May2013en

MONTHLY REPORT ON THE ACTIVITIES OF THE

SKOLKOVO FOUNDATION

May 2013

2

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 1. Participants

KPI Target Value Result on 31.05.2013 Management Commentary

The number of applications for intellectual property created as a result of innovation at Skolkovo (including matter subject to copyright).

100 33 In May, 6 applications for intellectual property rights were received. The largest number of applications filed was with the Energy Efficiency division (36%)

The share of external co-financing for projects attracted by participants, in %

50% 44% Since the beginning of the year 19 grants have been approved, of which there were:• 5 stage 2 grants (with co-financing of ≥ 50%)• 6 stage 1 grants (with co-financing of ≥ 25%)• 8 mini grants (do not require co-financing)

Strategic Goal

Effectively manage the portfolio of innovative projects and guarantee their cooperation with each other and with key elements of the innovation ecosystem

3

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 2. Partners


Number of jobs created in R & D centers of key partners, the formation of which was agreed on at Skolkovo.

500 344 The number of jobs in R & D centers increased by 10 due to an agreement with Danfoss and an additional agreement with Kamaz

The involvement of venture capitalists (VC):

The share of investments from accredited VCs of the total investment in participants with respect to the proportion of participants that have attracted external funding from partners,%

20 28,7* KPI is progressing according to schedule. Outside investment for participating companies reached 59% of the planned annual target. Two indicators mentioned lag in comparison with the schedule (actual performance 25% against the expected 40%): the number of accredited venture capital funds and the number of transactions of business angels. In order to compensate for the lag, the Investment Service plans to significantly expand the list of investment organizations subject to accrediting, and create a club of business angels and hold at least 2 extended sessions. 11 major events focusing entirely on investors will be held in the second half of the year.*Coefficient of involvement: ( 47.6% + 9,7% ) /2 = 28.7%

Strategic Goal

Use the skills and resources of partners to develop research infrastructure and support for participants in commercialization and integration of innovations from participating companies into global technological chains

4

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 City

Strategic Goal

To complete the design and construction of the city, scheduled for 2013-2014.

Facility NamePlanned date for completion of the current phase *

Status on 31.05.2013Management Commentary

(including new construction schedules in the event of deviations from the plan)

Scheduled date of

completion

Town planning documentation

Stage P – June 2013

The project documentation is prepared by Ove ARUP and Herzog & De Meuron

Contracts for the excavation and piling work are planned to be concluded in June 2013

October2014

1. SkolTech Complex

Stage P – March 2013

Project documentation prepared by Valode et Pistre and has been submitted for expert approval. Forecasted completion of approval is June

2013 (1st week). October2014

2 .Technopark Complex

Beginning of Construction –

May 2013

Contract for excavation and piling signed.The contractor has mobilized and begun work.

Stage P – February2013

Project documents for block 9 has been submitted for expertise, the forecast for approval is June 2013. Expert examination for blocks 10 and

11 has not started (low-rise buildings) August2014

3. Apartments

Beginning of Construction –

May 2013

Excavation and piling work has started on the 9th block , work on blocks 10 and 11 will begin in June.

Stage P – September 2013

Final Stage of choosing the winner for construction of office centers.Planned deadline - December 2013

December2013

4. Technopark Office Center

5. Social infrastructure facilities

Stage P – October 2013

Project organization selected. Design in progressOctober

2014

5.1. Family Campus

Stage P – October 2013

Procurement procedure under wayJanuary

2015

* For the composition of the stages and status symbols, see the Appendix (page 22)

5

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 City

Strategic Goal


Facility NamePlanned date for completion of

the current phaseStatus on 31.05.2013

Management Commentary(including new construction schedule in the event of

deviations from the plan)

Scheduled date of completion

6. Central Zone:

6.1 Teachers Quarter

Stage P – August 2013

Documentation prepared for purchase January 2015

6.2 Students Quarter

Stage P – July 2013

Documentation prepared for purchase August2014

6.3 Market Quarter (Cultural Center, City Hall)


Documentation prepared for purchase.

January 2015

7. Citywide systems engineering - technical support

March 2014

7.1. Roads and utilities on the Boulevard

End of Construction –

December 2013

According to the schedule, building is now being undertaken by "Moskapstroy"

March 2014

7.2. Roads and utilities on the Parkway

Stage P – March2013

Forecasted time for expert approval is June 2013. Adjustments are being made to the Central Zone, which does not affect the timing for completion of

the construction.

March 2014

8. Complete landscaping and gardening


Design is conducted by Gorinzhproekt September 2015.

6

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

№ п/п

Project NameName of Investor /

KeyPartner

Property Area

Plot Land area, haThe amount of funding (city

program)

Planned date for signing lease with invest. conditions

Signed lease agreements with investment conditions1 Skolkovo Business Cener NP RIT 21 700 D3 1,62 1 606 May 2013

2 Renova R&D center Renova Lab 26 500 Z2.1-03 2,54 2 060 April 2013

Signed preliminary agreements1 Sberbank Technopark Sberbank 73 200 D1-01 7,96 5 539 July 20132 Sberbank MegaTSOD-2 Sberbank 37 000 Z2/1-01 4,07 7 000 July 2013

3 Transmashkholding R&D Center Trasnmash/Alstom 25 000 D2-15 2,72 1 459 June 2013

4 MOEK R&D Center BROAD Group/MOEK 13 900 D1-09 0,77 790 August 2013

5Tatneft Scientific and Technical Center

Tatneft 9 000 – 13 000 D1-02 0,84 708 August 2013

6 Transport hub Finmarkt 30 000 Z1-06 n/a 3 000 June 2013

7 Engineering Networks FSK n/a n/a 4 757 June 2013

KPI Target ValueResult on 31.05.2013

Management Commentary

The volume of external co-funding attracted for the city's construction, in billions of rubles

34 3,67 (23,25) • Binding agreements signed with Renova Lab (2.06 bln.) And NP RHS (1.606 billion rubles).

• Preliminary agreements for 23.25 billion rubles signed.• A contest to attract investors to the complex of research

buildings with an area of not less than 60,000 m2 was announced

• Documents prepared for the June launch of 4 investment competitions with a total construction area of not less than 185,000 m2

3. City (3/3)

Strategic Goal


7

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

KPI Target Value 2013

Result on 30.04.2013 Management Commentary

The average time for making decisions on grants, in calendar days:

A) participant status with procedure for prior approval completedB) status of the participant without prior approvalC) grants to participants

А) 40Б) 30В) 70

А) 30Б) 25В) 78

Deviation of actual results from the targets for decisions on giving grant funding associated with:• gap in the calendar pending (filed in 2012,

consideration finished in 2013);• schedule for in-person meetings of the Grant

Committee (decisions can only be made at a meeting of the Grant Committee, which is held every three weeks).

Compliance with the budget of the Foundation (excluding the budget for the construction of innovative city),%

-10% -60% Budget fulfillment on 30.04.2013. 40% of the budget for 5 months due to the timing of the procurement and contracting procedures that objectively transfer payments for subsequent periods in 2013

4. FoundationStrategic Goal

Improve the management system to ensure the effective achievement of the objectives of the Foundation

8

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013


Percentage new members attracted in the online community (the ratio of registered accounts to the total number of unique visits),%

1.5% 2.5% Such a significant departure from the previous period and exceeding of target KPI is associated with the activities to promote the Startup Village and through registration with startupvillage.ru (when registering for the event site, users are automatically registered on the site community.sk.ru). At the end of Startup Village enrollment ratios are expected to return to previous values

5. CommunityStrategic Goal

Create a non-material environment and design of social infrastructure for the emergence of the Skolkovo innovation community and the constant influx of talent from outside

9

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

Appendices

10

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Appendix 1. Dynamics of Participant

Attraction

6

3

7

7

5

28

30.04.2013

TOTAL 901

243

72

88

211

287

75

250

294

195216

94

929

Number of Participants on

31.05.2013

Number of applications for participant status and preliminary expertise for the total period of the project was 4,772, of these 693 were from the first 5 months of 2013

11

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Appendix 2. Territorial Scope of

Participants

Total subjects of the Russian Federation represented 44

*Growth for report month shown in parentheses

Astrakhan 5 Omsk and Oblast 3Bryanskaya Oblast 1 Orel 1Vladivostok 1 Penzenskaya Oblast 1Vladimir 2 Perm 7Volgograd 1 Petrozavodsk 1Voronezh 2 Rostovskaya Oblast 1Ekaterinburg and Oblast 28 Ryazan 3Ivanovo 1 Samara 3

Izhevsk 1 St. Petersburg109(+8)

Irkutsk 2 Saransk 4

Kazan and Tatarstan 25

(+2)Saratov 7

Kaliningrad 1 Stavropolskii Krai 1Kaluga and Oblast 4 Syktyvar 1Kemerovo 3 Tver 2Krasnodar and Krai 4 Tomsk 20Krasnoyarsk and Krai 13 Tula 1Lenindradskaya Oblast 1 Tyumen 1

Moscow 518

(+10)Ulyanovsk and Oblast 3

Mosckovskaya Oblast 79

(+5)Ufa and Bashkortostan

7(+1)

Nalchik and Kabardino-Balkariya 2Cheboksary and Chuvashiya

2

Nizhni Novgorod and Oblast 14

(+1)Chelyabinsk and Oblast 9

Novosibirsk and Oblast28

(+1)Yaroslavl and Oblast 6

TOTAL 929

12

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

874.26

2,939.76

1,214.56

2,641.42

2,940.05

3,378.59

907.14

535.03

2010 2011 2012 From 1 January to 31 May 2013

ИКТ ЭнЭф Био ЯТ Косм0

50

100

150

200

250

300

350

119 114

194

89

20

212

270

317

6642

Grants Approved in 2013 Grants Disbursed in 2013

Appendix 3. Participant Grants

Approval and listing of grants in 2013 by cluster, mln. rubles

* Subject to change as a result of new reports

The average share of co-financing for the entire period of the project was 43.8% with the CPS and 45.8% excluding the CPS

The number of grants approved for disbursal for the entire period of the project amounted to 205. (19 of which were approved in the 1st quarter of 2013.), 91 of these were mini grants

Total, Million rubles.

5 936,0

9 494,8Sum of Approved Grants

Sum of disbursed grants

Approval and disbursal of grants by year *, mln.

13

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

15 (+2 in May)

90 (+4 in May)

Appendix 4. Attracting venture capital and co-financing

List of Accredited Investors**

Russian (36) Foreign (21)FPI RVC Tatarstan IVF Exigen BVP UK Leader NAVI Pangaea Russia Partners VTB Capital Leta Group I2BF Oxford Bioscience Bioprocess Bright Capital Fleming Garage Biofund RVC iTech Capital Sofinnova Columbus Nova Maxwell Troika Dialogue E.Ventures Helix Ventures C-Group Bin Finam Inerjys Intel Capital Allianz Rosno Rus-Invest Quadriga Alloy Ventures VEB-Innovation Trinfiko Fjord Wermuth Sberinvest Indigo Capital Net Element Tamir FishmanForesight Dauria KomtekAlmaz Capital FPPIRuna Frontier Softline YakutiaAmhurst Capital Prostor Capital UK Univer Kulikov V.G. Tikhonov S.A. AddVenture Yevdokimenko, O.A. WAARDE

21.1(+0.7 in May)

Total agreementson accreditation

bln. rub.

1.3(+0.13 in May)

Binding agreements*

signed on investment bln. rub

* Co-financing under the grant agreements** Bold funds established with the participation of "RVC"

The number of participants supported by accredited funds

8.1 0

Of those, with foreignCompanies, billion rubles

Of these, foreign funds

1,860

4,461

Evaluation of soft commitments from accredited corporate venture funds before the end of

2015, mln.

Of these, soft commitments of foreign funds, mln. rub

0 5 10 15 20 25

9.1 10.5 1,5

2011 2012 2013

Accreditation of Investors, bln. rub

14

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Appendix 5. Key Partners

Total

Main indicators on 30.04 ∆ on 31.05

Number of key company partners of the Skokovo foundation 32 1 33

The number of corporate R & D centers planned to be deployed in Skolkovo 27 1 28

Estimation of the number of employees in R & D centers in 2015, pers. 3 194 -13* 3 181

Evaluation of the total budget of R & D centers by the end of 2015, mln. rubles 29,2 2,3 31,5

Assessment of the current number of employees in R & D centers 1 103 9 1 112

The number of corporate venture capital funds financing Skolkovo participants (NAVI and Columbus Nova (GC "Renova»), Intel Capital (Intel))

3 - 3

List of key partners for the Foundation**

International (20) Russian (13)

Nokia Corporation КАМАЗSiemens RU-COMMicrosoft ОСКEADS ХК «Композит»Ericsson ИСС им.РешетневаGeneral Electric АФК «Система»Nokia Siemens Networks ГК «Ренова»Cisco Tatneft EMC ТНК-ВРSchneider Electric ГК «Росатом» Honeywell ОАО «Лукойл»Alstom ТрансмашхолдингIntel ТМКIBMSAPBoeingTATAJohnson&JohnsonSamsungDanfoss

Of the 33 key partners there are 20 major international companies planning to build R & D centers in the Innovation Center. The total number of staff in 2015 will amount to 1,582 people, and the amount of funds invested to 2015 will be more 17,874,528 thousand rubles

* The total number of jobs by 2017 has increased, but was offset by a year (in connection with the conclusion of a DS with Kamaz)

15

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Appendix 6. Applications for intellectual

property

Result on 30.04.2013

Result on 31.05.2013 TOTAL

27 Applications Filed: 10 12 11 33

19Invention or utility model, the Russian Federation and international

7(+2)

10 8(+4)

25

8 for trademark registration 3 2 3 8

for registration of computer software

12Number of applications for IP work

7 2 9

Plan for next month:

Submission of applications for IP – 8

* the increase in the reporting month shown in brackets

16

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

29 6 13 20 27

30 7 14 21 28

1 8 15 22 29

2 9 16 23 30

3 10 17 24 31

4 11 18 25 1

5 12 19 26 2

Май 2013

27-28.05 The First Annual National Youth Conference of entrepreneurs and innovators of the Startup Village was hosted in the Hypercube27.05 A supplementary agreement was signed for the May 2012 agreement on the establishment of KAMAZ R&D centers at Skolkovo

Appendix 7. Key Events at the Foundation

21.05 • Leaders of trade and scientific

departments of foreign embassies met in the Hypercube

• A pitch-session for companies in the BMT and EET clusters was held in the Skolkovo Hypercube

26.05 Training for pitch sessions was held at the Skolkovo Technopark as part of Startup Village

15.05 Agreement on establishment of a Skolkovo R & D Center Signed with Danfoss

17

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Appendix 8. Success Stories from Project

Participants

The company "Bravo Motors," the creator of ultra-compact e-Trike electric vehicle, won the Startup Village conference

Essence of the Innovation

• e-Trike is a highly compact electric vehicle that allows travel on the roads of the modern metropolis without the traffic jams and the hassle of parking.

• Bravo Motors is engaged in research and development in energy efficiency and electric vehicles of the future. One of the major developments of the company is an innovative system of extending the life of rechargeable batteries in electric vehicles that has no analogues and is protected by patents.

• Unlike the Segway, the product gives the consumer the comfort and security of a full-size car.• These electric cars and golf carts are of much better quality than their best foreign analogues, while remaining cost

competitive even with Chinese manufacturers.

• The main purpose of the Forest Watch project is the monitoring of forests, steppes, crops, etc. One of the main elements of the system is a distributed network of sensors (cameras, thermal imaging, etc.) placed on tall buildings to carry out monitoring tasks.

• The system operates using mobile operator infrastructure that already exists (towers, communication equipment and service teams). Since the system is easily scalable and expandable, it is suitable for the detection of forest fires in small areas as well as in large areas.

• Innovative software uses servers hosted in the cloud and provides the necessary functionality for the monitoring and detection of forest fires.

The Forest Watch project has an AA rating on the Russian Startup Index (RSI)Such an assessment indicates high investment attractiveness, and it is the highest rating that such a young company has been given in the RSI.


18

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Appendix 8. Success Stories from Project

Participants (2/2)The company NyuVak successfully completed and licensed the production of

Onkofag ® vaccines according to GMP standards (as well as other protein and cell personalized vaccines) in Russia at the KhimRar Center for High Technology


The company NyuVak offers the following services on a contract basis:• Development and adaptation of regulations for the production of protein and cell vaccines• Pilot production of the complete cycle of protein and cell vaccines for pre-clinical and clinical studies• Production of vaccines personalized for patients• Bottling of liquid forms of drugsConstruction of the production site was conducted by world standards from the design stage. Installation of all internal networks, clean rooms and equipment was carried out by the specialized company DzhiEksPi Engineering and supervised by experts on GMP quality standards.

• The essence of the Intelligent Quarry project is to create the first technology in Russia and the CIS for the extraction of minerals by open-cast mining, which does not require the presence of operators. The dump trucks are robotized, ie move completely autonomously without a driver in the cab, and other LHD machines are remotely controlled.

• The ability to build a system for the most common types of equipment in Russia and the CIS (BelAZ, excavators EKG, etc.).

• Creating a universal system applicable in various industries.• The possibility of implementing such systems in the global market (Africa, Asia, South America).• Backed by the global trend in robotics quarries, there is an opportunity to become a key player in the automation of the

mining industry.


VIST Mining Technology presented its robotic dump truck, BelAZ, which has a electromechanical transmission with a capacity of 130 tons

19

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

Methodology for calculating the strategic KPIs

20

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Method of Calculation

(1/3)

•The number of applications for registration of IP objects (including objects of copyright)

• The calculation of cumulative totals from the beginning of the reporting period

The number of applications for intellectual property created as a result of innovation "Skolkovo" (including the subject matter of copyright)

•Actual foresights are those in which the participants are involved in investment with either accredited venture capital funds (effective portfolio of venture capital funds), or R & D centers are formed and / or orders of key partners made

•The share of current Foresights is calculated as the ratio of actual to total Foresights for all clusters

•Monitoring is carried out on a quarterly basis

Relevance of foresights::

Number of integrated Foresights to total Foresights, in %

•The calculation is made on the actual co-financing received by parties: the amount of co-financing (accredited venture investors, auto-financing etc.) to the total amount of financing of participant projects

The share of external co-financing for projects attracted by participants, in %

•Total revenue for all participants of Skolkovo YTD cumulative, mln. Rub Revenue beyond perimeter of top participant is not taken into account

•Monitoring is carried out on a quarterly basis

Суммарная выручка Участников проекта «Сколково»

•The average total staff number of employees by all project participants•Monitoring is carried out on a quarterly basisThe total number of jobs created

21

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013 Method of Calculation

(2/3)

•Calculated as the number of jobs in R & D centers established in the framework of the signed agreements on the establishment of R & D centers containing a list of topics corresponding to cluster foresights, the budget, the number of research personnel, the plan (road-map) of the center (the construction of a building, room rental, equipment purchase, etc.)

Number of jobs created in R & D centers of key partners, the formation of which was agreed on at Skolkovo

•The arithmetic mean of indices A and B:•A = proportion of investment from accredited venture capital investors in the total co-investment of participants (%):

•Co-investment venture capital from accredited investors in the total co-investment (numerator: the entire amount of external financing, net of investment from non-accredited investors and auto-financing, the denominator: the entire amount of external funding)

•B = Percentage of participants that have attracted external funding from venture capital investors (%):

•The number of participants that have attracted investments from venture capital investors (venture capital funds, business angels) to the total number of participants

The involvement of venture capitalists (VC):

The share of investments from accredited VCs of the total investment in participants with respect to the proportion of participants that have attracted external funding from partners,%

•According to the construction schedule, milestones and target dates for the year are defined

•Assessment of achievements made by the method of "yes / no": if a checkpoint is passed on time, the goal is achieved. Any deviation is considered to be an unfulfilled indicator

Compliance with the schedule and construction budget

•The calculation is made on an accrual basis (list of objects attached)•Monitoring is carried out on a quarterly basis.

The volume of external co-funding attracted for the city's construction, in billions of rubles (taking into account liabilities)

22

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

•The number of days spent by the Foundation to process the application and decision

•The time spent on the party providing the information (both original and additional) is excluded from the calculation

The average time for making decisions on grants, in calendar days:

A) participant status with procedure for prior approval completed

B) status of the participant without prior approval

C) grants to participants

•A comparison of the actual costs of the Fund (on an accrual basis) with the plan. Tolerance - up to 10%

•The cost of construction of the innovative city that are controlled under the "Compliance with the schedule and budget of construction“ measure are excluded

Compliance with the budget of the Foundation (excluding the budget for the construction of innovative city),%

•The ratio of the number of new registrations to the number of unique visits to community pages

Percentage new members attracted in the online community (the ratio of registered accounts to the total number of unique visits),%

Method of Calculation (3/3)

23

Отч

ет о

дея

тел

ьн

ост

и Ф

он

да

«Ско

лко

во

», м

ай

2013

Status of the facility

A shift of the planned date of completion of phase by more than 2 months

A shift of the planned date of completion of phase of 2 months or less

Planned completion date is in accordance with the schedule

Stages of the design and construction of facilities

Stage

Stage P

Beginning of Construction

End of Construction

Commissioning

Stage Components

Concluding contracts for the design

Completion of project documentation development (Stage P)

Conclusion of expert analysis

Approval of project documentation

Concluding contract for construction

Start of preparatory work

Beginning of construction

Completion of construction and installation work

Start of comprehensive testing

Building enters use

May2013en

Documents

Transcript of May2013en