Cisco Invests $1 Billion in Russian Technology Innovation
In a meeting today in San Jose, President of the Russian Federation Dmitry Medvedev and Cisco Chairman and CEO John Chambers discussed a wide-ranging series of collaborative initiatives that will underpin the Russian Federation's technology innovation agenda.


June 24, 2010 /24-7PressRelease/ -- In a meeting today in San Jose, President of the Russian Federation Dmitry Medvedev and Cisco Chairman and CEO John Chambers discussed a wide-ranging series of collaborative initiatives that will underpin the Russian Federation's technology innovation agenda. During the meeting, Cisco made a firm commitment to invest $1B USD to drive entrepreneurship and sustainable innovation in Russia as a partner in achieving the country's goals.

Cisco has identified a five phase collaborative approach over this next decade through which this $1B investment will be staged. The five phases will run in parallel. During the meeting today, John Chambers and Viktor Vekselberg also signed a memorandum of understanding to underline its firm commitment to the Skolkovo Project as the platform for this innovation initiative.

Source: Cisco

For more Russia Development news (http://intldevelopment.einnews.com/russia/), visit International Development News Today (http://intldevelopment.einnews.com), a service of EIN News.

Further Related Resources:


Press Release Contact Information:

EIN News