Russia’s government is looking to reform intellectual property law in the country, a move that could have an effect on how many patents get registered, and on the number of startups in a country known for its star engineers, but less so for business people who can execute on those ideas. → Read More
Russia, like China, is a market full of tech promise, but in the face of strong local competiton, it is one that has also proven to be tough nut to crack for big U.S. companies looking for international growth.
But according to one IT leader in the country — Alexander Turkot, executive director of the IT Cluster at Skolkovo, Russia’s multi-billion dollar Silicon Valley-like work in progess… → Read More
In the debate over whether there can ever exist “another Silicon Valley” and where, exactly, it would be, add in another contender: Skolkovo, an ambitious high-tech sprawl being built outside of Moscow, which this week announced the latest two companies to invest in its big idea: Cisco and Bessemer Venture Partners.
Bessemer has promised investments worth $20 million over the next two years… → Read More
Siguler Guff & Company, a US-based private equity firm with over $8.5 billion of assets under management, is investing $250 million in a high-tech hub outside Moscow that is often referred to as Russia’s ‘answer to Silicon Valley’, according to various reports.
Siguler Guff, owner of a subsidiary called Russia Partners, has made the investment public right after a visit to innovation center … → Read More
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