Rosnanotekh is a russian non-profit state owned corporation. It was setup by Law "On the Russian Nanotechnology Corporation". The resolution on forming the new body, which ensures interaction between government, business, and scientists in the implementation of state policy in nanotechnology and the nano-industry, was signed by Russian Prime Minister Mikhail Fradkov. Rosnanotekh Supervisory Board has eight members with the government nominates three seats, the president nominates another three seats, while the State Duma and Federation Council will confine to a seat each.