Skolkovo (also spelled Scolkovo) is a village in Odintsovo district of Moskovskaya oblast. Skolkovo is located in the eastern part of the district on Skolkovskoye highway, about 2 km to the west from MKAD highway.
In 1998, Skolkovo village became the place where the complex of satellite broadcasting company “NTV-Plus” was constructed.
Since 2006, close to Skolkovo the campus of Moscow School of Management “Skolkovo” is being constructed, and since 2010, there are the plans to build the innovation center of Skolkovo here. The center is also known as the Russian “Silicon Valley”.
March 18, 2010, Russian President Dmitry Medvedev announced the plans to create Skolkovo ultramodern scientific-technological complex for the development and commercialization of new technologies. Scientific director and one of two co-chairs of the scientific complex is a Nobel Prize winner Jaures Alferov.
Skolkovo complex features
Skolkovo center will be the prototype of the city of future. It should become a major testing ground for new Russian economic policies.
Skolkovo, being the largest center for the development and commercialization of new technologies, will have the branch offices and laboratories of leading universities and companies from Russia and other countries.
Skolkovo complex will work in five priority areas of Russian modernization - energetics, information technology, telecommunications, biomedical technology, nuclear technology.
The period of time to built the Russian “Silicon Valley”: 3 to 7 years.
On the territory of 370 hectares academic research and postgraduate training will be carried out. Skolkovo will have innovative companies, hi-tech manufacturing facilities, housing area, theater, etc. The total population of Skolkovo will be about 40 thousand people.
The project cost is estimated at 4-6 billion dollars. The funding for innovation center of Skolkovo will come from the federal budget of Russia in the part of development of infrastructure (including scientific infrastructure), creating design documentation for non-commercial sites.
The remaining objects, most of which will relate to the commercial infrastructure, however, including some social facilities, will be funded within the system of co-financing of Russian state and business.