Skolkovo will get over 100 billion rubles of non-state funds in next eight years - Medvedev

Over 100 billion rubles of non-state investment will be provided for the development of the innovations center Skolkovo in the next eight years, Russian Prime Minister Dmitry Medvedev said.

Over 100 billion rubles of non-state investment will be provided for the development of the innovations center Skolkovo in the next eight years, Russian Prime Minister Dmitry Medvedev said.

"I hope it will be comparable to the level of financial support of the leading innovations centers of the world," Medvedev told a government meeting on Thursday.

"There are appropriate budget funds, which we plan to allocate," he said. "It's a lot of money, and therefore control over it should be permanent," the prime minister said.

A source in a relevant agency earlier told Interfax 85 billion rubles was initially allocated for the Skolkovo budget for the period up through 2014.

The new draft sub-program on Skolkovo, which will be part of the state program Economic Development and Innovation Economy, now states a new general amount of expenditures of 135.6 billion rubles. Thus, another 50 billion rubles will be invested in the project in 2015-2020.

The Russian government is discussing the draft sub-program on Skolkovo on Thursday.

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