OREANDA-NEWS. September 15, 2010. A senior level delegation from the RUSNANO Corporation led by their Deputy Director General, Mr. Alexander Losyukov, visited Toronto, Canada beginning Tuesday, September 7th until Friday, September 9th 2010.

During their visit, the delegation took part in in-depth discussions with the officials of Ontario Ministry of Research and Innvoation (OMRI), Ontario Ministry of Economic Development and Trade (OMEDT), Export Development Canada (EDC), Canadian Venture Capital Association (CVCA) and venture fund managers of John Varghese’s VentureLink Partners group. One of the topics discussed is to establish an International Canada-Russia Venture Fund for Nanotechnology Development co-founded by RUSNANO and Canadian co-investors to operate both in Canada and in Russia. The Fund’s principle focus shall be in nanotechnology-based products in the areas of biomedicine, including medical devices, energy production, including renewable and clean energy sources, advanced materials, agriculture, food processing, and other sectors.

The RUSNANO delegation has also discussed a new initiative supporting the development of technology transfer partnerships between RUSNANO and Canadian companies. The initiative will provide an opportunity for Canadian companies to build and expand their business base in the Russian market through vehicles such as the establishment of Joint Venture partnerships, technology licensing and other effective business arrangements.

Those activities will be based upon regular consultations and coordination with Federal and Provincial Government departments and agencies, including the Ontario Ministry of Economic Development & Trade and the Ministry of Research and Innovation.