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Russian Silicon Valley

Skolkovo is a science city built from scratch. The Russian president Dmitry Medvedev signed the Federal Law of the Russian Federation N 244-FZ ‘On the Skolkovo Innovation Center’ on September 28, 2010.

400 hectares
  • 21thsd


  • 21thsd

    workers commute
    to the innovation
    center daily

The goal of the Skolkovo Foundation is to create a system conducive to the development of enterprise and research in the five priority technological areas of the national economy: energy efficiency and conservation; information technologies; developing equipment and pharmaceuticals in biomedical technologies; nuclear technology; and space technology.

Entrepreneurial development in Russia
  • 2013 year
  • 2016 year
    100,000 entrepreneurs

Researchers, engineers and businessmen, united within the innovation ecosystem, work to create successful and competitive world-class projects. The ‘ecosystem’ is made up of the following key elements: startups, R & D centers, venture capitalists, Technopark Skolkovo Institute of Technology (Skoroteh), the business community, and the innovative city.

According to the head of the Skolkovo Foundation, Viktor Vekselberg, the project will no longer require funding after 2025. By 2020, Skolkovo will contribute 213 billion rubles (in excess of 6 billion USD) to the economy, which exceed the investments into it. The project is planned to contribute 1.5 trillion rubles (43 billion USD) to the GDP by 2030.

Skolkovo financing BY 2020
14.5 billion
by 2020
  • 3.9 billion USD

    from the federal

  • private

924 million

will go to the project’s

The Russian Startup Tour was launched in 2014. Skolkovo has visited more than 25 Russian cities to establish communities of young talented entrepreneurs, creators of innovative projects, investors, technology parks, as well as colleges and scientific institutes.

Skolkovo 2020
  • 50


  • 1500

    More than
    1,500 startups

  • 2000

    More than 2,000
    to register

  • 2.9 billion

    More than
    2.9 billion USD
    revenue from

Viktor Vekselberg
Viktor Vekselberg
Shareholder and chairman of the board of Renova Group

He graduated with honors from the Moscow Institute of Transport Engineering (MIIT) and enrolled in graduate school at the Computing Centre of the Academy of Sciences. He is a Candidate of Mathematical Sciences.

Viktor Vekselberg co-founded the Renova Group in 1990. He founded the SUAL Group in 1996 and served as the Chairman until 2003. Viktor Vekselberg served on the Board of Directors of TNK-BP from 2003 to 2013. He was Chairman of the Board of Directors at United Company RUSAL from 2007 to March 2012.

Vekselberg is a Member of the Board of the Russian Union of Industrialists and Entrepreneurs (RSPP) and Chairman of the International Affairs Committee of the RSPP.

In March 2010 Viktor Vekselberg was appointed head of the Russian side of the project to create the Skolkovo Innovation Center by decree of then Russian president Dmitry Medvedev. He has been the President of the Development Fund of the Center of the Development and Commercialization of New Technologies (the Skolkovo Fund).

In 2014, Viktor Vekselberg ranked third on the Forbes magazine list of the wealthiest businessman in Russia.

Brand personalities
Viktor Vekselberg

Shareholder and chairman of the board of Renova Group