logo
Share SHARE
FONT-SIZE Plus   Neg

Cisco Inks Strategy Document Outlining R&D Plans With Skolkovo Foundation

Cisco (CSCO) has signed a strategy document outlining its Research and Development plans with the Skolkovo Foundation, marking an important milestone in Cisco's multi-year, $1 billion investment in sustainable innovation within the Russian Federation. The company said that the plan sets the way for to create a physical R&D presence in the Skolkovo Technopolis, and was announced at the Global Technology Symposium, in Menlo Park, California.

Cisco noted that the strategy reinforces its investment in the Skolkovo Project, an initiative supported by President Medvedev to create a technology and innovation hub on the outskirts of Moscow. Recently, the company received formal Skolkovo participant status, which enables the company to begin engineering activities and formally establish a physical presence.

Cisco targets to focus R&D in Skolkovo on high-impact areas of the business, including video and internal start-ups, using Skolkovo as the physical and virtual platform for innovation, which would contribute to transforming Skolkovo into one of the most advanced technology regions in the world.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the... Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors.
comments powered by Disqus
RELATED NEWS
Trade CSCO now with 
Follow RTT