Oleg Pertsovskiy presents Skolkovo Foundation, the new startup epicentre of the Russian economy
Ecosummit TV: Oleg Pertsovskiy presents Skolkovo Foundation at ECO13 Berlin. Skolkovo is a strategic development initiative backed by the government to diversify Russia’s economy through innovation and entrepreneurship. To kickstart a new startup culture, the Skolkovo ecosystem consists of an innovation centre with 5 clusters including an energy cluster, a university in cooperation with MIT as well as a new smart green city quarter located 20 km in the west of Moscow’s city centre (Kremlin). In particular, Skolkovo supports startups with a 50% co-financing grant of up to $1M to cross the gap from the research lab to the market. The other half should come from angels or VCs. Recently Skolkovo got another $4B commitment from the government to accelerate the development until 2020. Skolkovo is a very important project that contributes to making Russia more independent from finite resources like oil and gas.
The ECO13 Berlin presentation slides of Oleg are available as PDF.