Skolkovo

Window of

Opportunities for S&T Professionals

1

Russia has high potential for innovations and R&D

14 2013

Global Innovation Quotient

Calculated for 200 countries. They are rated by rate of

patent registration, concentration of researches,

intensity of R&D, volume of investment in R&D etc.

Bloomberg

4in Europe

2012

Dow Jones VentureSource

Evaluates venture markets by a number of criteria.

Wall Street Journal, Heritage Foundation

2

DIVERSIFY THE RUSSIAN ECONOMY THROUGH INNOVATION AND ENTREPRENEURSHIP

GROW COMPETITIVE KNOWLEDGE-BASED COMPANIES

INTEGRATE RUSSIAN SCIENCE AND TECHNOLOGY INTO THE GLOBAL ECONOMY

DEVELOP HUMAN CAPITAL THROUGH WORLD-CLASS RESEARCH

Skolkovo Mission

Skolkovo is a strategic development institution established by the Russian Government

2

Science

Large business

Venture capital

State financing

Sk

Small innovative enterprises

3

Guiding principles

Open, transparent, and fair: essential to attract world-class talent, institutions and businesses

Maximum private sector participation

3

Physical and virtual layers

Self-sustaining over time

International standards

4 What Skolkovo is and What Skolkovo is not

We provide financial grants

We are non-profit

We are not an investment fund: we

do not invest, take equity stakes,

board seats or claim for the IP rights

We finance and support R&D and

early-stage companies

We don’t finance or provide for tax

incentives for production or

advanced commercial activity

We are a platform for international

collaboration in R&D and technology

transfer

We are not a sales agent

We support and finance both Russian

and international innovation

We are not limited to Russian

technology; our mandate is to

enhance 2-way tech transfer

5

Hi-tech corporations are attracted to Skolkovo

30 R&D centres of key partners have signed an agreement to be located at Skolkovo 3500 employees by 2016 25 billion rub. of private investment in R&D Centres by 2016

In 2013 investment agreements and construction contracts were signed. Construction works of main buildings for the ecosystem residents began

• Technopark (I and II stage) • SkolTech • Residential premises in zone D2 In 2014 will be put into operation: • Technopark (I stage) • Renova-Lab • Skolkovo Business Centre (“Matryoshka”)

Key elements of Skolkovo ecosystem

The university has started practical work

80 students (masters, PhDs, postdocs) 28 teachers and professors 6 CREI created - Centers for Research, Education and Innovation

Start-ups

1020 start-ups 13 thousand* jobs

11 billion rub.* revenue 270* applications for registration of IP

14 Shared-use Centres accredited

R&D Centres

Investment

SkolTech

City

The group of investors is formed and commercial deals were closed

101 resident supported by accredited venture funds 2,5 billion rub. – investment agreements signed 25 billion rub. – non-binding commitments of accreditated venture funds

* - preliminary estimate before formal year-end closing

as of February 2014

6

Industrial Partners of Skolkovo

7

Skolkovo Clusters

Skolkovo focuses on five broad industries and builds synergies between them

Energy Efficiency

&

Cleantech

Hardware,

Software

& Distributed

Computation

Pharmaceuticals,

Biotechnology,

Medical Devices

&

BioIT

Space

Technologies,

Tele-

Communications

&

Navigation

Systems

Nuclear &

Radiation

Technologies,

Materials

&

Engineering

8

The City of Skolkovo

D1 –South mixed-use section

D2 – Technopark mixed-use

section

D3 –University mixed-use

section

D4 –North mixed-use section

Central area with the main

city guest sites and transport

hub

Z2 – landscape within the city

limits outside the planned

sections

D1

D4

D2

Z1

D3

• 400 hectares of land

• 2.5 million sq.m.

• 30,000 employees

• 20,000 residents

• World-renowned

architects

9

Skolkovo attracts startups from all over Russia

236, 23%

320, 31% 265, 26%

110, 11%

91, 9%

Projects structure by clusters

Biomedical

IT

Energy

Space

Nuclear

1022

27.12%

22.37% 21.02%

8.47%

6.10%

4.75%

4.41% 3.73% 2.03%

Where our startups come from

Research Institutions

Middle sized business

Independent teams

International cooperation

Development institutions of Russia

Others

Venture funds

Other technoparks

Major Industrial companies

44 regions. Over 40% od the startups come from cities other then Moscow

10

Skolkovo startups get the state and administrative support

Skolkovo Startups - are those companies, which have proposed

innovative solutions to the most significant scientific, social and economic problems. We encourage innovations in five key branches:

The Skolkovo startups get:

Access to the research infrastructure and intellectual property protection Simplified visa process for foreigners

Grant financing

Tax benefits:

– VAT – 0%

– Profit tax – 0%

– Property tax – 0%

– Reimbursement of customs payments

Acceleration and development support

The results of the Skolkovo startups innovation activity:

$ 300

13,200

270

working

places

mln. of revenue

IP applications

232 grants approved

$ 200 mln. of grant

financing

Cluster Support

Стадия «идеи» Commercialization

Trainings and coaching

Team

R&D

Market

Financing

Seed stage R&D stage Implementation

stage

External expertise

Industry expertise

Technopark facilities, IP protection

Russian and international exhibitions

Roadshows

Meeting with potential customers

Business angels

Venture funds

Private equity

Strategic investors

12

1. Register at http://sk.ru

Fill in application form

Skolkovo Foundation Expert Panel Innovator

2. Evaluation of the

application for formal

criteria:

• Checking the contents of

documents

• Evaluation for compliance

innovation priorities

• Legal review

– Russian legal entity created

for R&D purposes and

commercialization of the

results

3. Substantive evaluation of

the project:

For each project the expert

panel consists of 10 experts

that are randomly selected

Project selection criteria:

1.Theoretical feasibility

2.Significant competitive

advantage

3.Strong potential of

commercialization

4.Competent team

Getting Skolkovo participant status (3 steps)

More than 1000 experts, more than 40% international

13

1. Submits required

documents at http://sk.ru:

– Investment memorandum

– Project technology roadmap

– Financial plan

Skolkovo Back Office

Grant Committee

Innovator

Skolkovo Front Office (Cluster)

2. Finalizes document package:

• Evaluation for compliance formal criteria

• Decision to consider the project

• Support the project during internal expertise process and at Grant Committee

3. Reviews project and prepares recommendations:

• Internal expertise (financial, legal, investment)

• External independent technology and business expertise (more than 1000 experts)

4. Makes final grant decision:

• 10 members, including 5 independent members

• Monthly meetings

• Innovator personally presents the project

Getting Skolkovo grant (4 steps)

Skolkovo expert panel

1 044 experts

Panel of 3 and more experts for getting grant financing

Panel of 5 and more experts for getting participant status

Scientific experts – have publications in leading scientific journals.

Foreign experts – from: USA 11% , Germany 4,3%, UK 3,4%, Canada 1,5%, Finland 1,2%, etc.

Technology experts – CTOs and R&D directors of large companies, and small SMEs.

Business experts – top management of top technology companies, professional consultants, partners of venture funds.

Experts are not Skolkovo employees, their names are not known to project applicants or Skolkovo employees who are in contact with applicants.

Only non-affiliated experts are chosen to evaluate projects.

14

Nobel prize laureates 3

Academicians of RAS & RAMS 74 University Professors 222

Foreign PhDs 202

Founders ofInnovation businesses

79

CEOs 82 Partners at consulting firms 69

Expert panel

25%

33%

54%

71%

Competencies

Independence

15

How to become an expert

• How to become an expert

Download an application form http://community.sk.ru/foundation/expert-directorate/p/page.aspx ,

which you have to fill and send to mailbox Experts@sk.ru for the review of the Foundation

All following steps are to be agreed with cluster after the completion of the application form

Requirements

Recent and relevant experience in

following areas:

– Scientific

– Technical

– Business

Roles of experts

Experts provide their conclusions on:

– application for Skolkovo resident

status

– application for a grant

All applications are reviewed by experts

remotely without expert physical

presence

Experts

Guidance Start of project

review Expression of

interest NDA and contract Application form

16

Q&A and Contacts

Yuri Khakhanov Energy Efficiency Cluster Skolkovo Innovation Center YKhakhanov@sk.ru +7 (985) 77 00 365