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Skolkovo in Search of Technology Investment from Indian Enterprises

by CioAxis

Russia has been a key partner country for India almost in all terms. In any circumstance, Russia has supported India by all possible manners. It has been also known worldwide as a technology leader almost in all domains but unfortunately never has been recognized as market leader. Probably that is the reason forced Russian government to go for an aggressive push to its existing technology leadership for a worldwide recognition in terms of products, service and employment opportunities. We have seen IT security firm like Kaspersky, which earlier used to provide antivirus engine to global leading security vendors. But Kaspersky recognized their strength and entered as a security product vendor in the global market. Even as a late entrant, Kaspersky captured a significant market share, leaving leading security vendors far behind. So, today foundations like Skolkovo has initiated to fulfill the aim of Russian government with great effort.They have created Skolkovo innovation center to attract world’s leading technology companies to set up their R&D centers and continue innovation startegies in a very advanced and user friendly environment. The major motive is to help the R&D that transforms scientific results into commercially viable products and services that compete on the global marketplace.The Skolkovo Innovation Center will be made of important components, each interacting with one another to boost and improve cooperation and networking: 5 research clusters, a technopark, a university and a new city. In addition, to solve the growing demand of technology skilled employees and to support the R&D backbone, Skolkovo foundation has also established the Skolkovo Institute of Science and Technology (Skoltech), which is a private graduate research university in Skolkovo, Russia, a suburb of Moscow. Established in 2011 in collaboration with MIT, Skoltech will educate global leaders in innovation, advance scientific knowledge, and foster new technologies to address critical issues facing Russia and the world. Applying international research and educational models, the university integrates the best Russian scientific traditions with twenty-first century entrepreneurship and innovation. Speaking at this occassion, Mr. Igor.V.Bogachev, VP, ED — IT Cluster, Skolkovo Innovation Center, said, “I am pretty excited to be here in India, which is known for one of the fastest developing countries in terms of technology and economics both. We are confident that major Indian IT companies will invest significantly in Skolkovo and will create new innovative products to present to the world.” Skolkovo foundation is very confident to attaract not only the large enterprises but also the MSMEs to invest and work in Russia. Besides investment opportunities, they are also targeting technology startups to join the Russian market and inviting to show their technology leadership and strength. With 3 Nobel Laureates, over 1,000 companies and startups, $3.9 billion budget, world-renowned scientists, the Skolkovo Innovation Center is in the race to be Russia’s largest supporter of innovation and a new global technology hub. Leadig IT Companies like IBM, Cisco, Dell, SAP and many more already have invested and committed for future investment even.

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