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23 December 2015
Marchmont Innovation News
Russia’s Advanced Research Fund, the national analog of the U.S.’ DARPA, announced plans to back nine new high technology projects, including those aimed at high-strength carbon fiber development and the creation of drones for “ultra-long missions.”
According to the announcement, other new projects are expected to solve a number of pressing research and engineering problems in high-capacity computing capabilities and the improvement of spatial resolution for space photography.
Back in August, the Fund announced its intention to support the development of augmented reality technologies.
Set up in October 2012, the Advanced Research Fund (ARF) is working to back research and development seen as meeting the needs of the Russian military, and is expected to support or put together a leapfrog in science and technology for both military and economic purposes. The Fund is currently working on more than 50 new projects on the premises of 35 dedicated laboratories at Russia’s leading research institutes and academic universities.
The RMI group has completed sertain projects
The RMI Group has exited from the capital of portfolio companies:
Marinus Pharmaceuticals, Inc.,
Syndax Pharmaceuticals, Inc.,
Atea Pharmaceuticals, Inc.