OREANDA-NEWS. September 09, 2011. SME Bank (Vnesheconombank Group), Maritime Bank, Foundation for Promotion of Small Enterprises in Science and Technology and ILIP (St.Petersburg) have commenced financing of an innovation project for establishing flexible fabrication of nanostructured materials, reported the press-centre of SME Bank.

Maritime Bank, a SME Bank’s partner under “Financing for Innovations and Modernization” Program has channeled loan proceeds for mass production of polymer products modified by nanoadditives. The total project cost is RUB 204 million, 150 million of which are provided by SME Bank for 6 years. The project is co-financed by ILIP and Foundation for Promotion of Small Enterprises in Science and Technology.

SME Bank Program “Financing for Innovations and Modernization” is earmarked for providing accessible and long-term resources to SMEs involved in innovative and modernization projects in various industries.