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PRESS RELEASE

Cisco to Develop 'Virtual Skolkovo' Framework in Follow-Up Agreement With Skolkovo Foundation

Virtual Skolkovo Will Be a Business Innovation Ecosystem Without Walls to Accelerate the Geographic Reach and Footprint of 'Technopolis Skolkovo' as an Innovation Hub

MOSCOW – March 11, 2011 - Cisco and the Skolkovo Foundation today unveiled further details of joint efforts under the Skolkovo Project  to develop a 'Virtual Skolkovo'. Based on a proposal from the Cisco Internet Business Solutions Group (IBSG), Virtual Skolkovo will be a business innovation ecosystem that pushes the advantages of traditional clustering beyond physical boundaries into the virtual realm of new possibilities. It is founded on being:

  • Community-driven by common interest, not physical proximity.
  • Open to borderless and global collaboration.
  • Enabled by a hybrid of communication technologies.

The memorandum of understanding was signed during a Cisco TelePresence® meeting between Victor Vekselberg, president of the Skolkovo Foundation, and Mohsen Moazami, vice president of Cisco IBSG for Emerging Markets and Globalization. The MoU outlines a three-tiered approach for the Virtual Skolkovo framework. The first will look at operational collaboration for faster decision-making; the second at creating a community from across different ecosystems; and the third at building global alliances through a multitude of networks and exchanges with international research centers, universities and economic players in various markets.

Key Facts / Highlights

Supporting Quotes:

  • Victor Vekselberg, president, Skolkovo Foundation:
  • "I'm very happy to be accelerating our cooperation with Cisco through this MoU for Virtual Skolkovo. It's very important that every aspect of the Skolkovo city embodies a new vision, a new approach and new technologies. Cisco's proposal of Virtual Skolkovo, which aims to leverage collaborative and virtualization technologies and business models to deliver services, first to the "virtual" and then "physical" tenants of Skolkovo, will make this project a forerunner."

  • Mohsen Moazami, vice president, Cisco IBSG, Emerging Markets and Globalization:
  • "Most industrial clustering in recent times has regarded technology as an industry to be attracted or supported, rather than as a catalyst for a city's own innovation and growth. Virtual Skolkovo is therefore a fantastic opportunity to exploit all the opportunities of the digital economy in terms of collaboration, partnerships, virtualization, and resource sharing to generate capabilities and innovation for Skolkovo city."

Tags, Keywords:

Russia, Cisco, Skolkovo

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Supporting resources:

About Skolkovo Foundation

Skolkovo Foundation (The Foundation for Development of the Center of Research and Commercializing of New Technologies) was officially registered in Moscow as part of the Skolkovo Innograd project. It is a nonprofit organization purposed to provide socially useful results in the development of innovations. The Foundation was established by Russian Academy of Sciences, state corporation "Bank for Development and Foreign Economic Affairs" (Vneshekonombank), "Russian Corporation of Nanotechnologies" (Rusnano), Bauman Moscow State Technical University, the Russian Venture Company and a Fund for Assistance to Small Innovative Enterprises in the scientific and technical area.

About Cisco

Cisco, (NASDAQ: CSCO), is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco equipment in Russia is supplied through its authorized channel partners by Cisco Systems International BV, a wholly owned subsidiary of Cisco Systems, Inc.

# # #

Cisco and the Cisco logo are registered trademarks or trademarks of Cisco and/or its affiliates in the United States and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

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