MANHASSET, NY -- Three Russian hi-tech organizations have opened a Silicon Valley representative office under one roof to promote and coordinate partnerships between Russian and American companies and investors.
Skolkovo, Rosnano and the Russian Venture Company (RVC) aim to foster scientific cooperation in the IT, biomedicine, energy efficiency, nanotech, nuclear and aerospace sectors.
"The opening of our joint Silicon Valley office is another step forward in Russia’s commitment to develop a thriving innovation and technology industry," said Alexei Sitnikov, Director of International Development at the Skolkovo Foundation, in a statement. "We are bringing Silicon Valley know-how and entrepreneurial spirit to Russia to create globally competitive products and services based on cutting-edge research, while also sharing our knowledge and experience with companies here."
Cisco, Intel, Microsoft and the Massachusetts Institute of Technology are already partners in Russia’s high-tech Skolkovo Innovation Center (Skolkovo). Stanford University professor and Nobel laureate Roger Kornberg is co-chairman of the Skolkovo Academic Board. Intel's former chairman Craig Barrett is co-chairman of the Skolkovo Foundation Council.
Skolkovo, Rosnano and RVC are initiatives of Russian President Dmitry Medvedev’s drive to modernize and diversify Russia’s economy. Recently U.S. Vice President Joe Biden toured the future campus of Skolkovo Innovation Center during his visit to Russia.
Other global companies investing in Skolkovo include Alstom, Bouygues, EADS, Nokia, Philips, Siemens and Tata.
"Skolkovo's main goal for cooperating with Western venture funds is not search of capital. We seek expertise on how to grow high-tech companies and transferable management experience," said Alexandra Johnson, who serves as an advisor to Skolkovo Foundation President Victor Vekselberg and leads the Russia initiatives of Silicon Valley-based venture capital firm Draper Fisher Jurvetson.
The launch of the Russian Innovation Center was announced last week at the 8th annual Global Technology Symposium.