Russia's Skolkovo Innvoation Centre on a hunt in India to

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    cobra commando Tharki regiment Veteran Member Senior Member

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    Russia's Skolkovo Innvoation Centre on a hunt in India to incubate startups in diverse areas

    BANGALORE: Russia's largest global technology hub, Skolkovo Innovation Centre, is on a hunt in India to incubate start-ups in areas such as big data analytics, biomedical devices and Internet of Things, a technology where devices communicate with each other intelligently. It is also looking to incubate companies in areas as diverse as energy management, space and nuclear technologies. "I am not after dotcom or ecommerce. We are really trying to support the core technologies, especially in the space where venture capitalists are not interested," said Igor V Bogachev, vice-president and executive director IT cluster at Skolkovo Foundation, the principal agency responsible for the innovation centre."We want Indian innovators and technology entrepreneurs to partner directly with Russians." Founded in 2010 and led by Russian prime minister Dmitry Medvedev, the foundation aims to develop and commercialise advanced technologies. With a $ 3.9-billion (about Rs 24,000 crore) budget, three Nobel laureates, over 1,000 companies and start-ups, the Skolkovo Innovation Centre is Russia's largest supporter of innovation and a new global technology hub.
    Bogachev said Indian companies can get grants between $50,000 and $10 million. The residents of the in novation space also get co- working space, financial and technical support. He conceded that Russians are great innovators but are poor marketers of technology , unlike the Silicon Valley .


    Read more:
    Russia's Skolkovo Innvoation Centre on a hunt in India to incubate startups in diverse areas - The Economic Times
     
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