More than 13,000 entrepreneurs and investors visited the Open Innovations forum just outside Moscow last week. However, concerns arose about the pace of technological advances in Russia.
Skolkovo Technology Park, one of Russia's largest science parks, is just an hour’s drive from Moscow's city centre. Designed as an alternative to Silicon Valley in the U.S., Skolkovo is a key part of Russia's dream to build an economy based on scientific and technological innovation.
Russian President Vladimir Putin wants the country to abandon software solutions built outside its borders in favor of alternatives developed by local companies, but Kremlin spokesman Dmitry Peskov says the transition is not possible at the moment.
Our technical team at Our Russia was afforded a unique opportunity tour Skolkovo last week. We also discussed with key executives of Russia’s version of “Silicon Valley” the uniquely ambitious plans that differentiate Russia’s science city from all previous endeavors.
Russian companies are increasingly buying homegrown software to avoid international sanctions, posing a challenge to the likes of Microsoft Corp. and Oracle Corp. in the country’s $3 billion local market.