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The Skolkovo Foundation is a non-profit organization founded in September 2010 by the Russian government with an objective to accelerate transformation of Russia from a resource-intensive to an innovation-based economy. To achieve this objective the Foundation is overseeing the creation of the Skolkovo Innovation Centre composed of companies and start-ups, developing innovative technologies (currently numbering almost 1000), a Technopark, the Skolkovo Institute of Technology (Skoltech), a new graduate research University established in collaboration with the Massachusetts Institute of Technology, and Skolkovo city, located near Moscow. Together these entities will establish a vibrant eco-system of technology innovation and entrepreneurship. More than 30 world’s most successful corporations, including Boeing, Cisco Systems, EADS, GE, Samsung, IBM, Intel, Microsoft, Siemens, Nokia, etc. have already recognized the opportunity Skolkovo presents having signed R&D partnership agreements with the Foundation.