The Presidential Council for Economic Modernisation and Innovative Development (hereinafter, the Council) was established on June 18, 2012 by the presidential decree On the Presidential Council for Economic Modernisation and Innovative Development.
The council is an advisory body designed to promote cooperation between federal and regional government bodies, local authorities, nonprofit organisations, academic organisations and others, and to address issues of economic modernisation and innovation-based growth in Russia.
The Prime Minister is the chairman of the Council Presidium.