1. Образец заголовка ‒Образец текста ‒Второй уровень ‒Третий уровень ‒Четвертый уровень ‒Пятый уровень S KOLKOVO S KOLKOVO I NNOVATION C ENTER V ERONA, O CTOBER 2011

2. 1 C URRENT R USSIAN S ITUATION Time Technology maturity / market acceptance The “Gap”:  Research not linked to market  Little early-stage financing or services  Result: little commercialization Basic Research Applied Research Entrepreneurs EarlyLateMid Private Equity IPOs Large Corporates Commoditization of Technology VC

3. 2 S KOLKOVO E COSYSTEM Time Technology maturity / market acceptance Basic Research Applied Research Entrepreneurs EarlyLateMid Large Corporates Commoditization of Technology VC Skolkovo Institute Innovation Center 1.5 clusters 2.Technopark 3.R&D Centers City Infrastructure G OAL : C LOSE THE G AP WITH T OOLS FOR E FFICIENT C OMMERCIALIZATION C ORE E LEMENTS

4. 3 D IVERSIFY AND G ROW THE R USSIAN ECONOMY THROUGH INNOVATION AND ENTREPRENEURSHIP C REATE GLOBALLY - COMPETITIVE KNOWLEDGE - BASED COMPANIES F ULLY -I NTEGRATE R USSIAN SCIENCE AND TECHNOLOGY INTO THE GLOBAL ECONOMY D EVELOP HUMAN CAPITAL THROUGH WORLD - CLASS RESEARCH AND EDUCATION S KOLKOVO IS A STRATEGIC DEVELOPMENT INITIATIVE DESIGNED TO : T HE M ISSION OF S KOLKOVO

5. 4 Skolkovo Foundation is a development agency focused on growing high technology companies in Russia Focused on building an innovative ecosystem and populating it with start-ups Total Skolkovo Center will have 31,000 employees and 21,000 residents Innovative ecosystem developed for 3 communities – Skolkovo Institute of Science and Technology (SkiTech) in cooperation with MIT (1,200 students, 500 professors and PhD’s), R&D centers of blue-chip corporations (~50) and start-ups (~1,000) Skolkovo campus operating as a nearly tax free economic zone (no profit tax, no VAT, reduced social tax rate) W HAT IS S KOLKOVO ? Skolkovo Innovation Center is to become an innovation hub that will stimulate innovative entrepreneurship

6. 5 W HAT S KOLKOVO IS, WHAT S KOLKOVO IS NOT We provide financial grants We are not-for-profit We finance and support R&D and early-stage companies We are a platform for international collaboration in R&D and technology transfer We support and finance innovative R&D and technology start-ups We are not an investment fund; we do not invest, take equity stakes or board seats We do not finance production or advanced commercial operations We are not a sales agent We are not limited to only Russian technology ; in fact our mandate is to enhance 2-way tech transfer

7. 6 1. Increase your capital efficiency: a) Tax benefits (No profit tax, no VAT, 14% Social taxes) b) Apply for non-dilutive financing from the Skolkovo Foundation 2. Enjoy lower administrative burden: a) Quota-free recruitment of foreign employees b) No import duties on hi-tech equipment 3. Technopark services: a) Access to C enters of Shared Facilities and Applied Research Centers b) Consulting services (accounting, legal, intellectual property, business trainers services) 4. Obtain better access to markets: a) Tight links to global leaders (= information on future technology requirements) b) Help in accessing international financial markets 5. Information and PR support K EY ADVANTAGES OF BECOMING A S KOLKOVO RESIDENT

8. 7 Applicant 1 Filling out an electronic form Registration on the website: http://app.i-gorod.com Skolkovo Foundation 2 Application evaluation on formal grounds Expert Board 3 Consideration by Expert Board Criteria: Completeness of documents; A legal entity founded in accordance with the legislation of the Russian Federation; Fits cluster priority areas (available at Skolkovo website). Criteria: Competitive advantages over worldwide benchmarks; High potential of commercialization; Technical feasibility; Project team has knowledge and experience for success. 10 Experts selected randomly from the database in the relevant research area (currently 571 experts) ~ 20 days R ESIDENT STATUS ASSIGNMENT

9. 8 Applicant 1 Investment Memo; Project Execution Plan & Timetable; Financial Plan; Technical Description Submit Document Package Relevant Cluster 2 Prepares document package for Grant Committee Selection Criteria: Skolkovo residents only; Convincing business case (market potential; enterprising team) Co-investor ~ 2 months Investment Office 3 Reviews project and prepares Grant Committee recommendations External technical expert review; Market review; Use of funds review; Review of team and technology Grant Committee 4 Makes Grant decision (and/or required project changes) 10 committee members including 5 independent; 2 times a month in-person meetings; Applicant participates in project presentation F AST AND TRANSPARENT GRANT - MAKING PROCESS

10. 9 Standard Skolkovo procedures Information exchange regular protocol Investment processes coordination Physical placement in Skolkovo Participation in project management Systematic joint legislative initiatives Lobbying (GR) Equity &/or R&D collaboration with start-ups Character of collaboration with Skolkovo Current status: 9 R&D centers with total no. of employees of ≈ 540, budget of ≈ $200M Current status: Volume of corporate venture investments is $30 million Current status: 26 start-ups supported, the sum of attracted investments is about $42 million Regular venture activities Regular research activities Strength of Relationship Company type of business in Skolkovo K EY CORPORATE PARTNERSHIP ACTIVITIES Key Partners – industry leaders typically create and operate an R&D center in Skolkovo, co- invest in promising Skolkovo start-ups or offer early commercialization opportunities to Skolkovo startups

11. 10 S KOLKOVO V ALUE P ROPOSITION FOR KEY PARTNERS Alignment with business strategic issues IP Protection Ensuring demand Strategic business promotion hub Connecting to ecosystem Education HR Research Start-ups infra Infrastructure Cross border (monetary, customs, visas) Facilities (living, transport, telecoms, etc) Incentives Tax benefits Co-financing with Skolkovo Seeing corporations as a major vehicle to build and launch “ecosystem” mechanisms, Skolkovo is tailoring its value proposition as an answer business long-term needs and concerns.

12. 11 K EY PARTNERS R USSIAN COMPANIES I NTERNATIONAL COMPANIES

13. 12 Preselected 204 start-ups as residents of the free economic zone Grants for $150 million approved Agreements with 18 venture funds for $234 million of co-funding have been signed. Agreements on creation of 9 corporate R&D centers signed: 540 people, total budget over $200 million K EY RESULTS ACHIEVED Executive summary as of 20 October, 2011: