building bridges for further cooperation," said Anna Dvornikova, President of AmBAR.
For more information about AmBAR, please visit www.ambarclub.org
For more information about RUSNANO, please visit www.rusnano.com
About Anatoly Chubais
Anatoly Chubais is a CEO of RUSNANO, a $5B Russian Nanotechnology Venture Capital Corporation and a member of the Advisory Council for JP Morgan Chase.
Previously, Mr. Chubais was an influential member of the Boris Yeltsin's administration, and the head of the state-owned electrical power monopoly Unified Energy System. The 2004 survey by Price Waterhouse Coopers and Lybrand Financial Times named him the world's 54th most respected business leader.
Throughout the 1980s, Mr. Chubais served as a center of gravity for a circle of reform-minded and democratic economists in Leningrad, now St. Petersburg. In 1987, he founded the "Perestroika" club.
In 1990s, Mr. Chubais played a central role in Russia's transformation from a Soviet to market-based economy. In November 1991, he became chairman of the State Property Committee of the Russian Federation. From this post, he supported "shock therapy" for the Russian financial system and was one of the strongest advocates for privatization in the post-Soviet government. From November 1994 to January 1996, Mr. Chubais served as First Deputy Chairman of the Russian Government in Charge of Economy and Finance.
Originally from Belarus, Mr. Chubais is a graduate of the Leningrad Institute of Economics and Engineering with a degree in economics.
About RUSNANO
The Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law № 139-FZ to enable Government policy in the field of Nanotechnology.
To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector.
RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nano science and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term foresight created by the leading Russian and world experts.
To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.
About AmBAR
AmBAR is Silicon Valley-based non-profit association of high-tech entrepreneurs, venture capitalists, engineers, lawyers and other business professionals. Started as an organization of technology-minded expatriates from Russia, Ukraine and other FSU countries, AmBAR has grown into a large professional network to include innovators and entrepreneurs of all origin exchanging ideas and business contacts. Today AmBAR's membership base is well over 2,500 business professionals.
AmBAR's mission is to facilitate the exchange of ideas and business contacts among technology entrepreneurs, business professionals, and investors. AmBAR is dedicated to accelerating access to capital for innovative projects and developing technology partnerships between the FSU countries and the United States. AmBAR also provides educational programs, seminars and conferences that help entrepreneurs to refine their business plans, advance their product development and marketing efforts.
Contact Information:
Anna Dvornikova
President, AmBAR
555 Bryant Street, Suite 161
Palo Alto, CA 94301, USA
Tel (650) 278-0431
