WHAT IS SKOLKOVO

• NEWLY BUILT INNOVATION CITY

• MIT-DRIVEN POST-GRADUATE RESEARCH UNIVERSITY

• PIPELINE OF NEW STARTUPS

• VC NETWORK

• UP TO 80 MULTINATIONALS

• TECHNO PARK SERVICES

• DIRECT LINKS TO PRESIDENT AND GOVERNMENT MINISTRIES

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SPECIAL CONDITIONS FOR STARTUPS IN SKOLKOVO

• No VAT or profit tax for up to 10 years if profit is <$10M/year and turnover is <$30M/year

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• Refund of import customs duties and VAT expenses paid during import to the RF customs territory

• 14% unified social tax rate for residents

• Better market access

• Techno park services

• Lower administrative burden

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PIPELINE

1239

225

86

43

Business plans reviewed in 12 months

Skolkovo start-ups

Applied for Grant

Grants approved for the total amount $170m

1 m

onth

2 m

onth

s

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SKOLKOVO GRANTS

>25% private

Grant application

Primary project

selectionDue Diligence Grant Committee

100%

Skolkovo

Investment OfficeCluster

2 months (Unsurpassed speed of delivery of up to $10m USD)

Skolkovo Grants:

Skolkovo

Private Sector

Typical non-dilutive financing amounts Start-up – up to $1m Growth – up to $5m Expansion – up to $10m

Co-investment requirements, % of the total project budget Start-up – at least 25% Growth – at least 50% Expansion – at least 75%

Co-investment preferences Cash co-investment preferred Investor’s global track record in particular sector

VCS ACCREDITED WITH SKOLKOVO FOUNDATION

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• Over 20 leading Russian and international VCs signed MoUs with Skolkovo

• ~$300m – soft commitments to invest in Skolkovo residents

• 25 Skolkovo residents are backed by accredited VCs

1. Almaz Capital

2. Exigen Capital

3. Pangaea Ventures

4. S-Group Capital management

5. Runa Capital

6. Foresight Ventures

7. Maxwell Biotech

8. VTB Capital

9. Bioprocess Capital

10. Leader Asset Management

CASE STUDY: ROCK FLOW DYNAMICS

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RockFlow Dynamics, backed by Intel Capital, received grant financing from Skolkovo Foundation.

Rock Flow Dynamics (RFD) develops software for the petroleum industry. It offers a wide range of advanced innovative tools for reservoir engineering implemented in tNavigator – the dynamic reservoir simulator developed by the company.

Established in 2005

Profitable since 2007

Backed by Intel Capital in November 2010

Applied to Skolkovo in June 2011

Received Skolkovo resident status in July 2011

Received Grant financing from Skolkovo in October 2011

2005 … 2007 … IVQ2010 IQ2011 IIQ2011 IIIQ2011 IVQ2011

KEY PARTNERS

RUSSIAN COMPANIESINTERNATIONAL COMPANIES

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THANK YOU

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