The Skolkovo Innovation Center is a high technology business area that is being built at Mozhaysky District in Moscow, Russia.
Although historically Russia has been successful with development of science and technology, its lack of entrepreneur spirit led to government intervention of patents and nonproliferation of Russian tech companies beyond the scope of regional service.
As corporations and individuals become "residents" of the city, with proposed projects and ideas receiving financial assistance.
Skolkovo was first announced on 12 November 2009 by then Russian Prime Minister Dmitry Medvedev.
The complex is headed by Viktor Vekselberg and co-chaired by former Intel CEO Craig Barrett.