Skolkovo Foundation and Cybernaut Investment Group setting up a $200 million joint venture fund

Russia's Skolkovo Foundation and Chinese Cybernaut Investment Group signed a cooperation agreement for setting up a joint venture fund worth $200 million under the auspices of the Russian-Chinese forum "Big opportunities for small- and medium-sized enterprises," which took place in Beijing on April 21-22. The Russian-Chinese venture fund will focus on companies from IT field and robotics, as well as space technologies and telecommunications.

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