Global Trade Alert

The Russian Prime Minister Vladimir Putin signed a ruling (the Government Decree # 1021of 16 December 2010) to introduce state subsidies to 'Center of Development and Commercialization of new technologies' of 767.5 million rubles (19.5 million euros) to support modernization activities of the Russian economy through the creation of the innovation center Skolkovo (www.sk.ru).
The strategic goal of the Skolkovo Innovation Centre is to concentrate international intellectual capital, thereby stimulating the development of break-through projects and technologies. In the course of implementation of the project, companies that are engaged in innovative development are discovered. After a selection process, some of these become project participants of the centre. They are provided with all assistance necessary for development. The Skolkovo Foundation and its partners transform the infrastructure, resources and other possibilities of the centre, into effective services for companies that are project participants. (www.sk.ru)