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
Everyone knows that the Federal Reserve will raise interest rates next Wednesday at the conclusion of its two-day policy meeting. After all, Fed speakers have been jawboning a rate hike over the past few weeks. With the markets reacting with eerie calm to Donald Trump's win, policy makers have no... GOP strategist Karl Rove has criticized U.S. President-elect Donald Trump's comments on aircraft maker Boeing Co.'s contract for a new Air Force One plane, saying they were inaccurate and de-stabled the stock of a major company. Air Force One is the official air plane for the U.S. President. Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September.
comments powered by Disqus
Follow RTT