The Renova Group began the construction of a center for research and development of a group of companies Renova-Renova Lab in the future innovation city of Skolkovo. The construction of Renova Lab is carried out under an antecedent agreement between Renova and Skolkovo. The project investor is Navi Capital, which was created for the implementation of innovative projects in the field of high technology. In 2014, Navi Capital will construct the Skolkovo building Renova Lab with an area of 20 thousand square meters and a cost of about two billion roubles. The project will include a laboratory of mechanical engineering and metal processing, as well as labs for microelectronics and biotechnology. The facility will employ over 600 researchers. The operating budget of Renova Lab for years 2013-2015 will be about 3.3 billion roubles.