1. Mandate
of the non-profit organization "Fund for Development
of the Center for Elaboration and Commercialization of New Technologies"
for performing the functions of the management company

2. 1. Preamble
1.1 The present Mandate (hereinafter referred to as the Mandate) is developed in furtherance of the
decisions of the Committee for the Modernization and Technological Development of the Russian
Economy under the President of the Russian Federation and in furtherance of the Order from the
President of the Russian Federation No. 446-rp dated July 02, 2010.
1.2 The Mandate defines primary objectives, sphere of activities and authorities of the non-profit
organization "Fund for Development of the Center for Elaboration and Commercialization of New
Technologies" (hereinafter referred to as the Skolkovo Fund) within the framework of its
performing the functions of the management company of the Skolkovo Innovation Center
(hereinafter referred to as the Skolkovo Center).
2. Objectives of the Skolkovo Fund’s activities
2.1 2.1 The primary objective of the Skolkovo Center, vested with a special legal status by the
legislation of the Russian Federation, is to create and maintain globally competitive conditions and
environment for advanced research and development activities with subsequent commercialization
of their results, as well as for forming a new generation of first class specialists in the priority areas
of technological development.
2.2 The Skolkovo Fund ensures the formation of a full cycle innovation process within the Skolkovo
Center, as well as on its territory, which includes educational, research and development activities,
and the commercialization of the results. For the purpose of the present section of the Mandate, the
Skolkovo Fund’s activities are limited neither by its territory nor by the Skolkovo Center
infrastructure.
2.3 The auxiliary functions of the Skolkovo Fund are the delivery of centralized services, connected
with the organization of the innovation process, and participation in its financing.
2.4 The Skolkovo Center innovation process focuses on the following principal directions
(hereinafter referred to as the Principal Directions):
2.4.1 Energy efficiency and energy savings (including the development of new energy
technologies);
2.4.2 Computer technologies and software development;
2.4.3 Biotechnologies and medical technologies (including development of medical supplies and
equipment);
2.4.4 Space technologies, principally in the sphere of telecommunications and navigation systems;
2.4.5 Nuclear technologies (in the form of cooperation with organizations specializing in this
sphere).
3. Spheres of the Skolkovo Fund’s activities
3.1 The key Skolkovo Fund spheres of activity, including those with the use of federal treasury
resources, are as follows:

3. 3.1.1 Organization and performance of work on the development of the Skolkovo Center and its
territory;
3.1.2 Skolkovo Center property complex management and utilization;
3.1.3 Creation of educational systems and the carrying out of research and development activities
in the Skolkovo Center;
3.1.4 Assistance in the organization of development activities in the Skolkovo Center;
3.1.5 Maintenance of a system of scientific achievements commercialization at the Skolkovo
Center;
3.1.6 Provision of informational support of Skolkovo Center’s activities;
3.1.7 Organization of interaction and cooperation with departments of governing authorities.
4. Powers of the Skolkovo Fund in development of territories of the Skolkovo Center
4.1 The Skolkovo Fund organizes the formation of and approves the Master Development Plan as
well as land-use recommendations and the rules of construction development of the Skolkovo
Center, taking into consideration the most advanced town-planning and architectural solutions.
4.2 The Skolkovo Fund organizes (including with the assistance of external agencies chosen on a
competitive basis) the construction of Skolkovo Center’s infrastructure objects, in accordance with
the ‘Four E’ Principle: environmental friendliness, energy efficiency, economic efficiency and
ergonomic efficiency.
4.3 The Skolkovo Fund ensures (including with the assistance of external agencies chosen on a
competitive basis) the effective functioning of the Skolkovo Center’s environmental support system,
including the organization of health services, pre-school, elementary and secondary education,
catering, leisure activities and physical culture and sports activities on the Center’s territory.
5. Powers of the Skolkovo Fund for managing the property complex of Skolkovo Center
5.1 The Skolkovo Fund develops documents regulating the procedures for the upkeep of buildings,
constructions and infrastructural assets, connected to the Skolkovo Center.
5.2 The Skolkovo Fund ensures the continuous use of objects connected to the Skolkovo Center by
means of organizing (establishing) or engaging specialist companies, particularly on a competitive
basis.
5.3 The Skolkovo Fund leases out or ensures the leasing of the Skolkovo Center properties to third
parties.
5.4 The Skolkovo Fund ensures the effective application of funds, obtained through the use of the
Skolkovo Center objects, by directing them principally at renovation of the given objects and at
realization of objectives, stipulated in paragraphs 4.2 and 4.3 of this Mandate, and for other

4. purposes, stipulated in the standard acts of Skolkovo Center and in the Fund’s charter
documentation.
6. Powers of the Skolkovo Fund for creating an educational system and carrying out of
research and development activities in the Skolkovo Center
6.1 The Skolkovo Fund ensures concept development, creation and securing the activities of the new
International Technological University of Skolkovo Center (hereinafter referred to as the University)
in the form of an independent educational and research organization, being created and developed
with the participation of leading Russian and foreign universities and research-and-development
centers, and implementing programs in the Principal Directions, including:
6.1.1 Organizing interaction with the leading foreign and Russian universities and research-and-
development centers in order to develop the concept of the University and to subsequently involve
leading Russian and foreign professors and researchers in working there.
6.1.2 Provides conditions and assists in involvement of research subdivisions (specialized
departments, laboratories, etc.) in the University, as well as of top-ranked researchers of the leading
Russian and foreign higher education institutions and scientific centers;
6.1.3 Develops and approves on the Fund Council level the constitutional documents regulating the
specific activities of the University within the territory of the Skolkovo Center, in particular the
sources and mechanisms of its financing.
6.2 The Skolkovo Fund develops the concepts of organizing the research-and-development work on
the Principal Directions in the Skolkovo Center and ensures their practical realization, in particular
it:
6.2.1 Creates or assists in creating laboratory objects with the necessary infrastructure (in particular
those for collective use);
6.2.2 Organizes the creation and operations of a high-technology scientific and technical library,
including the formation of electronic databases on the Principal Directions.
7. Powers of the Skolkovo Fund in working on organizing the development activities in the
Skolkovo Center
7. Powers of the Skolkovo Fund in working on organizing the development activities in the
Skolkovo Center.
7.1 The Skolkovo Fund develops the concept of organizing the development activities in the
Skolkovo Center and ensures their practical realization, in particular:
7.1.1 Creates or assists in the creation of corporate testing centers, pilot-plant productions and
prototyping centers, particularly in supplying these with consumable products and tools as well as
providing laboratory and other equipment;
7.1.2 Assists in organizing interaction with industrial establishments in order to create models,
preproduction prototypes, tools and equipment, necessary for ensuring the carrying out of research

5. and development;
7.1.3 Creates and ensures the operations of the Intellectual Property Center for the purpose of
establishing legal protection of the results of research and development activities, carried out in the
Skolkovo Center;
7.1.4 Creates and ensures the operations or assists in the creation and operations of business - and
technology incubators for start-up companies (hereinafter referred to as Start-Ups) within the
territory of the Skolkovo Center;
7.1.5 Attracts research and development centers of large corporation (including foreign ones), the
activities of which corresponds to the Principal Directions, to work at the Skolkovo Center;
8. Powers of the Skolkovo Fund on ensuring the operations of a scientific achievements
commercialization system at the Skolkovo Center
8.1 The Skolkovo Fund develops and implements the concept of commercialization of results of
successful research and development activities.
8.2 The Skolkovo Fund participates in creating venture investment funds, particularly with foreign
partners, through its structures.
8.3 The Skolkovo Fund assists in the interaction between the groups of researchers and developers
and industrial establishments (including foreign ones) for the purpose of getting orders for carrying
out research and development activities.
8.4 The Skolkovo Fund assists in promotion and distribution of innovative commercial products,
developed at the Skolkovo Center, however the Skolkovo Fund and its subsidiaries are not entitled
to carry out agency work.
9. Powers of the Skolkovo Fund on information support of the Skolkovo Center’s
activities
9.1 The Skolkovo Fund develops and implements the concept of the Skolkovo Center’s public
positioning and holds other activities aimed at popularization of Skolkovo Center’s activities both in
Russia and abroad.
9.2 The Skolkovo Fund organizes and assists in organizing forums, conferences and other social
events of the Skolkovo Center, corresponding to the Principal Directions.
9.3 The Skolkovo Fund ensures the participation of the Skolkovo Center and the representatives of
the Skolkovo Fund in specialized Russian and international exhibitions, conferences, symposiums
etc.
9.4 The Skolkovo Fund organizes the operations of internal Mass Media systems, including in the
Internet.
10. Principles of granting the status of Skolkovo Center Participant and participation of
the Skolkovo Fund in financing the Participants' projects

6. 10.1 For the realization of goals and objectives, stipulated in the charter documentation and this
Mandate, the Skolkovo Fund attracts both Russian and foreign participants (hereinafter referred to
as the Participant).
10.2 The status of the Participant can be granted only to legal entities - to already existing ones or
ones being created at the Skolkovo Center, particularly as Start-Ups.
10.3 The Participant receives an opportunity to use the Skolkovo Center infrastructure and to access
the financing, preferences and benefits system in accordance with legislation of the Russian
Federation.
10.4 The Participant carries out a significant portion of his activities at the Skolkovo Center. The
Participant, being provided with the corresponding status during the period of designing and
construction of the Skolkovo Center objects (hereinafter referred to as the Construction Period) is to
transfer the significant portion of his activity to the Skolkovo Center within 3 months upon
completion of the Construction Period.
10.5 Only qualified investors have a right to file an application to receive status of Participant
(hereinafter referred to as the Application). These investors are: venture and other investment funds,
national or international institutes of development, strategic partners and cornerstone investors in the
Skolkovo Fund, having signed the corresponding agreements with the Fund itself or its subsidiaries,
business and technology incubators (including those working with the Skolkovo Center), as well as
other legal entities satisfying the criteria, defined by the Skolkovo Fund.
10. 6 The application must meet the following exhaustive list of requirements:
10.6.1 Correspondence - the Application is to contain a project/projects corresponding to the
Principal Directions and Innovative Priorities of the Skolkovo Center technological development,
worked out and approved by the Skolkovo Fund Advisory Research Council (hereinafter referred to
as the Priorities);
10.6.2 Innovativeness - the Application is to contain a project/projects, which is/are carried out in
the direction or by some means, accepted to be in accordance with the promising Priorities and
having the probability of achieving principally new (particularly breakthrough) results, and which is/
are to lead to the creation of a new object of intellectual property;
10.6.3 Practical feasibility - availability at the Skolkovo Center of research and/or design and
experimental facilities for working on the project/projects or else continued possibilities of the
applicant to provide himself with the necessary facilities using his own resources;
10.6.4 Involvement of educational and scientific institutions into the project - direct participation in
working on the project/projects of staff members from at least one Russian higher learning
institution or scientific organization having significant proven experience in teaching activities
and/or scientific work as well as articles on the Principal Directions printed in scientific
publications, or at least two postgraduates working under the guidance of such a staff member;
10.6.5 International cooperation - direct participation in working on the project/projects of at least
one foreign specialist having significant proven experience in teaching activities and/or scientific

7. work as well as articles on the Principal Directions printed in scientific publications or possessing
the intellectual property right in the Principal Directions, confirmed in one of the countries -
members of the Organization for Economic Cooperation and Development (OECD). The
requirements specified in this paragraph are not compulsory for Start-Ups.
10.7 The procedure for filing and evaluation of an Application are defined by the procedural
Regulations, worked out and approved by the Skolkovo Fund.
10.8 The evaluation of Applications concerning their conformance to requirements stipulated in
paragraphs 10.6.1 - 10.6.5 of this Mandate is performed on the basis of the dual system ("YES" -
"NO") by an Expert Board in each of the Principal Directions. The composition of the Expert Board
is formed and approved by the Skolkovo Fund, taking into consideration the recommendations of
the Advisory Research Council. Expansion of the list of questions being the subject of evaluation by
an Expert Board or implementation of an evaluation system, different from the one described in the
present paragraph, are prohibited.
10.9 Investment attractiveness of the Application is evaluated independently by the Investor when
making a decision on his participation in financing and advancement of the Application.
10.10 The Skolkovo Fund guarantees the provision of initial financing only to Start-Ups in the form
of grants by means of specialized seed funds - business and technology incubators, in which the
structures of the Skolkovo Fund can act as co-investors.
10.11 Provision of direct financial support to other Participants is performed selectively by the
structures of the Skolkovo Fund on the basis of the Priorities and in a co-financing manner.
10.12 The representatives of the Fund do not take part in making decisions on investment matters of
those Participants that are recipients of funding from the Skolkovo Fund or its structures, in order to
avoid conflict of interests.
10.13. Preferences and benefits, stipulated for the Skolkovo Center by the legislation, are vested
only to the legal entities that are Participants registered on the territory of the Skolkovo Center and
performing a significant portion of their activities within this territory.
11. Specifics of operations of this Mandate during the Construction Period of the Skolkovo
Center
11.1 During the Construction Period, the Skolkovo Fund is entitled to grant the status of Participant
to legal entities, not registered on the territory of the Skolkovo Center and not performing a
significant portion of their activities on this territory.
11.2 The duration of the Construction Period is defined by the legislation in force concerning the
Skolkovo Center.
11.3 All the Participants provided with the corresponding status during the Construction Period must
be registered in the unified authorized taxation body and shall present their statements to this body
in accordance with the legislation of the Russian Federation.
11.4 All the Participants provided with the relevant status during the Construction Period shall enjoy

8. all the advantages, preferences and benefits stipulated in the legislation concerning Skolkovo Center
Participants.