A consortium of investors led by the Russian state invests $700m in Plastic Logic as competition for innovative companies takes on geo-political overtures as countries try to emerge from the credit crunch or maintain economic growth rates.
The Russian Corporation of Nanotechnologies (Rusnano) has fought off a $200m bid by the Beijing city authorities to make one of the world’s largest venture capital investments in Plastic Logic, a US-based maker of semiconductors based on plastics rather than traditional silicon and backed by a host of the world’s largest companies.
The commitment by a consortium of investors led by the Russian state to invest $700m in Plastic Logic comes as competition for innovative companies takes on geo-political…
