Russia's answer to Silicon Valley
The Russian government is investing in an ambitious project to create its own technology hub that they hope will go on to rival Silicon Valley.
The billions of rubles of government money being invested in the Skolkovo Innovation Centre on the outskirts of Moscow has the backing of several multinational technology companies IBM, SAP, Intel, Cisco and Siemens.
There is an acknowledgement among Skolkovo executives that Russia's domestic technology market is not sufficient to grow its own startups, and by implication is not so appealing to the global tech suppliers beyond a core of 80 or so giant Russian companies such as Gazprom or Rosneft, the state gas and oil firms.
So Skolkovo is also intended to attract those IT suppliers to Russia by demonstrating the quality of Russian startup skills and the products they bring to market - and of course by the government cash being spent here.
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- Vendor:
- TechTarget ComputerWeekly.com
- Posted:
- Feb 8, 2021
- Published:
- Jul 22, 2014
- Format:
- Type:
- eGuide
