The Russian Corporation of Nanotechnologies (RUSNANO) provides funding for the most promising regional projects. Currently over 30 projects in Sverdlovsk region have been funded by Rusnano, one of which has had more than 800 million rubles in funding.
Another project Rusnano is interested in is Russkyi Magniy (Russian Magnesium). The details of Rusnano’s participation in the project are under development. Russkiy Magniy Plant which will be located in Sverdlovsk region is expected to produce 23,000 tons of Magnesium and 30,000 tons of silicon each year.