Russia, like China, is a market full of tech promise, but in the face of strong local competiton, it is one that has also proven to be tough nut to crack for big U.S. companies looking for international growth. But according to one IT leader in the country -- Alexander Turkot, executive director of the IT Cluster at Skolkovo, Russia's multi-billion dollar Silicon Valley-like work in progess, the game is not yet over for the likes of Facebook and Google. In a briefing this morning, he also had some good insights into what is happening in early-stage investing in the country, and what Russian startups need to be doing to get ahead.
Wednesday, April 18, 2012
The Game Is Not Over For Facebook, Google In Russia (But There Is Work To Do)
Russia, like China, is a market full of tech promise, but in the face of strong local competiton, it is one that has also proven to be tough nut to crack for big U.S. companies looking for international growth. But according to one IT leader in the country -- Alexander Turkot, executive director of the IT Cluster at Skolkovo, Russia's multi-billion dollar Silicon Valley-like work in progess, the game is not yet over for the likes of Facebook and Google. In a briefing this morning, he also had some good insights into what is happening in early-stage investing in the country, and what Russian startups need to be doing to get ahead.
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