Russia’s answer to Silcone Valley planned
Monday, February 06, 2012
Viktor Vekselberg, one of Russia’s richest men, is spearheading an initiative to create a Russian rival to Silicone Valley or the UK’s own Tech City.
Skolkovo Research and Business Park, expected to cost 6bn, will be used to create an innovation cluster of a university, a research park and a city housing 35,000. It will be Russia’s first PPP (private public partnership) concerning education and enterprise. Construction has already started; the first students are expected in 2014.
Multi-billionaire Vekselberg will bring a delegation of executives to the UK next week, in the hope of attracting more international companies and institutions to join the project.
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