Mikhail Shelkov: On the Way to Better Future
By Space Coast Daily // April 23, 2024

Born on May 30, 1968, Mikhail Shelkov’s journey has been one of academic achievements and entrepreneurial conquests. After graduating from the prestigious MIPT in 1991, specializing in molecular and chemical physics, he embarked on a path that would shape his professional career.
In 1993, he assumed a leadership role at Eurosibbank, quickly rising through the ranks to become the chairman of the board within just two years. Later in 1995 he joined the board of directors of RBRD, and in 2001 he became the head of the Prominvest investment holding. With his strategic management expertise, he turned this company into yet another success story. The entrepreneur’s major achievement came in 2012-2014 when he acquired a controlling stake in VSMPO-AVISMA titanium producer.
The entrepreneurial skills did not go unnoticed, as the businessman has been recognized and acclaimed for his accomplishments. In 2017, while being a head of Prominvest, he secured a place on Forbes’ prestigious list of “the 200 richest businessmen,” initially ranked at the 200th position with a capital worth $500 million. His fortunes have soared since the acquisition of VSMPO-AVISMA, propelling him to the 29th spot on the list.
Empathy Foundation: Inspiring Educators and Nurturing Young Talents
Established in 2019, the Empathy Charitable Foundation is making a significant impact on education. The foundation’s initiatives span across various fronts, including providing monthly financial support to over 1,300 local school and kindergarten teachers, as well as organizing events for local educators and a nationwide competition for language teachers.
The Empathy Foundation’s efforts also extend to the Phystech Schools Development Fund, a program dedicated to replicating the best educational practices across the nation. This initiative aims to establish a national system for training and developing gifted students, drawing inspiration from the renowned Phystech System. During his visit to the P.L. Kapitsa Phystech Lyceum, the philanthropist engaged with the school’s top teachers and students, learning about their educational projects.
Recognizing the shifting landscape of education, the businessman emphasizes the crucial role of teachers in preparing students for the evolving world. He believes that as artificial intelligence advances, educators must adapt their approach to nurture skills and qualities that set humans apart from technology, enabling students to become thinkers, creators, and innovators.
Oktava Cluster: A Transformative Hub for Arts, Innovation, and Education
Spearheaded by the visionary entrepreneur, the Oktava Creative Cluster has breathed new life into an abandoned factory premises. With an investment exceeding $10.3 million, the philanthropist has transformed the space into a vibrant hub that nurtures creativity, innovation, and education.
Recognizing the importance of continuous learning, the Oktava Cluster has established a Higher Technical School within its premises. This innovative training facility caters to executive-level professionals in the industrial sector, ensuring they stay up-to-date with the latest technological advancements and keep the region at the forefront of industry trends.
Under the leadership of the acclaimed industrialist, through its multifaceted approach the Oktava Creative Cluster has not only revitalized an abandoned factory but has also created a vibrant space that celebrates creativity, fosters innovation, and promotes continuous learning. With its focus on the arts, education, and community, the Oktava Cluster stands as an example of the transformative power of visionary initiatives.












