With $1 billion in new announced government financing at its disposal, one of Russia's leading centers of scientific research, the Kurchatov Institute, will manage Russian nanotech research and development. The $1.1 billion nanotech windfall, announced last week, is an enormous sum for science in Russia, where the average researcher is slated to earn only $1000 per month by 2010. The first 3 years of investment, aimed to outfit a dozen or so research centers with laboratory equipment, will be followed by a second stage to run through 2015.
"This will help Russia emerge on the international stage in nanotechnology, where it had been in a state of decay," says Mihail Roco of the U.S. National Science Foundation.