Skolkovo Foundation and STZA agree to boost technology sector ties.

The historic visit of the Prime Minister of Pakistan, Imran Khan to the Russian Federation, has paved the way for both nations to undertake cooperation in many areas including technology.

Skolkovo Foundation of Russia and the Special Technology Zones Authority (STZA) of Pakistan have signed a Letter of Intent (LOI) to boost cooperation in the technology sector, establish closer business relations and foster strategic cooperation and exchanges between the Russian and Pakistani scientific and technological institutions and enterprises. The LOI was signed between Mr. Igor Drozdov, Chairman of the Board, Skolkovo Foundation and Mr. Amer Ahmed Hashmi, Chairman, Special Technology Zones Authority and was witnessed by the Prime Minister Imran Khan.

The Skolkovo Foundation is a non-commercial organization, founded in Moscow, in 2010. The goal of the Foundation is to support technological entrepreneurship in Russia and to commercialize the results of scientific research activities. The number of Skolkovo residents already exceeds 3,200 and the Foundation provides them with an array of services that are necessary to roll out developments into international markets. Located at Skolkovo Innovation Center is the Skolkovo Institute of Science and Technology (Skoltech), which is listed in the Nature Index "Top-100 Young Universities" list.

The Skolkovo-STZA collaboration is the latest addition to STZA's...