The revenue of SKOLKOVO residents for 2016 amounted to 50 billion rubles

© RIA Novosti / Ramil to Setdiscoverable in votebanning center SKOLKOVO. Archival photoThe revenue of SKOLKOVO residents for 2016 amounted to 50 billion rubles© RIA Novosti / Ramil to Setdiscoverable the image Bank

Revenue of resident companies of the SKOLKOVO Fund for the year 2016 amounted to almost 50 billion rubles, said Russian Prime Minister Dmitry Medvedev.

«Last year alone, the amount of revenue the residents amounted to almost 50 billion rubles,» — said Medvedev at a meeting of the Board of Trustees of «SKOLKOVO» in the Hills.

According to him, the number of resident companies on the territory of the centre has exceeded last year’s mark in the 1600, and 10% go for global markets.

The SKOLKOVO Foundation is a non — profit organization created in September 2010. The Fund is entrusted with the project management innovation center «SKOLKOVO», created as a testing ground for the commercialization of research and development work on five priority areas: energy efficiency, computer, biomedical, nuclear and space technologies.

As noted on the website of the SKOLKOVO Foundation, its mission is the creation of an ecosystem, the creation of favorable conditions for the innovation process: scientists, designers, engineers, and entrepreneurs are working to create competitive high-tech developments of world level.

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