What is "rusnano"

Rusnano ( Russian: Роснано) (formerly Russian Corporation of Nanotechnologies) is a government-owned joint-stock company created as a Private Equity and Venture Capital Vehicle by the government of Russia and aimed at commercializing developments in nanotechnology. Rusnano's task is to create by 2015 a nano-industry in the country that will make marketable products worth 900 billion rubles ($29 billion). In April 2012 they invested US $79m in Quantenna Communications, a manufacturer of semiconductors for wireless networks and devices. According to a press release issued by Rusnano, this investment will leverage synergies between Quantenna's portfolio and a number of nanotechnology initiatives that are under way at RUSNANO.