Skolkovo Foundation

 

 

A non-commercial organization, founded in 2010, which functions as the managing company of the Skolkovo Innovation Center. The goal of the Foundation is to support technological entrepreneurship in Russia and to commercialize the results of scientific research activities.

 

The number of Skolkovo residents already exceeds 2,700 and the Foundation provides them with an array of services that are necessary to roll out developments onto the Russian and international markets. Resident status gives a company tax and customs privileges. In 2019, residents’ revenue amounted to over 100 billion rubles, and the amount of investment raised amounted to 13 billion rubles. Since 2019, legislation has allowed any organization conducting research activities in Russia to access the Skolkovo Innovation Center’s services and benefits.

 

Located at Skolkovo Innovation Center is the Skolkovo Institute of Science and Technology (Skoltech), which is listed in the Nature Index “Top-100 Young Universities” list. The Innovation Center infrastructure comprises, among other things, research centers belonging to industrial partners and the largest Technopark in Europe.

 

In 2019, three new partner R&D centers belonging to Sibur, TMK, and Tatneft, opened at the Innovation Center. A total of 750,000 square meters of residential buildings, research and educational centers have been put into operation on Skolkovo territory, and extrabudgetary investment in infrastructure exceeds 100 billion rubles.

 

Development Institutions of the Russian Federation

The Government of the Russian Federation is currently reconfiguring the system for development institutions, allowing for their integration into VEB.RF’s managerial sphere. A centralized investment block is being created at VEB.RF to implement projects that will contribute to achieving the national development goals. The priority of VEB.RF and the development institutes under its coordination will be to consolidate public and private investment resources towards making a breakthrough in the country’s development and increasing the standards of living. We participate in the development of the Russian economy together with other development institutions VEB.RF Group: Rusnano, Industrial Development Fund, Russian Export Center, SME Corporation, Russian Information Technology Development Foundation.