The Skolkovo Innovation Center (also Russian Silicon Valley in Skolkovo) is a high technology business area that is being built at Skolkovo near Moscow. Skolkovo was first announced on 12 November 2009 by Russian president Dmitry Medvedev. The complex is headed by Viktor Vekselberg and co-chaired by former Intel CEO Craig Barrett. Skolkovo includes 5 clusters specializing in different areas. These include IT, Energy, Nuclear Technologies, Biomedicine and Space Technologies The main elements of The City are the University and a Technopark.