The announcement was made during Russian President Dmitry Medvedev's visit to the company's Silicon Valley headquarters

00:25 24/06/2010

Related News

CISCO, one of the largest technology companies in the world, will plow $100 million into Russian venture capital projects and could increase its investment to $1 billion over several years, CEO John Chambers said on Wednesday.

California-based CISCO signed a cooperation agreement on Wednesday with the fund overseeing Russia's new high-tech park in Skolkovo near Moscow.

The announcement was made during Russian President Dmitry Medvedev's visit to the company's Silicon Valley headquarters.

Chambers said CISCO planned to invest $1 billion in projects aimed at developing of innovations in Russia and creating conditions for entrepreneurial activity.

Skolkovo is being built from scratch 20 km outside of Moscow. Research at the center will focus on five main areas: energy, information technologies, communication, biomedical research and nuclear technologies.

Russia considers the development of its high-tech sector a top priority, pledging billions of dollars to finance projects in the field.

SAN JOSE (California), June 23 (RIA Novosti)

Add to blog
Send to friend
Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/russia/20100624/159549673.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/russia/20100624/159549673.html"><img src="http://en.rian.ru/images/15954/97/159549764.jpg" width="120" height="83" border="0" alt="The announcement was made during Russian President Dmitry Medvedev's visit to the company's Silicon Valley headquarters" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/russia/20100624/159549673.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">CISCO may invest $1 bln in Russian tech projects</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">00:25</span> <span style="color:#5590bf; padding-right:7px;">24/06/2010</span> <span style="font-size:12px;">CISCO, one of the largest technology companies in the world, will plow $100 million into Russian venture capital projects and could increase its investment to $1 billion over several years.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/russia/20100624/159549673.html" title="CISCO may invest $1 bln in Russian tech projects">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

Preview:

CISCO may invest $1 bln in Russian tech projects

00:25 24/06/2010 CISCO, one of the largest technology companies in the world, will plow $100 million into Russian venture capital projects and could increase its investment to $1 billion over several years.>>

Other news of the day