India and Russia agree to finance joint innovation projects

Investors are ready to plow up to $20 million into joint startup projects between India and Russia, the Skolkovo Foundation reported last month.


“At Skolkovo alone we have 70 registered venture funds that want to invest in [Russian-Indian] innovation projects,” Skolkovo Vice-President Igor Bogachev was quoted as saying. “We could be talking about investment from $10 million to $20 million by the end of the current year.”


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