Battelle-backed 360ip links with Russia and Singapore state funds for nanotechnology fund in Asia.
Industrial research conglomerate Battelle, through its Singapore-based 360ip intellectual property corporate venturing unit, has joined up with the Russian state to develop nanotechnology projects.
The Russian Corporation of Nanotechnologies (Rusnano), a $5bn state-backed venture capital company, and 360ip have agreed to invest $50m each in an Asian Nanotechnology Fund, while Singapore’s Economic Development Board (EDB) is providing $20m in grants for local businesses.
At least half the Asian fund will invest in Russia-based projects.
Glenn Kline, executive president of 360ip,…
