Putting together a business plan � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �14
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“These guidelines provide answers to the most important questions applicants ask, and they offer suggestions as to how to avoid typical mistakes when putting together an application request�”
Anatoly Chubais CEO, Chairman of the Executive Board RUSNANO
What RUSNANO can offer
Project financing on favorable terms
We do not aim at maximizing profit and we do not compete
with private business
We act as a co-investor in nanotechnology projects. Our key
goal is to assume part of the financial and other risks of the
projects and—through a partnering role of a government-
controlled entity—to make them attractive to private
investment.
The amount of financing is identified individually on the basis
of project evaluation and should be sufficient to attract private
investors. RUSNANO’s share in the charter capital (equity share)
of the project company must not exceed 50 percent minus one
share (except for individual cases approved by the corporation’s
Supervisory Council). RUSNANO can provide additional
financing for projects in the form of loans, purchases of bonds,
guarantees on loans or leasing transactions, etc�
Our participation in an investment project is limited to ten years.
The corporation’s financial support is available to projects aimed
at manufacturing competitive nanotechnological products.
With a view to developing investment projects, we provide
funding for auxiliary work such as:
Research and development• Building infrastructure facilities • Personnel training and re-training•
We have a broad range of financial tools to facilitate our
involvement in projects by:
Equity participation • Providing funding in the form of soft-terms loans • Providing credit guarantees • Buying bonds and convertible debt • Engaging in leasing transactions • Providing support through co-financing of foundations •
3
Russian Corporation of Nanotechnologies
Administrative support of your business
We help to remove administrative barriers at all levels with
a view to implementing promising projects and promoting
nanotechnological products�
Our partnership will help develop joint business projects thanks
to the corporation’s international and highly reputable standing,
connections, and brand awareness�
We provide all it takes to implement production projects
based on research findings by both private businesses and
government-funded or government-owned organizations.
We provide assistance in protecting rights for nanotechnology
research findings.
We monitor and help improve the legislative framework to
remove barriers toward project implementation and better
nanotechnology product promotion.
Expert support at any stage of project implementation
We offer evaluation of your project for scientific validity and
technical and commercial viability.
For the purpose of evaluation, the corporation will contract with
leading Russian and foreign technical research and investment
experts. A positive finding from the RUSNANO expert evaluation
is an additional guarantee of feasibility and commercial viability
of the project for private investors.
We offer guarantees of your product’s quality and safety for
which purpose the corporation has a registered certification
system, NANOCERTIFICA.
We offer voluntary certification of nano-industry products
and technologies. The RUSNANO certificate is proof of
nanotechnology product compliance with quality and safety
regulations�
For producers:
Receive liquidity on soft terms •
at the stage of new product
manufacture, capacity expansion
or modernization stage,
Expand sales markets •
Broad administrative support •
For private investors:
Freedom for priority management •
of the project
Project risk sharing with the •
government
Quality examination of the project •
Assistance in search for co-•
investors
For technology developers:
Commercialization support•
Joint search for co-investors and •
partners in production
Protection of your intellectual •
property rights and financial
interests
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Which projects are eligible for funding
The project must be in line with the corporation’s objectives.
We finance innovative projects that end with the manufacture
of marketable goods that are clearly associated with
nanotechnology, that is, projects based on nanotechnology
development and application. The product should provide
sustainable competitive advantages due to its technical
and commercial characteristics when compared with its
competitors. Alongwith supporting investment projects, we can
financially support auxiliary projects, such as R&D, infrastructure
development and training.
Our experts use this definition of nanotechnology:
Nanotechnology is a set of techniques and methods
used to examine, design, manufacture, and apply
functional structures, devices and systems, including
targeted control and modification of the form, size
and integration of the components (about 1-100
nanometers), to produce objects with new size-
dependent chemical, physical, or biological properties.
“RUSNANO has put together a team of creative professionals, but even for this team to work successfully together, we need well-organized business processes and a clear division of responsibilities.”
Andrey Malyshev Member of the Executive Board Deputy Director General, RUSNANO
The project must be commercially viable and innovative.
We invest money in innovative and commercially viable • projects, with forecasted revenue of at least 250 million
rubles in project year five.
Investment projects will be funded subject to payback • and return on investment. However, we are not trying to
maximize profit and are prepared to exit the project at any
stage if the applicant or co-investor wishes to purchase the
corporation’s share.
5
Russian Corporation of Nanotechnologies
An effective investment project requires the following:
You as the applicant must put together a professional • project team combining all competences required to
implement the project�
Project applicant must consider how he will protect • (enforce) the underlying intellectual property rights.
You must have professional expertise and qualification, • experience, and a positive reputation. Under design and
development projects, some work must have already been
done in the subject or related area�
The project must demonstrate a scientific foundation and • substantiate technical feasibility. We perform a scientific
and technical expert evaluation to verify this.
You must be a bona fide payer of all relevant taxes and • duties; if a legal entity, you cannot be in the process of
liquidation or have a previous record of violating contracts
with the corporation�
The project cannot have another source of government • funding (for example, federal target programs); the
application may not be re-submitted, and repeated
funding of work under previously completed projects is
not allowed�
Participation in international projects is possible provided • that at least some of the nanotechnology production is
based in Russia�
Investment projects must be co-financed:
Our investment in a project is not to replace private • money but rather is aimed at lowering the risks to a level
acceptable for private businesses.
Our share in the project company’s fixed assets cannot • exceed 50 percent minus one share, except for individual
instances where the Supervisory Board may decide to
increase that stake up to 75 percent minus one share.
From a financing perspective, priority is given to projects • where the applicant has identified co-investors. In case
there are none, we also try to find external financing
sources�
The corporation will exit the project once private • capital is ready to finance the project on its own and
the corporation’s investment can be returned on pre-
negotiated terms�
If you have any questions, we invite you to not
hesitate to call us at +7 (495) 542 4440 or e-mail us at
“The main objective of RUSNANO’s investment practice is to effectively invest in projects with high commercial potential. When evaluating a proposal, we look primarily at the project’s market potential, check its technical, technological and marketing risk avoidance capabilities and assess the project team’s qualifications. We don’t seek to invest in technology as such but, rather, in people who are capable of bringing this technology to market.”
Dionis Gordin Member of the Executive Board Managing Director
“RUSNANO seeks to help Russia bring about a breakthrough in nanotechnology, which may be the most complex of all avenues of high-technology investment. Therefore, we not only carefully select projects worthy of investment but help project developers get ready, to the extent possible, to receive financial support. Our objective is to lower risk and to create acceptable, if not comfortable, conditions for advancement of nanotechnology projects.”
Sergey Polikarpov Managing Director
“Our goal is to transform Russia into a leader in nanotechnology. We act as a catalyst, helping leading scientists and entrepreneurs set up successful businesses in which we will be able to invest.”
Konstantin Demetriou Managing Director
“Modern nanotechnology infrastructure is critical to addressing the strategic objective of establishing a national nanoindustry as a single development foundation for the most promising sectors of the economy in the 21st century.”
Evgeny Evdokimov Managing Director Infrastructure Development
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Russian Corporation of Nanotechnologies
How a request becomes a project financed by RUSNANO
The process of securing financing is the result of close joint
efforts of your team and our staff. You will need to substantiate
your business idea and prove its scientific and technical
relevance to the field of nanotechnology, as well as its viability
and effectiveness. Along with independent experts, we will need
to thoroughly evaluate all project implementation factors before
making a recommendation whether to finance your project.
The key tool used by the corporation is a system consisting of
an initial (documentary) review and substantial evaluation of
the materials that you submit to the corporation.
This system is not just a filter for selecting the best projects;
it helps you obtain an objective assessment of your proposal,
develop high-quality documents, find new partners and
ultimately create a successful business.
The speed of project review depends on a number of conditions:
The corporation considers primarily investment projects, • that is, those involving manufacture of nanotechnological
products and a return on investment.
Projects that have identified private co-investors will • advance faster. The corporation’s ownership share in a
project company’s charter capital must be less than 50
percent minus one share. The remaining portion is the
responsibility of a private investor. The corporation seeks
to minimize its share in project financing, encouraging
maximum involvement of private capital. RUSNANO
does not sponsor projects that can be fully funded by
commercial institutions�
Thoroughness of project development and completeness • of submitted documents facilitate a faster procedure and
review process through the corporation.
The process of obtaining project financing from the
corporation consists of seven steps:
1 Submitting a Request for Project Review
Preferably, you should register on RUSNANO’s official website,
www.rusnano.com. For details, see section How to Apply for
Funding. Following your official inquiry to the corporation, you
will receive document templates and will be asked to fill out a
project application, applicant’s form, project specification and a
detailed scientific and technological feasibility analysis for the
project (including information on key project members, which is
one of the business plan’s appendices). You may complete and
submit a full business plan—the most complex document to
develop—at a later date.
You may submit your application in the form of electronic
documents by e-mail, on electronic media or in another format
specified by the corporation’s website, but official review of
the project will begin only upon receipt and registration by
the corporation of official (hard copy) application documents
complete with all requisite details as specified by the
requirements�
2 Entry Review
The purpose of the entry (documentary) review is to establish
whether the application materials are ready for the official
science and technology expert evaluation and the investment
evaluation of the project.
The Project Office will notify the applicant of the application
receipt and, if necessary, of any items identified during the initial
review process that require correction and refinement before
the documents are considered to be at project application
status�
All reviews are carried out under overall supervision of
a project’s Managing Director. The Managing Director is
appointed by order of the corporation’s CEO. Only requests
with the designation of project application, as specified in the
requirements, will be submitted for these reviews. Following the
order, the appointed Managing Director will notify the applicant
of his/her appointment and commencement of official project
expert reviews.
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3 Science and Technology Expert Evaluation
The Science and Technology Analysis Department will initiate
a science and technology expert evaluation following the
appointment of the Managing Director. Project expert reviews
are provided by leading independent Russian and international
experts who are recognized authorities in their respective areas.
The experts will have been duly accredited with the corporation.
A confidentiality agreement and a non-conflict of interest
agreement will be signed with each expert. A STEE may take up
to 70 calendar days.
The objective of the STEE is to determine whether the content
of the project is relevant to the nanotechnology area and to
assess the project’s scientific validity and technical feasibility.
The Science and Technology Analysis Department will send the
findings of the STEE, documented as summary conclusions, to
the managing director�
4 Investment Evaluation
An investment evaluation of a project includes financial,
economic, legal, operational, patent, marketing, certification and
metrological reviews, as well as risk analysis and other expert
reviews assigned at the discretion of the Managing Director.
Project team members appointed by the Managing Director are
responsible for organizing the expert reviews.
In the course of the IE, detailed analysis of the project’s
business plan is conducted and negotiations are held with
co-investors on preparation of the investment agreement and
other documents for the proposed project transaction� All of
these documents, together with the summary conclusions
of the STEE are included in the Managing Director’s summary
conclusions on the advisability of financing for the project. The
Managing Director will submit his/her summary conclusions
for final approval by the corporation’s collegiate and managerial
bodies�
The STEE and IE may be conducted consecutively or
concurrently, at the discretion of the Managing Director. The
deadlines for completing these evaluations and submitting the
Managing Director’s summary conclusions will be defined in the
corporation General Director’s order, on the appointment of the
Managing Director and is typically 120 days from the order date.
5 Project Review by the Science and Technology Board
The Science and Technology Board is composed of
prominent scientists and technical specialists in the area of
nanotechnology. The Board will review the findings of the STEE
and the Managing Director’s summary conclusions and issue a
recommendation to the corporation management regarding
the advisability of project financing.
6 Project Approval
After passing the Science and Technology Board, the project
documentation package will be submitted to the corporation’s
Executive Board and Supervisory Council for final review and
approval for financing from the corporation’s resources.
Steps 5 and 6 may take up to 50 days.
The entire process of application submission, expert review and
project financing approval in steps 1 through 6 typically takes
185 days from the date of receipt of the applicant’s official
materials�
The Science and Technology Analysis Department, the Project
Office, the Managing Directors and the Project team members
will assist you in the preparation and necessary refinement of
your project materials throughout the process.
7Transaction Closing and Project Financing from the Corporation’s Funds
Upon the approval by the corporation’s Supervisory Council and
the resolution of the Executive Board to provide financing for
a project from the corporation’s funds, the Managing Director
proceeds to execute the transaction with the co-investors and
to provide project financing from the corporation’s funds.
If you have any questions, we invite you to contact us by phone
“There are quite a few companies in Russia that implement nanotechnologies, but they are not always very big—because securing funding, breaking through market barriers, and negotiating with industry customers isn’t easy. They need help to reach a broader market. And that’s the kind of help we give them.”
Mikhail Chuchkevich Project Office Director
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Project documents must be completed in order to start working
with the corporation�
The document package consists of six items:
1� Project application
2. Applicant’s form
3. Project specification
4. Scientific and technological feasibility analysis of the project
5. Key project members’ biographies
6. Business plan
This section describes the first two documents directly related
to you and your company. The other forms will be e-mailed
to the applicant after registration at the corporation’s official
website at www�rusnano�com�
1� Project application
This document is an official statement of application for
financing. It contains just a few fields: company name, project
name and the contact details of the contact person for
the project. For an example of a filled-out application, see
attachment (page S3).
2. Applicant’s form
There are two applicant's forms, one for legal entities, the other
for individuals. If you apply on behalf of a legal entity, you only
fill out that form. If you have not yet formed a legal entity, you
may apply as an individual and later transform into a legal entity,
individually or jointly with your partners. The applicant’s form
includes the individual’s or entity’s contact details. The form is
required to verify that the entity or individual actually exists, or
establish whether the applicant is black-listed (due to repeated
submissions, funding from other sources, violation of legislation,
and so on). For examples of completed applications, see
attachment page S4�
Important Notice!
Please specify precisely the type of document submission: • an Application (full set of documents) or a Proposal
(application statement, applicant’s form, project
specification), and underline the relevant type.
Provide full details of the contact person, including e-mail • address and telephone number�
Make sure that you specify the year of establishment and • the full legal and actual address�
Do not fill out more than one applicant form; the • applicant's form should be submitted on behalf of either a
legal entity or an individual.
Before you mail a hard copy, make sure the application • statement and applicant's form have a corporate seal and
the senior executive's signature.
Completing the documents
“It’s critical for the corporation not to miss out on original projects. To avoid this, we need to help many Russian scientists, engineers, and entrepreneurs develop documentation for their projects in accordance with rules accepted in the investment community. The corporation’s pre-investment policy seeks to ensure that all merited projects get support in the development phase.”
Alexander Veresov Scientific Policy Adviser, Ph.D. in Chemistry
11
Russian Corporation of Nanotechnologies
Essentially, the project specification is a summary of the project.
The specification will serve as a basis for the initial review and
classification of your application and the appointment of an
investment manager attached to your project.
As you fill out the project specification, pay special attention to
the following:
1. Main types of products and their target consumers
2. Project business model: for example, construction of a
battery-making facility or turn-key supply of units for battery
production including service or a R&D company develops units
to be integrated into a technological process at the producers’
site and operates them�
3. Specific competitive advantages of the product of your
technology as compared with those available in the market and
forthcoming, for instance, clean product, clean raw materials,
lower sales price, quick re-adjustment, and so on
4. Current situation and a strategy of intellectual property
protection
5. Who is the private co-investor in the project? Please note,
RUSNANO is not authorized to provide 100 percent financing
6. Where and how the project company will be registered.
Where the production site(s) will be situated
7� Schedule of construction, equipment commissioning,
production and sales
8. Market survey or sources of such with regard for specific
types of products. See the attachment page S5 for a project
specification form.
Completing the project specification
“Investment planning, monitoring of business processes and, finally, control, are integral parts of a high-performance project selection and implementation system. Commitment to the final goal—successful project implementation—is the key criterion of our activities. Our primary objective is not control for the sake of control, but information and consulting support to applicants and corporation management�”
Alexey Tyagun Head of the Investment Planning and Control Department
Important Notice!
The name in the project specification must be •
the same as the project name in the application
statement�
Please include estimates of parameters and •
budget; it is important for us to know your own
evaluation, which can be adjusted later.
Make sure you fill out the briefs about the project •
contractor and contributors on a separate page�
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Scientific and technological feasibility analysis is an important
componеnt of the business plan. We made it a separate document
because it is to be passed to science and technology experts
together with the resume briefs of the key project participants.
Without a positive conclusion of the expert evaluation, the
commercial outlook of the project will not be assessed. The
evaluation proves to us that the project relates to nanotechnology,
is scientifically substantiated and technically feasible. Therefore,
your substantiation should demonstrate the following:
1. Your project relates to the field of nanotechnology.
You should be able to show that you (the developer) can
control the structure of the substance, material, or objects at
the nanoscale (at a scale of up to ~100 nanometers). The text
should demonstrate that this very sort of controllable effect
helps generate qualitatively new physical, chemical, mechanical,
and other properties in the product� Your statement must be
supported with documented facts or references to publications
in peer-reviewed journals.
2. Your project has scientific validity.
The text should include a detailed description of the product
structure and composition and specify which particular
elements determine its principal technical characteristics�
The product and the process of product making must be
described in exhaustive detail in the framework of clear and
comprehensible physical models, specifying how the technical
and operational features follow from them. The substantiation
should also quote the maximum allowable characteristics
ensuing from the fundamental properties of the involved
materials and approaches�
Completing the Scientific and Technological Feasibility Analysis form
“Expert evaluation is a critical area of the corporation’s activities. We must not let a single sub-standard project slip through while not missing out on a promising yet incomplete application. Our work principles are based not only on global best practices, objectiveness, independence and transparency but also on friendliness and attention to the applicants�”
Sergey Kalyuzhnyi Member of the Executive Board, Head of the Expertise Division
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Russian Corporation of Nanotechnologies
3� Your project is technicall feasible�
The technical feasibility of your project will be assessed against
the following parameters:
An experimental (laboratory) prototype or a pilot lot • of the product (material, device, plant) with technical
and operational characteristics corresponding to those
specified by the project
A detailed description of the processes and a substantiated • choice of the technical solutions, availability of design and
other technical documentation;
Patents or other instruments protecting the project’s • intellectual property
Equipment or plans to purchase equipment for • commercial manufacture of the product with the required
technical and operational characteristics, with rationale for
the chosen type of equipment in specified quantities for a
certain scope of production
A system of control over the technical and operational • characteristics announced by the project
Your and your team’s professional expertise and • qualifications confirmed with diplomas and certificates,
and successfully completed projects in the past.
Under design and development projects, some work must have
already been done in the subject or related area.
The attachment provides a template for scientific and technical
substantiation (page S9). We have provided an expert evaluation
statement (S19) so you may see how the experts evaluate your
project�
Important Notice!
The scientific and technical substantiation of the •
project must be supported with proven facts
as much as possible. Every statement must be
corroborated with documented data, including
test results, preferably in the form of reports.
If the project includes R&D, make sure you fill •
out the items containing information about your
planned R&D activities.
Pay attention to the comments in each item of the •
form specifying what is to be there.
If an item is not applicable in the project •
framework, put down never performed, not
required by the project, none, etc., rather than
leave the items blank.
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A business plan is the crucial part of any commercial project.
A business plan is deemed a necessary condition for normal
work with all business counterparts, investors above all. With the
business plan, the company founders prove that they are able
to put together and clearly describe all aspects of a business
start-up. A properly written business plan becomes a key
economic document for business evaluation and execution.
The business plan should accurately describe the economic
essence of the project, identify targets and, calculate the
necessary resources. The business plan drives the entrepreneur
to think out his business idea clearly and to find gaps in his
picture of the future company; it also requires decisions to be
taken and thus helps develop a structured approach to project
implementation. As the business plan is being developed,
alternative solutions appear on a systematic basis. They are
assessed and screened off. A business plan is an important
auxiliary tool to solve problems and considerably raise the
efficiency of project implementation.
The pusiness plan should include detailed descriptions of the
following:
Key team members’ cоmpetences and expertise
A business concept can only be realized when the business
project has a capable management team, especially when
a variety of capabilities must be combined. Entrepreneurial
management experience and teamwork capability will be
valued higher than an academic degree taken alone.
Putting together a business plan
“RUSNANO was founded to provide comprehensive assistance for the development of promising innovation projects in Russia, including investments from domestic and international businesses�”
Dmitry Lisenkov Managing Director
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Russian Corporation of Nanotechnologies
Clear, and preferably quantified, consumer value, identification
of target consumer segments
Potential investors want to see that you have a clear idea of
your market and of how you plan to win your clients. The
product, service, or business system must have high innovative
potential� Your projections and estimates must be based on
reliable and convincing foundations and facts.
Protection of innovations
An innovative product must be protected with a patent or
have significant lead time over “pirates” when a business is
established�
Large or rapidly developing market. Competent analysis of the
competition
The investor will not be fooled. It is not advisable to state that
your product is beyond all competition. On the contrary, a
full and unbiased description of the existing and potential
competitors will show you are open-eyed to the risks of your
business, thus building trust from investors.
Assessment of probabilities and risks
Investors hate surprises. A realistic description of risks and
measures to mitigate them engenders much more trust than a
picture of a cloudless future�
Specify time frame and methods of return on investment
From the very beginning, investors want to know when your
cooperation will come to an end and how they are going to
recover their investments.
The attachment includes a recommended structure of a
business plan (page S24) and a guide to completion (page S27).
In writing a business plan, you may also want to use the following literature:
Patsula, Peter J� Successful Business Planning in 30
Days
Barrow, Paul. The Business Plan Workbook
Shevchuk, D. A. Kak sostavit biznes-plan: pervy shag k
svoyemu biznesu. [How to Make a Business Plan: Step
One to Your Own Business]
Peterson, Steven. Business Plans Kit for Dummies
Tiffany, Paul. Business Plans for Dummies
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Supplemental Material/Sample Forms
How to Register on the RUSNANO Website � � � � � � � � � � � � � � � � � � � � �S1
The upper right corner of the en.rusnano.com website homepage provides a link to the Registration section. Click on that link to begin registration�
Step 2:
On the registration page, you will be asked to enter login, e-mail and password. You will need to retype the password to confirm the entry.
Login and password may include Latin letters, numbers, and underscored symbols.
Upon entering all registration data, you will need to type in the numbers from the picture in the space below and click the Register button�
Step 3:
Once your registration has been activated, you may access our website (en.rusnano.com) by clicking Enter in the upper right corner of the screen�
Please type in the login and password selected at registration. By checking the Remember Me box, you will be able to automatically sign in to our website on the same computer in the future. If your computer is used by more than one user, we recommend leaving the Remember Me box unchecked. You will complete the authorization process by clicking Enter.
Step 4:
If when entering your login and password you see the message The user doesn't exist or the password is incorrect, you have probably made a mistake while typing. Try entering the data one more time or use the registration data recovery system by clicking Forgot Password?
On the registration data recovery page, you will need to enter the e-mail selected at registration. That done, in a few minutes you will receive a message reminding you of your login and the password used for sign-in�
How to Register on the RUSNANO Website
S2
Step 5:
Once you have signed in, you will be asked to fill out the applicant’s data. To do so, please select the Personal Cabinet tab in the upper right corner�
Step 6:
The registration form is different for individuals and legal entities:
Individual registration
Legal entity registration
Please fill out the applicant’s data. The fields marked with * are mandatory and must be completed. After filling out the applicant’s form and checking the box I agree with the above rules and Please send me the project document templates, you will be able to press the send button�
Step 7:
Once the applicant’s data has been sent, you have successfully completed the registration process�
The applicant information you have sent will be forwarded to the initial review department where it will be processed promptly (typically within 24 hours). Once the data have been processed, we will send the project document templates to the e-mail address indicated in the Manager e-mail box in an editable format. Further sections provide detailed explanations on how to complete the project document templates� Please note that all documents are assigned a unique reference number to be used for all documentation related to a certain project request. If the application data is incomplete or there are errors, you will receive a note asking you to make the necessary corrections�
If you have any questions, we encourage you to contact us by telephone at +7 (495) 542 44 40 or by e-mail at [email protected].
S3
Russian Corporation of Nanotechnologies
Full name of the company or individual
Investment Application/Investment Consideration Request (please underline as appropriate) is submitted to the Russian State Corporation of Nanotechnologies for review of:
Project title
2. We hereby confirm that we are aware of and agree,to and are willing to abide by the RUSNANO Project Evaluation Regulations.
3. We understand that we are obliged to submit all documents needed for the project review subject to RUSNANO requirements.
4. We guarantee reliability of the information submitted, and confirm RUSNANO’s right to request from us, as well as from authorized governmental agencies, legal entities, and individuals specified in our Application/Request any detailed information regarding the Application/Request, including data on the Project subcontractors�
5. We acknowledge that absence of any documents required for the Project Review, as well as failure to submit any additional materials required by RUSNANO in due course can constitute a reasonable cause for RUSNANO to deny the Application/Request.
6. We confirm that we are not affiliated with any of RUSNANO's employees.
7. By virtue of this Application/Request, we grant RUSNANO access to the information contained in the Investment Application/Investment Consideration Request, all documents attached thereto, or additionally requested and submitted to RUSNANO, as well as all rights to provide and distribute the information contained herein, in accordance with RUSNANO’s internal regulations. With regard to the execution of the rights specified in this document, we assert no claims againts RUSNANO.
8. Please be advised that the authorized representative for notification of all matter of an organizational nature and for interaction with the Russian Corporation of Nanotechnologies will be:
Full name, passport details, telephone number and e-mail address of Applicant’s representative
Please niotify the authorized representative of all information concerning the Project Review.
2. Project summary (maximum 1 page): goals and essence, objectives, uniqueness, spefic aplication of project results, competitive adnavtages:
3. Project results (commercial item/s)—you may mark more then one box: Know-how Invention Utility model Patent Technical documentation Product prototype, laboratory/test sample Technology Equipment Production prototype Industrial goods Service Other (please specify):
Brief description of the product, performance characteristics:
4. Project category4.1. Project type—repeat:
New production Expansion/upgrade of existing production capacity Retooling Creation of infrastructure centers Occupational safety Environmental safety Social project Training/advance training of personnel Other (please specify):
4.2. Investment focus—you may mark more then one box: Construction of business Purchase of equipment Research activity R&D that may be capitalized as production set up R&D ordered by enterprises R&D that may be capitalized as intangible assets R&D for development of key (advanced) nanotechnology Other (please specify):
4.3. Area of application (commercial production) of the Project output—you may mark more then one box: Machine-building Chemical industry Agriculture Consumer industry Construction, housing/utilities Energy Transportation Healthcare Communications and IT Aerospace industry Other (please specify):
5. Has any type of work under the Project been carried out before? Yes No
6. Is any activity under the Project being carried out now? Yes No
7. Has any financing of Applicant’s work in this area been provided before? Yes NoIf Yes, by whom, when and in what amount (rubles, thousands):
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Project Outline
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8. Which companies could be interested in the Project results? Describe briefly the consumer market (area of use) as well as problems/tasks facing the consumer that your product will adress:
Does any third party intend to purchase the Project output? Yes No If Yes, please specify:
9. Patent protection of key technical solutions of the Project—you may mark more than one box: Patent available Legal protection Protection of commercial secrets (know-how)
10. Project status—you may mark more than one box: Concept Unfinished research engineering Scientific and technical documentation Unfinished development engineering Mock-up model Laboratory sample, prototype Design estimate Technological and design documentation Ready to put into production Production capacity prepared Mass production is underway Other (please specify):
11. Has the Project undergone prior expert review? Yes NoIf Yes, by whom, when and what type:
12. Any marketing research performed? You may mark more than one box: Project specific marketing research Own marketing research Other (please specify):
13. Project Justification format—you may mark more than one box: Brief justification of investment Pre-feasibility study Feasibility study Business plan Terms of reference Other (please specify):
Please specify the current status of the business plan (feasibility study): %
14. Project location (city/town and short description of the area):
15. Project life cycleexpected commencement date (MM/YY): investment phase duration (months): Payback period—from the date of commencement (months):
16. Total value (budget) of the Project, rubles, thousands:
17. Funding requested from RUSNANO, rubles, thousands:
18. Availability of co-investor: Yes NoIf Yes, please specify the funding source—you may mark more than one box:
State budget Private funds Your own participation Other (please specify):
18.1. Major project co-investors and shares of participation (rubles, thousands):
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Russian Corporation of Nanotechnologies
19. Production data (if applicable to the Project)Please provide a short description of the existing production capacity, and specify key process stages:
20. Production forecast Forecast manufacturing/sales volumes under the Project, broken down by year from the date of commencement (if applicable):
Type of productVolume, pieces/ rubles, thousands by year
Year 1 Year 2 Year 3 Year 4 Year 5
21. Project market overview21.1. Domestic and international market outlook (rubles mln)—if applicable:
21.2. Major segments and developmental trends in domestic and global markets:
22. Forecasted Project risks (please rank from likeliest down):
1� 2� 3�
23. Degree of the Project innovation—you may mark more than one box:Conceptually new business-process with no analogy in the market Yes No New business-process including ground-breaking product, materials, production techniques with analogues available in the market
Yes No Principally segment (new market niche ) of existing product Yes No Principally product which can substitute market analogues Yes No Principally new production technique superseding existing techniques in the market Yes No Substantial quality improvement of existing product Yes No Significant (more than one have) reduction in prime cost of the product with the same required level of quality due to better performance Yes No Substantial quality improvement or cost reduction through use of new materials and/or new components Yes No Other (please specify):
24. Please specify the forms of the corporation’s participation as Project Investor that are acceptable to you (you may mark more than one box)
Grant Contribution to the equity capital, participatory share Investor’s loan Purchase of Applicant’s bonds and convertible debt by the investor Security for credits and other obligations Leasing transactions Transfer of intellectual property rights to the investor
Please specify other forms of the corporation’s entry into/exit from Project, which you would find acceptable:
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25. For R&D projects:Do you have a plan for commercialization of the Project? Yes No
Are developers prepared to participate in the commercialization of the Project output: Yes No If Yes, please specify the type of participation (you may mark only one box):
Support industrial integration Establish its own production company Establish its own engineering development company Other (please specify):
26. Applicant’s proposals on the management of information contained in the Project Application:
27. How did you obtain information about RUSNANO project activities? Internet Public address of corporation officials Printed press Other Applicants Other (please specify):
Please specify the source of information:
28. Please attach a brief summary of the organization executing the Project (maximum one page)
29. Key partners in the Project, if any (maximum one page)
Please specify full name of the company, location, and role in participation
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Russian Corporation of Nanotechnologies
This section of the business plan is to be submitted to experts for the Science and Technology Evaluation (evaluation of scientific validity and technical feasibility)
PROJECT TYPE CORRESPONDING TO STAGE OF DEVELOPMENT OF THE PROJECT
(mark [Х])
Class A: Product industrial samples and production technologies are available (the Project will produce a product in the Russian Federation that is already produced in another country)
Class B:
B-1: Concept of the end product is available B-2: Laboratory sample of the product is available B-3: Development is in progress B-4: Completed development (pre-production run, completed testing, prepared production procedure)
Form continues on S10
Scientific and Technological Feasibility Analysis
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1. INTRODUCTION (Summary)
1.1. Project Title1
1.2. Project Goal1
1.3. Project product and its target (consumer) properties
If the project includes several products, then properties of each product are required
1.4. Description of the initial project phase
Describe the initial project phase (whether R&D has been completed and how the results have been recorded). Provide a summary of results (referencing the source), sources and where they may be found. Describe whether a pilot/laboratory sample has been produced and whether a pilot production line has been commissioned. (Add other pertinent information)
1.5. Project Goals
1.5.1. Objectives of the research phase, if applicable
1� 2� 3�
1.5.2. Objectives of the development phase engineering, design, process, if applicable:
1� 2� 3�
1.5.3. Objectives of the production phase engineering, design, process, if applicable:
1� 2� 3�
1.6. Classification codes (see p.9, provide numbers only) Classification T: Classification H:
1.7. Key terminology (in Russian and English)
Please specify key words describing the essence of R&D and technology activities under the Project
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Russian Corporation of Nanotechnologies
1.8. Flow chart of key technological production phases
This sample flow chart depicts the most important phases of the production cycle. Please produce a comparable chart(s), for your
Project, specifying the page in the Scientific and Technological Feasibility Analysis where they are provided in detail.
Raw materials АSupplied by a Russian supplier – OJSC “Postavshchik” 5 tons per annum
Phase S1Nanostructuring of particle surfaces of component A, using original technology (see p.p. 25, 56).
Raw materials ВSupplied by Supplier, a US company2 tons per annum
Phase S2Extra purification, alloying of components В and С, granulation using the Siemens technology (see p. 15)
Phase S2-1Metrological properties of the alloy (see p. 45)
Phase S-1Quality control (see p. 47)
Raw materials СSupplied by Husyue, China 1 ton per annum
Consumer Co-1Primary consumers are producers of high-temperaturesuperconductors. (See p. 60)
Consumer Co-2The consumer is a producer of raw materials С, demand is 8 tons per annum. (see p. 61)
Other consumers Producers of ceramics. See p. 62 for description of their demands and technical requirements
Product P14 tons per annumDue to the nanotechnological phase S1, parameter Р1 is increased to 18 GPа, while parameter P2 remains at the level of 273 K. (see p. 45)
Product P24 tons per annumByproducts (for its technical and economical properties see p. 48)
Other productsFine powders and pastes (see p. 50 for characteristics of this product type)
Phase S3Compaction, pressing, mechanical adjustment of the product shape with accuracy of ±0.5 mm, (see p. 50)
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1.9. Provide a summary of the Project’s scientific and technical section (in accordance with items 5.4 and 1.8 (one page or less is recommended)
2. DESCRIPTION AND FEASIBILITY STUDY OF THE SCIENTIFIC AND TECHNICAL SEGMENTS OF THE PROJECT
If R&D is planned (including development of an industrial technology and phases of its implementation), then each paragraph should be divided into respective subparagraphs
2.1. Justification of scientific and technical objectives of the Project (one page or less is recommended)
Specify the economic and industrial benefits that could be achieved as a result of this Project. Explain the rationale behind the proposed R&D portion of the Project.
A qualitative description of Project goals should be accompanied by quantitative indicators (the reference is given in p. 8.1).
2.2. Primary R&D and technical challenges facing the Project 1� 2�
2.3. Current status of R&D and progress in your field of research and existing alternatives
Note information on similar projects conducted by Russian or foreign companies referencing to the specific source(s).
Provide conclusions on current trends in science and technology and how your Project relates to them as well as its place on the priority list.
Provide information on alternatives to achieving the same goals, and compare them to your Projects in terms of strengths and weaknesses�
2.4. Description and justification of scientific and technological principles, methods and approaches to Project implementation (In greater detail for R&D projects; this section should contain a brief description of key R&D results, a complete R&D report should be provided as an attachment to the Scientific and Technological Feasibility Analysis)
Describe the scope of work, including the correlation between the nature of the work and the Project's goals.
If the proposed outcomes include a new technology or product, explain the feasibility/rationale of your approach and how you propose to achieve the desired results.
Describe the scientific and technical fundamentals of the Project. Provide a brief description and justification for the proposed methodology, specifying its unique character, innovation and relevance.
Specify technical (technological) methods and procedures that drive production, improve the product's quality and usefulness to the consumer, and/or make it more economical and competitive in the market.
If necessary, attach exhibits, diagrams, flow charts, etc, appropriately referencing in the text.
2.5. Author’s relevant experience in the field (three pages or less are recommended) List all contracts, grants, programs etc., the results of which will be used for this project, specifying the project, contractors, time, deadlines, and in brief note—key results and monitoring reports upon completion of each project listed.
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Russian Corporation of Nanotechnologies
2.6. Expected R&D outcomes (specifying the form and format in which they will be presented to experts for evaluation at all stages of project) (two pages or less are recommended)
List any marketable products resulting from your Project:
Know-how, patents, design or other documentation, technology, process system (equipment) or its components, manufactured product, off-the-shelf items, software, services, etc.
3. END PRODUCT AND TECHNOLOGY DESCRIPTION, FEATURES AND REQUIREMENTS. COMPARISON WITH SIMILAR PRODUCTS
3.1. Product designation and field of application (maximum one page is recommended.)
Provide a description of the project product (its main technical and economic parameters and competitive advantages, as • noted in p.3.3).Provide brief characteristics of extent and conditions of use.• Provide a description of consumer expectations for the project product. If such data are available, this section should • contain abstracts from consumer’s specifications (terms of reference), any documented proofs of customer’s requirements (specifications) should be provided as attachment to the project.If state or any other regulation requires that the project product parameters conform to standards and norms, provide • documented proof of conformity to such norms and give a reference to the sections of the Scientific and Technological Feasibility Analysis that describe obtaining respective certificates.
3.2. Brief description of closest analogues with identification of manufacturer(s)
3.3. Please complete the Product Parameter table (for the Project output and analogues):
Give an individual table for each product (if there are a few products). All qualitative and quantitative parameters of the table should be confirmed by references to test certificates (test certificates may be provided as appendices to the project), references to publications and open information sources (for project product and its); technological roadmaps, manifestos, analytical reviews (for forecasts)
Metric
Metric values
Current Projected results at the final stage of the Project, year 20…
Project product
Domestic analogue
Foreign analogue Final product of the project
Best analogue (forecast)
Description:…………….
Description:…………….
Description:…………….
Description:…………….
1�
2�
3�
Price in the Russian market, rubles
Cost rubles
Cost of operations, rubles per annum
(if applicable)
Guaranteed service life (if applicable)
Note: This table may be presented on a separate sheet in landscape format; please provide figures suitable for a technical performance graph. For graphs containing comparisions, please specify the following values: lower, corresponds, at the level, exceeds, no analogue�
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3.3.1. Substantiation for the selection of analogues for comparison
Substantiate that your selection of analogues for comparison is correct; provide proof that the best currently available analogues have been selected.
3.3.2. Additional information
(including efficiency of use and environmental factors)
Note: efficiency of use means key advantages and benefits (for example, reduction of electric power consumption etc.). Environmental factures
means the presence or content of harmfull substances
3.3.3. Reference to sources used to fill in the fields of Table in p.3.3
3.4. Experimental models, pilot lots/ laboratory samples, prototypes (if applicable)
Information on designation of experimental models, testing program and procedure (or reference to testing program and • procedure), test results Pictures of experimental models, pilot/laboratory samples• Available test reports received from accredited test laboratories/centers, attesting to stated product parameters•
3.5. Production and technologies
Description of the production process (production cycle, processing chain) used to make products and its key phases, technologies used at various production phases, including
A list and brief description of technological operations (process stages)• Available technological production capabilities• The specification requirements for new materials used in the product under development, if such new materials have been • developed (are being developed) by other entities (Specification requirements may be provided in an attachment.)
3.6. Data on technologies employed
State which technologies/products/components will be developed by external companies (purchased from the manufacturer) to achieve the project goals. Specify the developer/vendor, parameters (technical characteristics, operating modes) of involved technologies and conditions of purchasing (licensing, development), in accordance with p. 7.5.
3.6.1. Forecasted development of employed technologies, project correction plans, taking into account forecasted changes
(if applicable, optional)
Specify which changes may occur during the project implementation if the market offers new technologies/products/components with better technical and economic parameters as compared with those technologies/products/components that are to be used in the project and supplied by external developers.The description should specify a potential developers and parameters (technical characteristics, operating modes) of new technologies�
3.7. Monitoring technological characteristics of the product
This section should include:Characteristics of products made, with rated parameters • Requirements for measuring tools and measuring procedures • Description of production equipment with in-built measurement systems•
3.8. Brief description of raw materials to be consumed and their suppliers Description of used raw products, materials, semi-products, and components, main suppliers (planned for deliveries or already engaged in deliveries).
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Russian Corporation of Nanotechnologies
3.9. Brief description of production safety measures
Describe safety measures taken during work under the project, compliance with standards series ISO 14000 and ОНSAS 18000. If special requirements are set for storage, transportation etc., of project products (intermediate products, raw materials), then specify such requirements for each product (raw material) together with measures needed to satisfy these requirements.
4. NANOTECHNOLOGY COMPONENT DESCRIPTION AND ITS ROLE IN THE PROJECT
4.1. Description of nanotechnology to be developed or used in the course of the Project and its role in the process flow during
production
Provide any documented proof of a relation to nanotechnology (pictures, test certificates, experimental data, etc., and demonstrate that it is a nanotechnology component which accounts for a unique product or technological feature. Provide the distinctive functional features of the Project's nanotechnology output.If the project involves development of measuring equipment and equipment for nanotechnology production processes, provide a description of such equipment and its spheres of application and technical parameters, that give grounds to classify it as nanotechnology equipment.
4.2. Brief description of key technical and economic performance data of Project deliverables (pricing, performance curve,
competitive edge), which can be achieved through the use of nanotechnology
(please specify exact figures, minimum 1 page)
4.3. Brief summary of conventional alternatives (without nanotechnology), in comparison with nanotechnology options
(maximum 1 page)
Note: To avoid duplication of data previously cited, please refer to the relevant paragraphs of Parts 2 and 3 of appendix 6 (science and technology
section). Pictures and graphs may be provided to support the information for this section.
5. Project Work Schedule
5.1. Schedule
Project Commencement date (MM/YYYY): / Completion date (MM/YYYY): /
5.2. Plan for R&D, of results implementation, production development
(if planned)
Stages, work types Main expected results Main technological risks Risk mitigation options
[1.]
[2.]
[3.]
[4.]
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5.3. Progress chart
In accordance with the numbers of the stages specified in p. 5.2 (the chart may be continued)
Stage #
Deadlines
Month of project implementation
1–12 13–24 25–36 37–48 49–60 61–72
[1.]
[2.]
[3.]
[4.]
[5.]
5.4. Project roadmap
Provide a flow chart to demonstrate in graphic form how all project stages interrelate from commencement to completion with
their positions on the timeline in accordance with pp. 5.2 and 5.3, as well as p. 2.4 and 3.6 (3.6.1). The flow chart should be provided
in a separate sheet�
6. EQUIPMENT AND RESOURCE REQUIREMENTS
6.1. Brief description of production sites, facilities and buildings for production organization and development
Provide a brief description of production sites available to the Applicant. Describe the state of such sites, available engineering and transport infrastructure, etc�
6.2. Description of available process equipment (with reference to parts 2, 3) Provide a brief description of available process equipment and its main parameters.
6.3. Used instruments, measurement and test equipment
Provide a brief description of available laboratory (including research) equipment and its main parameters (with reference to p.3.7).
6.4. Other available resources
6.5. Describe the need for new premises and the need for reconstruction of available premises
Substantiate the need for new premises and the need for reconstruction of available ones with reference to p. 6.1
6.6. Process equipment requirements
Supply data on the equipment required, that Applicants intend to purchase under the Project. Specific manufacturers (suppliers) identified and, if possible, delivery terms and conditions (basic performance data, price, payment terms, required training of personnel, comparison with alternative options, and application assessment).
6.7. Instruments, measurement & test equipment
Similar to p. 6.6 describe and substantiate the need for purchasing costly laboratory equipment (over RUR 0.5 mln. per unit) in (with reference to pp.6.3 and 3.7).
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Russian Corporation of Nanotechnologies
6.8. Non-financial resources required for delivery of the Project’s R&D and production programs (including HR), and their
justification
7. PROJECT INTELLECTUAL PROPERTY PROTECTION
7.1. Available protection of Applicants’ intellectual property
List all patents under the project including submitted applications�1. number of a patent (application)/ country/ year of issue / description2� 3�
7.2. List of know-hows treated as commercial secrets that are to be used under the project
(references to know-hows listed in this section should be given in the project text)
Registration number, name of know-how exclusive owner
Conditions for familiarizing with the know-how
Conditions for transferring the exclusive right to the know-how
KH1.]
KH2.]
KH3.]
7.3. Innovation and results of other patent research
Provide results of patent expertise (preferably a report in accordance with operating GOST standards) as an attachment, if applicable�
7.4. Further planned measures of intellectual property protection
If the authors believe that the project has unprotected issues concerning intellectual property, or intellectual property is expected to appear under the Project, describe the planned measures for intellectual property protection (with reference to pp.1.8 and 5.4). Plans concerning application of missing (new) applications for patenting in Russia and other countries.
7.5. Third party intellectual property which will be the subject of license contracts under the Project
(if applicable)
List intellectual property and its exclusive owners, (and licensees- if the right is acquired under a sublicense contract), with which of license contracts will be concluded to obtain the right to use results of intellectual activity or means of individualization (in accordance with article 1235 of the RF Civil Code), specify the conditions and plans for right acquisition.
1�2�
7.6. Territory of intellectual property use
List those countries where products made using Applicant’s intellectual property or third party’s intellectual property will be manufactured and/or distributed, license contracts for intellectual property will be concluded or intellectual property will be used in any other way.
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8. APPENDICES TO THE SCIENCE AND TECHNICAL DESCRIPTION SUBSTANTIATION
8.1. Reference to sources
Provide sources including hyperlinks to on-line sources. All references should correspond to the reference numbers from the text.
[1.][2.]
8.2. Complete a list of main publications of the authors under the Project, their participation in exhibitions, received awards
for the products
1�
2�
3�
8.3. List of attachments
Supplementary information to the project rationale executed as individual documents, which, according to the authors, is required for the Project's scientific and technical description and substantiation
Attachment I. Name of attachment, number of pages Attachment II.
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Russian Corporation of Nanotechnologies
Project Name
1. Assessment of completeness of submission
Is there sufficient substantiation of the project’s relevance to the area of nanotechnology? Yes No N/A
Does the project include full description of the structure and composition of the proposed product? Yes No N/A
Does the project contain information as to what elements of the product structure and composition define its key functional features? Yes No N/A
Does the project contain a description of the product (material, device, unit or process) functioning process at a physical model level? Yes No N/A
Does the description of the product's functioning process at a physical model level permit assessment of technical and operating characteristics of the product? Yes No N/A
Has a comparison been made between the stated technical characteristics and the rated values arising from the nature of the physical processes used? Yes No N/A
Does the project contain a detailed description of the process technology? Yes No N/A
Is there mention of an available engineering prototype (laboratory specimen) of the product (material, device or unit) with technical and operating characteristics matching those stated in the project? Yes No N/A
Is there mention of a pre-production run of the product with technical and operating characteristics matching those stated in the project? Yes No N/A
Is the procured and available production equipment adequate for commercial-scale production of the product with the required technical and operating characteristics? Yes No N/A
Does the Applicant have a comprehensive system of control for the technical and operating characteristics stated in the project? Yes No N/A
Panel Review Expert Report
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Rating System:
0 – The project content completely fails to meet the criteria1-2 – The project content fails to meet most of the key criteria3-4 – The project content likely fails to meet the criteria, but an unambiguous answer
is difficult due to missing or incomplete data in the submission5-6 – The project content likely meets the criteria, but an unambiguous answer
is difficult due to missing or incomplete data in the submission 7-8 – The project content meets most key criteria, but there are reservations or deficiencies9-10 – Project content fully meets the criteria
2. Project relevance to the area of nanotechnology
This section is critically important since the corporation’s activities arte limited to the field of nanotechnology.
Rating
Brief comment on the rating
3. Scientific validity
Does the process underlying the proposed commercial production (or individual production steps) deliver the product characteristics
Rating
Brief comment on the rating
4. Technical feasibility
Are the proposed technical solutions for implementing pilot or commercial production (or stages thereof), without [regard for] engineering risks, adequate for making a product (products) with the stated characteristics?
Rating
Brief comment on the rating
5. Other comments on the project that have influenced the project expert’s recommendation
This section is for writing any comments and/or suggestions that were not included in the ratings of individual project sections but are significant to the project.
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Russian Corporation of Nanotechnologies
6. Overall project recommendations
Based on the review results, a recommendation should be provided on advisability of the corporation’s support for the project
on the basis of its scientific validity and technical feasibility. (Any considerations regarding the project’s marketing or investment
viability must not affect this recommendation and will be assessed in a separate investment evaluation to be performed by the
corporation.) There are two types of this recommendation:
“YES”—The expert believes that the project is relevant to the area of nanotechnology and is viable from both the scientific and
technological standpoints�
“NO”—The expert deems supporting the project inadvisable.
Yes No
I hereby state that I have no conflict of interest in the evaluation of this project.
Date
Name
Signature
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Full name
Date of birth (DD/MM/YY):
Level of participation in the Project:
Primary employment:
Full name of the company (unit), address
Job position:
Telephone: +country code (area code) number Е-mail:
Industry:
full name of educational institution, qualification
Experience in investment projects (if Yes, please specify major projects and level of involvement):
Key words describing core competencies:
Extra information about the Project participant’s area of expertise (maximum 1 page):
Signature: _______________________________
Key Project Participants’ Cvs (to be filled-in separately for each team member)
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Russian Corporation of Nanotechnologies
Note: for R&D projects, you must fill-in the sections of the business plan highlighted in bold type (i.e., parts of business plan will be incorporated into your Feasibility/Justification Section)
1. Business plan summary2. Project team (key team members)3. Feasibility/Justification Section
3�1� Introduction3�2� Overview and Justification of the Project
Goals and Objectives R&D Feasibility Relationship between R&D and production Project relevance. Key issues Description of scientific methods, approaches, and fundamentals of technology employed R&D: current status Applicant’s expertise Expectations
3�3� End product and process description Product description Description of similar products Benchmarking of product characteristics. Product requirements Data on the current technology and the innovations Quality management system overview Description of raw materials, components and suppliers Safety at workplace, compliance with ISO 14000 standards Intellectual property protection
3�4� Description of nanotechnology as a project component, and its role in the implementation of the project 3.5. Project R&D and commercialization plan
3�6� Available and required resources and equipment Description of production facilities and new requirements Description of laboratory equipment available Description of existing production and process equipment Description of current instrumentation, measurement and test equipment Other available resources Equipment and instrumentation required Other resources needed (except money)
4. Potential markets (with reference to the data source)4�1� Domestic and foreign market outlook 4�2� Market size, segments, and potential consumers 4�3� Market entrance barriers 4.4 Advertising and marketing plan—promotion strategy for your products(if available) 4.5. Products marketing strategy (if available) 4�6� Competitive advantages outline
5. Project payback and ROI5.1. Cost of R&D and engineering. Overall R&D investment structure. Marketability of R&D products 5.2. Patenting and certification expenses 5.3 Cost of construction, installation and testing 5.4. Primary operating costs 5.5. Projected unit cost (by year) 5.6 Projected selling price per unit. Pricing policy 5.7 Manufacturing program—foreseen production dynamics (by unit and cost—yearly breakdown) 5.8 Cash flow plan (income and expenses—investment period quarterly breakdown, beyond that period—by year)
Business Plan Structure Guidelines
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5.9 Book profit including net income (by year)
5.10. Taxes (by year)
5.11. Tax regime. Tax exemptions
5.12. Expected funding sources
5.13. Foundations and programs providing funds for similar projects (if available)
5.14. Total investment. Funding profile by individual investors (by year)
5.15. Payback period (for recurrent investment). Payback schedule (yearly breakdown)
5.16. Scheduled payment of interest (by year) (if available)
5.17. Valuation of intangible assets (e.g., patents, know-how) (if available)
5.18. ROI analysis (NPV, IRR) –Excel spread-sheet. Description of financial model used
6. Social and economic importance of the project, etc
7. Potential risks and barriers, mitigation strategy
8. Project SWOT analysis (if available)
9. Overall project schedule (network diagram or table)
10. Draft investment agreement (if available)
11. Appendices (additional materials as may be requested by RUSNANO, to be submitted in a free format)
List of appendices to business plan
Documents should be submitted/requested by RUSNANO at the project evaluation stage.
Below please find a list of appendices to be provided by a legal entity in full or in part, as required by RUSNANO. Each should be
signed by the Applicant’s supervisor and stamped by the Applicant:
а) Notarized copies of the company charter and registration documents
b) Notarized copies of the State Registration Certificate (Decision), Tax Registration Certificate, as well as appropriate licenses;
c) Copies of annual financial statements for the last 3 fiscal years, among them balance sheets with appendices, as well as profit
and loss accounts with explanatory notes and appropriate tax inspectorate stamps, receipts, etc. of their acceptance
d) Letter of information on paid/due taxes, levies, fines and penalty fees
e) Audit reports of annual financial statements for the last 3 fiscal years accompanied by auditor licenses
f) Information from the local tax authorities (to be submitted to a legal entity upon its request) on any insolvency claims against
the legal entity in any Federal Court of Arbitration
g) Proof of credit history, or any documents thereof demonstrating the absence of any credit history; a copy of a credit institu-
tion record specifying any credit facility decision for the initiator
h) Copy of decision of the company on participation in the Project, indicating the amount of investment planned
i) Breakdown of payables and receivables for submitted balance sheets grouped by outstanding periods (under 30 days, 30–90 days,
90–180 days, over 360 days), specifying key payers and creditors (5%+ of the total indebtedness), and dates when indebtedness occurred
j) Remaining amounts under off-balance accounts for received and provided guarantees (suretyship and mortgaged property) on the
balance sheets submitted for the last 3 fiscal years, as well as of the date of filing Application for the funding from the Foundation
k) Annual Report of the company (if available)
l) Independent appraiser reports on the asset value of the companies taking part in the Project (if available)
m) Copies of license documents, patents, certificates
n) Pictures of specimen products, and equipment available.
Documents to be provided by an individual should be notarized and include the following copies:
а) Passport
б) Tax Registration Certificate.
The corporation may request other project-related materials, financial and technical audits of the Applicant during the project
evaluation phase as well as request submission of full-scale specimen described in the Project.
