20 April 2015
The Russian Skolkovo Foundation and the Chinese Cybernaut Investment Group will jointly develop, finance, and market high-tech innovations. The result will be a joint Russian-Chinese incubator, robotics center, and $200 million venture fund. The R&D business incubator will be situated at the Skolkovo Innovation Center outside of Moscow, and it will house at least 15 Skolkovo resident companies that are conducting research into information  technology, robotics, space, energy-efficiency technologies, and new materials.
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