The Russian subsidiary of Johnson & Johnson joined Skolkovo project

The Russian subsidiary of Johnson & Johnson and Skolkovo fund have signed a preliminary agreement to take part in the creation of the Skolkovo innovation center outside Moscow. Johnson & Johnson will invest about $30 mn in the fund. The plans are to find and fund some 50 startups within the next 5 years.

Johnson & Johnson will partner with CTV ChimRar, which is working with its pharmaceuticals department - Janssen Pharmaceutica.