Skolkovo projects show effective state-business partnership in high-tech sector

The report notes that by the end of 2020, 11 companies will lose their status as a participant in the Skolkovo project due to the expiration of a ten-year period.
The experience of the Skolkovo Foundation has proven the success of the joint work of government agencies, businesses and young innovative companies on creation of new high-tech enterprises in Russia, Viktor Vekselberg, Chairman of the Skolkovo Foundation Board of Directors, Head of the Skolkovo Innovation Center, said on Tuesday.
"Now Skolkovo has almost 2,800 participants with a combined revenue of more than 100 billion rubles ($1.4 bln) last year alone. When we just started building the Innovation Center 10 years ago, many did not believe that we would be able to achieve such results. But in December 2010 we received 11 companies that became first participants in the project. Over the past decade they have grown into successful enterprises, and a high-tech city has been built on the former vacant lot outside the Moscow Ring Road. Our experience has shown that the format when the state, innovators and business operate on an equal footing is very effective," Vekselberg said as quoted by the foundation’s press service.
"Of course, I don’t want to part with the participants who have become part of our team. Therefore, we hope that our cooperation will continue, simply in a different capacity," Vekselberg added.
The report notes that by the end of 2020, 11 companies will lose their status as a participant in the Skolkovo project due to the expiration of a ten-year period.


Source: https://tass.com/economy/1235383