Russia’s Silicon Valley Looks To China For Capital, Impact

At the Open Innovations Forum this week in Moscow, Russia and China linked up to further boost Skolkovo Ventures, an investment offshoot of Russia’s Silicon Valley mega tech project Skolkovo on the outskirts of the city. The high-tech park sports an ultra-modern huge convention space, a conference arena for high-level meetings, a science and tech university and a slew of facilities under construction as Skolkovo evolves.

The Russian-China Investment Fund for Regional Development has just signed on as an anchor investor in two new funds at Skolkovo Ventures with the sum of $300 million (Read more….)