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Charged with providing the catalyst for the diversification of the Russian economy, Skolkovo Foundationís overarching goal is to create a sustainable ecosystem of entrepreneurship and innovation, engendering a startup culture and encouraging venture capitalism.
The Foundation identified five key areas of potential growth: energy efficiency, strategic computer technologies, biomedicine, nuclear technologies and space technologies. To achieve this, the Foundation oversees the creation of the Skolkovo Innovation Center, made up of companies and startups that develop innovative technologies, a Technopark, the Skolkovo Institute of Technology, a new graduate research university established in collaboration with the Massachusetts Institute of Technology and Skolkovo city, located near Moscow. Together, these entities establish a vibrant ecosystem of technology innovation and entrepreneurship.