The Skolkovo Foundation was established by the Russian government in 2010 with $5 billion to help transition Russia's economy from resource-based to innovation-based. It oversees the creation of the Skolkovo Innovation Center, which includes research clusters, a technopark, the Skolkovo Institute of Technology established with MIT, and the city of Skolkovo near Moscow. These entities aim to establish an ecosystem for technology innovation and entrepreneurship by strengthening links between Russian and international science and investment communities.