Russia’s nuclear giant to launch venture fund

Rosatom, the national nuclear energy corporation, is launching its own venture fund later this year.

The holding firm is expected to shell out more than $105m for the fund to begin with.

The new fund will reportedly focus on start-ups, technologies and solutions Rosatom could use at its numerous production sites. It is expected that the proprietary fund will help the nuclear energy giant make inroads into other sectors for diversification.

Rosatom, the umbrella company for more than 360 nuclear energy assets, has plans to invest at least 4.5% of its annual proceeds in R&D.

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