In the debate over whether there can ever exist "another Silicon Valley" and where, exactly, it would be, add in another contender: Skolkovo, an ambitious high-tech sprawl being built outside of Moscow, which this week announced the latest two companies to invest in its big idea: Cisco and Bessemer Venture Partners. Bessemer has promised investments worth $20 million over the next two years into startups that are resident at Skolkovo, while Cisco has dedicated an unspecified part of a $1 billion injection it is making into Russia over a number of years to build an R&D lab in the area -- part of big push from the government to take some of the technology know-how that Russia has been producing for decades and give it a significantly more commercial spin.Source: http://feedproxy.google.com/~r/Techcrunch/~3/bPw6KEX85J4/
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