Thursday, June 21, 2018

Skolkovo signs MOU with Tel Aviv University

The Skolkovo Foundation recently signed a memorandum of understanding with Tel Aviv University President Joseph Klafter.

Signed during a ceremony on Thursday at Skolkovo's Hypercube near Moscow, the MOU calls for the organizations to collaborate on joint projects between research institutions and commercial entities across the world. The agreement allows for financial support of research projects as well as the development of student exchange programs and start up companies.

"Our relations are reaching a new level," Skolkovo Foundation President Viktor Vekselberg said during the ceremony. "TAU has huge experience, knowledge and understand of the process of how to turn an idea into a product and take companies onto the big stock exchanges."

Vekselberg said that the agreement with TAU will help Russian startup companies bring their products into large global markets. Klafter expects the collaboration with Skolkovo to enhance TAU's presence as a leader in technological innovation.

"But if our common task it to create a hub to develop innovation and science, then Skolkovo and Tel Aviv University are simply made for each other," Klafter said.

Approximately 30,000 students are currently enrolled at TAU, which operates nine academic colleges in the areas of natural and humanitarian sciences. The university's priority research areas include biomedicine, neurobiology, cybernetics, energy and nanotechnology. Now in its third academic year, the Skolkovo Institute of Science and Technology enrolls 180 students and operates as a partnership with the Massachusetts Institute of Technology.