Foundation research

The Russian Skolkovo Foundation and STZA sign a letter of intent for cooperation in advanced technologies

The Skolkovo Foundation of Russia and the Special Technology Zones Authority (STZA) of Pakistan have signed a Letter of Intent (LOI) to strengthen bilateral cooperation in the technology sector, foster business relations and increase exchanges between scientific institutions and technologies of both countries.

According to reports, the letter of intent was signed by Skolkovo Foundation Chairman Igor Drozdov and Special Technological Zones Authority Chairman Amer Ahmed Hashmi during Prime Minister Imran Khan’s visit to the Russian Federation. from Russia.

The Skolkovo Foundation, founded in Moscow in 2010, has a mandate to support technological entrepreneurship in Russia and to commercialize the results of scientific research activities. The number of inhabitants of Skolkovo already exceeds 3,200, and the Foundation provides them with a range of services necessary to deploy developments in international markets. Located at the Skolkovo Innovation Center is the Skolkovo Institute of Science and Technology (Skoltech), which is included in the Nature Index “Top 100 Young Universities” list.

STZA’s strategic partnership with the Skolkovo Foundation will pave the way for the introduction of Russian technologies to Pakistan and open doors for leading Russian IT companies and organizations to invest and operate in Pakistan’s Special Technology Zones.

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The Skolkovo Foundation and STZA intend to cooperate to develop innovation centers and establish research and development institutes across Pakistan to achieve technological breakthroughs, especially in the areas of circular economy, low-carbon development projects, clean energy and digital transformation. The letter of intent will also help to establish links between academic institutions, promote online and offline technology activities and bilateral exchanges in all technology sectors.

The STZA was enacted in 2021 with a national mandate to create technology ecosystems across the country and provides access to a wide range of tax and foreign exchange incentives, regulatory support, highly skilled human capital and a soft landing thanks to its one stop shop framework supporting business growth in the zones.