The Skolkovo Institute of Science and Technology (Skoltech) is a private research and academic institute located in the Moscow Region by Skolkovo village. Founded in 2011 with MIT’s collaboration, Skoltech will be responsible for preparing a new generation of researchers and entrepreneurs, expanding the range of scientific knowledge, and stimulating technological innovation with the goal of solving important technological research problems that Russia and the rest of the world may face in the future. The Institute facilitates its own research utilizing the best traditional educational and research practices from Russia and the international sphere. The Institute pays particular attention to innovation and entrepreneurship possibilities through utilization of the top investigative approaches of the 21st century.