OREANDA-NEWS. On 25 June 2009 was announced, that Saint-Petersburg. MICEX Group and RUSNANO signed an agreement at the St. Petersburg International Economic Forum on cooperation upon creating the new stock sector within the MICEX – The Market for Innovations and Investments.

The Market for Innovations and Investments is being created on the base of the Innovative and Growth Companies Sector (IGC Sector) established at MICEX Stock Exchange since 2007. The new stock sector aims to attract investments mainly in companies from the innovative segment of Russian economy with small to medium capitalization.

The MICEX Group and RUSNANO together will help hi-tech companies to prepare for initial public offering (IPO) on MICEX Stock Exchange. MICEX Group and RUSNANO will also prepare and introduce proposals for improving the legislative environment for Russian innovative infrastructure development. MICEX Group and RUSNANO will join their efforts in industry analysis and marketing in the area of nanotechnology.

The first step towards creating the Market for Innovations and Investments will be the formation of a Coordinating Council for this stock sector at MICEX Stock Exchange.

The decision on this was made at the meeting of the MICEX Stock Exchange Board of Directors on June 4th 2009. RUSNANO CEO Anatoly Chubais was approved as the chairman of the Coordinating Council of the Market of Innovations and Investments at MICEX Stock Exchange. Vice-president of the MICEX Stock Exchange Gennadi Margolit was elected as an executive secretary of the Coordinating Council. The Coordinating Council will consist of members nominated from government officials, business leaders and other authorities.

The main task for the Coordinating Council is to effect the state policy in the field of innovative development of Russia, building the infrastructure and attracting investments to the nanotechnology companies, commercializing the promising technologies, operating, developing and enhancing the Market of Innovations and Investments of MICEX Group.

The new sector will have three main segments for companies with different level of maturity and capitalization and various investor groups.

The IGC Sector, successfully working at the MICEX Stock Exchange since 2007 which allows the rapidly growing companies to carry out initial and secondary public offerings at all main trading modes of MICEX Stock Exchange.

The private stock placement platform. Unlike the IGC Sector, the possibility of private placement using the advantages of stock exchange technologies and listings will be emphasized instead of IPO and creating liquid secondary market. The secondary circulation will be carried among qualified investors oriented towards trading large blocks of shares.

The placement and trade sector for non-public companies (information board), which allows to raise financing for young and growing companies that aren’t ready for placing and circulating their stocks on the full-fledged public market.