Cybernaut To Launch $200M Venture Fund With Skolkovo Foundation

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Hangzhou-based Chinese investment firm Cybernaut Investment Group has agreed to partner with Russia’s state-backed Skolkovo Foundation to launch a US$200 million venture fund, a start-up incubator for Russian businesses, and a new Chinese robotics center, according to media reports.

The US$200 million venture fund will invest in companies based in Skolkovo, Russia, in the IT, robotics, space and telecommunication technology sectors.

The two parties will begin implementing the plans in the third quarter of this year.

China Money Network

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