The Skolkovo Foundation will then provide them with some initial cash and hope that venture capitalists invest in them.

ECONOMIST: Innovation in Russia: Can Russia create a new Silicon Valley? | The

Over 100 have received some money from the Skolkovo Foundation, and about half of these have attracted regular venture capital, mostly from Russian firms.

ECONOMIST: Innovation in Russia: Can Russia create a new Silicon Valley? | The

Even the foreign venture capitalists who work with the Skolkovo Foundation do not invest directly in Russia, but funnel the cash through offshore shell companies.

ECONOMIST: Innovation in Russia: Can Russia create a new Silicon Valley? | The