Fund for Infrastructure and Educational Programs "RUSNANO" signed with Stavropol investment agreement on the construction of the Southern Nanotechnology Center.
The total cost of the project exceeds 1.3 billion, of which more than 800 million rubles will fund investments. As co-investors and co-founders are the two stavropolskih Gupalo — "Management Company of the investment and innovation development" and "guarantee fund to support small and medium-sized enterprises", as well as Research and Production Concern of "ESKOM".
Created nanotcenter will focus on several areas: nanomaterials, nanobiotechnology and nanoelectronics. It is planned that the building nanotechnology center in St Michael's will be put into operation in 2014.