logo
Share SHARE
FONT-SIZE Plus   Neg

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

Cisco (CSCO: Quote) 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

Editors Pick
H&R Block, Inc., the largest U.S. tax preparer, said Wednesday after the markets closed that its third quarter loss narrowed sharply from last year, as revenue surged due to an earlier opening of the Internal Revenue Service's e-file system this tax season. The company's quarterly loss per share also smaller than analysts estimated, but its quarterly revenue fell short of analysts' forecast. Microsoft co-founder Paul Allen's maritime plunge took an exciting yet somber turn, after he found the wreck of a once-feared World War II Japanese battleship that met its doom by enemy torpedoes decades ago near the Philippines. A new study reveals that more large companies in the U.S. are run by men with the names John, Robert, William or James than the total number of women CEOs. For each women CEO of S&P 1500 companies there are four men CEOs named John, Robert, William or James, according to a study conducted by the New...
comments powered by Disqus
RELATED NEWS
Trade CSCO now with 
Follow RTT