The Skolkovo Innovation Centre is located outside of Moscow and aims to transform Russia's economy by developing new technologies through research and commercialization. It has over 1,000 companies and startups working across five clusters (IT, biomedical, energy, nuclear, and space). Skolkovo provides funding and infrastructure to support innovation and has partnered with multinational corporations and venture funds to attract investment. The goal is for Skolkovo to become a self-sustaining innovation ecosystem and model city for the future.