An agreement between the Skolkovo Foundation and Zhongguancun Science Park (Z-Park) is to be signed during the state visit of President of the Russian Federation Vladimir Putin to China on 5 June 2012. President of the Skolkovo Foundation Viktor Vekselberg will sign the document on behalf of Russia, and Director General of the Z-Park Administrative Committee Guo Hong will sign the agreement on behalf of China.

The agreement envisages the creation of a mechanism for collaboration between the two innovation centers. Both Skolkovo and Z-Park will work together in scientific and technological incubators and carry on joint scientific research. It has been decided that they will focus primarily on biomedical technologies, energy efficiency, information technologies and new materials.

«China has made a crucial breakthrough in high technologies in recent years – it has created large technoparks and accumulated abundant experience in introducing new technologies in production», says Viktor Vekselberg. «Furthermore, China is successfully developing its own high technologies, while such companies as Lenovo and Huawei have turned into globally renowned brands. This attests to the success of the Chinese innovation development model and proves that Russia can benefit enormously from innovation cooperation with China. We have held a series of intensive negotiations and completed a lot of groundwork against a very tight schedule to get very close to beginning real collaboration in this sector», the Skolkovo Foundation president concludes.