As reported by Venture Business News, the cluster of nuclear technologies of Skolkovo Foundation is looking for $200m investment to set up the Center of Nuclear Medicine in Far East Primorsky region.

Denis Kovalevich, executive director of the cluster of nuclear technologies of Skolkovo Foundation, the Center of Nuclear Medicine will be based at the Far East Federal University.

As explained by Mr. Kovalevich, the center will have a unit of proton-ion therapy. Similar centers in the Far East region work in Japan, China and South Korea. Design of the center is scheduled to start in 2013, construction may last five to six years.

Under plans, investment will be raised from the state budget, as well as private investors, including foreign ones.

Although there are no traditions of nuclear research development in Primorsky region, Denis Kovalevich believes that the Far East hub will foster investment under the Far East development programs. Recently a steering group has been formed to create the Center of Nuclear Medicine in Primorsky region. The group is coordinated by Igor Shuvalov, the First Vice-Prime-Minister of Russia.