As part of the Skolkovo Innograd project a Foundation for Development of the Center of Research and Commercializing of New Technologies was officially registered in Moscow. It is a nonprofit organization purposed to provide socially useful results in the development of innovations. By the decision of the Ministry of Justice of the Russian Federation an official Certificate of the Federal Tax Service has been issued to the establishers of the Foundation.
The Foundation was established by Russian Academy of Sciences, state corporation “Bank for Development and Foreign Economic Affairs” (Vneshekonombank), “Russian Corporation of Nanotechnologies” (Rusnano), Bauman Moscow State Technical University, the Russian Venture Company and a Fund for Assistance to Small Innovative Enterprises in the scientific and technical area.
In the system of the corporate and scientific management of the Foundation a Council, a Board of Trustees, and a Scientific Advisory Council are being formed. The President of the Foundation is Viktor Vekselberg.