Skolkovo, the much debated public effort by the Russian government to kickstart a startup culture inside the country.
With additional private investor money projected on top of the government commitment, Skolkovo’s new funding should total about $15 billion through 2020, according to a report in The Moscow Times.
Skolkovo is a massive government-led effort to diversify the Russian economy away from its dependency on natural resources and build an entrepreneurship culture inside the country.
At its heart is a 1,000-acre site about an hour from central Moscow that is slated to become a hub for venture-backed startups, technical research and education.
Right now, the site contains a lone Hypercube. It is basically surrounded by vacant plains at this point.
Read more... Issues that Russians in the startup community debate regularly
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