Above: The Moscow School of Management Skolkovo.
The President Dimitri Medvedev announced on Thursday that Russia's Silicon Valley will be located in Skolkovo, which is located in a region of Moscow. Skolkovo hosts the Moscow School of Management Skolkovo; one of the top business schools in Russia. This area is considered a prestigious area and was formerly home to the billionaire, Roman Abramovich.
President Medvedev commented, "I made the decision — we will build this center where we have already laid the groundwork for doing it quickly. Speed matters, so we will build it in Skolkovo."
The building of this project will begin as early as this year and will have five of the "presidential" priorities for modernization: energy, IT, telecommunications, biotechnology, and nuclear technology.
Critics of this project say that building this high-tech center from scratch is a waste of resources. Especially when past technology centers have all the necessary infrastructure and are underused or not utilized at all.
http://www.themoscowtimes.com/business/article/skolkovo-designated-silicon-valley-location/402114.html
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