Russia is taking big strides to encourage innovation from within its country. Recently, they've invested over 85 Billion Rubles ($2.8 Billion US dollars) in creating the new "silicon valley" of Russia. The new center is located in the city of Skolkovo, just west of Moscow. President Dmitry Medvedev is the brains behind this initiative and has gained tremendous amounts of support from some of the leading global players in innovation including Google, Intel, Cisco, IBM, Boeing and the list is growing.
Although they still have a long way to go, it's great to see progress in the works. I'm interested in seeing the what Russia comes up with and how this will effect future business deals in a place where most investors have otherwise feared to tread.
