Moscow company Crocus Nanoelectronics received a subsidy from the city authorities for reimbursement of logistics costs

The Moscow authorities have approved subsidies for 50 Moscow-based companies, including Crocus Nanoelectronics, for a total amount of RUB 71 million in 2019. The subsidies received from the Department of Entrepreneurship and Innovative Development of Moscow should be used to reimburse the companies' expenses related to the sale and transportation of goods produced in the capital outside Russia.

The relevant support is provided to any Moscow exporting companies, except for representatives of the fuel and energy industry. Such companies can count on a subsidy of up to 3 million rubles from the city budget for the certification of export products, obtaining protection documents (certificates or patents) and the transportation of goods, and also a subsidy of up to 500 thousand rubles for the certification of management systems. In order to receive relevant support, a company must meet a number of requirements: be registered as a taxpayer in the territory of Moscow, have been a legal entity or individual entrepreneur for at least 6 months and have no tax arrears in an amount exceeding 100 thousand rubles. In addition, the company should not be subject to bankruptcy, reorganization or liquidation procedures.

In 2019, Moscow authorities received 83 applications from 64 capital companies for the relevant subsidy. According to the results of consideration by the sectoral commission of the Department of Entrepreneurship and Innovative Development of Moscow for financial support of legal entities and individual entrepreneurs in the field of export, innovation and human resources of industries, 69 applications from 50 Moscow enterprises were approved, with some exporters receiving several subsidies at once.

Of the 69 approved applications, 40, including Crocus Nanoelectronics, were for compensation of costs for transportation of goods abroad, 14 applications - compensation of costs for certification of quality management system, 12 applications - for certification of goods, and 3 applications - for compensation of costs associated with obtaining security papers.

"In total, we approved issuing subsidies to 50 companies. Thanks to the allocated subsidies, it will be easier for Moscow companies to take their products abroad, where there is a market niche and demand for it, to increase production turnover, scale up business and improve the prestige of domestic goods", - commented the head of the Moscow Department of Entrepreneurship and Innovation Development Alexey Fursin.

About the company

"Crocus Nanoelectronics" is the first and leading enterprise of electronic industry in Russia, engaged in the production of electronic components by end of line (BEOL, back end of line) with design norms of 90/55nm on 300mm wafers. Established at the initiative of RUSNANO jointly with Crocus Technology in 2011.

The company is a technology leader in Russia in the field of non-volatile memory production using Magnetoresistive Random Access Memory (MRAM) and Resistive Random Access Memory (RRAM) technologies. MRAM and RRAM offer lifecycles of up to 20 years.

The company's portfolio includes RFID and microcontrollers, bioelectronic chips, MRAM and RRAM memory chips, magnetic sensors for industrial, communications, automotive and consumer electronics. The company also provides services for contract manufacturing of integrated circuits on 300-mm wafers and development of technological processes.

The company's partners are such major technology companies and manufacturers as IBM (USA), SMIC (China), Tower Semiconductors (Israel, Japan), HLMC (China), Adesto Technologies (USA).

Export is the leading direction of the company. At present time, Crocus Nanoelectronics exports more than 90% of its production, the annual export turnover exceeds 37 million rubles.

Production .

The company specializes in contract manufacturing of electronic components, magnetic structures, sensors and integrated circuits in the final stage of production cycle (back end of line). Innovative equipment is used for production, and a set of metrological equipment enables continuous monitoring of integrated circuits and prompt detection and elimination of security vulnerabilities.

Particular attention of Crocus Nanoelectronics is paid to personnel policy, training programs, confidentiality of document flow, regular audit and information security. The combination of these measures ensures security and trustworthiness of the company's production services.

Today the production capacity of the company is up to 4 thousand wafers per month. Total area of the company production facilities is 6.9 thousand square meters. All of them have purity classes of 1000 and 10000. Production is localized on the basis of the innovative Technopolis "Moscow".