Cisco commits to development of Russian technology
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.