Bulgaria to set up state-owned nanotechnology company

Posted: April 2, 2009
Bulgaria to set up state-owned nanotechnology company
(Nanowerk News) Apparently trying to copy Russia's model with Rusnano, Bulgaria’s cabinet decided to set up a state-owned company dealing in nanotechnology. The venture will be called Bulgarian Centre of Nanotechnology JSC and its capitalization will amount to 25 million euros.
“The creation of this company is a significant step towards building a research and industrial capacity in the fields of nanotechnology, nanomaterials, nanoproduction and micromachinery, which, undoubtedly, is going to have a positive overall effect on the economy of our country,” reads the rationale for founding the company.
IBM will be a major partner in Bulgaria’s project.

Source: Standart