Microsoft has signed a memorandum of understanding (MOU) with the Skolkovo Fund in Russia to help establish a research and development centre at Skolkovo and support technology start-ups.
According to the MOU, signed between Microsoft CEO Steve Ballmer and Skolkovo boss Viktor Vekselberg, Microsoft is planning to develop a state-of-the-art R&D centre in Skolkovo to create software solutions for large-scale scientific and engineering data analysis and simulation.
Microsoft has also extended its start-up assistance program to provide IT and financial support to technology start-ups. The company has charted out plans for conducting research in collaboration with Russian and foreign universities and scientific institutions.
Under the collaborative initiative, Microsoft will work to provide technology education to Russian students and professors.
Students will be taught about hi-tech technology in special Microsoft schools and will be able to do internships in Microsoft centres, including Microsoft Research in Cambridge and Redmond.
Steve Ballmer said in a statement: “Microsoft is committed to continuing investments that foster local IT industry development and expand growth opportunities in Russia.”