Skolkovo

The strategic goal of the Skolkovo Innovation Centre is to concentrate international intellectual capital, thereby stimulating the development of break-through projects and technologies. In the course of implementation of the project, companies that are engaged in innovative development are discovered. After a selection process, some of these become project participants of the centre. They are provided with all assistance necessary for development. The Skolkovo Foundation and its partners transform the infrastructure, resources and other possibilities of the centre, into effective services for companies that are project participants.

Within the Skolkovo project, five clusters are created, each one developing innovative projects. These are the information, biomedical, energy efficiency, nuclear and space technologies clusters.

Skolkovo Foundation is the principal agency responsible for Skolkovo Innovation Center, a scientific and technological centre for development and commercializing advanced technologies. It is a Russian non-profit organization founded in 2010 and charged by Russian President Dmitry Medvedev with creating a new science and technology development center in the Moscow suburb of Skolkovo. The Skolkovo innovation ecosystem comprises the Skolkovo Institute of Science and Technology (SkTech) established in partnership with MIT, corporate R&D centers, business incubators, private seed and venture funds, and start-up companies, as well as residential space and social infrastructure. It is a full-fledged city with 30,000+ residents and employees.

Skolkovo is governed by a special law, which gives its resident companies special economic conditions for running their businesses. More than 300 companies have received the status of Skolkovo resident.