Friday, August 18, 2017

16 Skolkovo businesses among top startups in Russia

Of the 36 top Russian startup companies listed in the Nov. 6 edition of Trade Secret magazine, 16 were founded by Skolkovo residents.

The Skolkovo companies are primarily involved in the IT industry. They include: Oktogo, 2can, SDN-Video, Do-Ra, Floctory, RRT, IbuildAPP, Ivideon, Rocketbank, Surfingbird, Workle, Lingualeo, Ostrovok, Ubank, Angrycitizen and Metabar.

The magazine's editors picked the top startup enterprises based on three factors. The companies must have been started between 2010 and 2013; company investments must total at least $1 million; and the owners had to enter the contest by April 2014.

Residents of Skolkovo currently own approximately 1,000 startup businesses. The businesses are rooted in five main industries – IT, space, energy, biomedicine and nuclear technology.

In order to inspire independent thinking and business growth, the government offers Skolkovo entrepreneurs  tax breaks and grants, as well as administrative support. 

Organizations in this story

Skolkovo Foundation 4 Lugovaya St. Moscow

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