Microsoft to Set Up Camp at Russia's Silicon Valley

Even as CBSNEWS covers the economic crisis in Silicon Valley USA, Microsoft is funding entrepreneurs in Russia

Globalization is gradually shifting the center of innovation away from the United States, but American tekkies have still not organized to promote their economic interests

RT Nov 2, 2010 | US software giant Microsoft is set to join Russia's Skolkovo project, pumping millions of dollars into Russian start-ups.

This is according to a memorandum signed by Microsoft CEO Steve Ballmer and Skolkovo President Viktor Vekselberg.

They have agreed that in exchange for stronger ties with the state sector, Microsoft will invest millions of dollars annually in Skolkovo—mainly in the field of research and…

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