This week’s edition of innovation update features Russia, which aims to build its own Silicon Valley.
The Wall Street Journal Europe reports:
Russia has feted its scientists for generations, but the fall of the Soviet Union forced the country to come up with a new way to harness their talents.
Earlier this year, President Dmitry Medvedev appointed the businessman Viktor Vekselberg to help set up an international center for technological innovation, which is aimed at attracting the world’s best engineers, programmers and venture capitalists to Russia. So far, the project has won support from Nokia, Cisco and a large U.S. private equity fund.
