Innovative startups benefit from ties
A smooth relationship with Chinese academics and good diplomatic ties have helped Russian technology startups access professional consultation services and cooperation and expand their market share in China.
Russia and China link up at the annual Open Innovation Forum in Moscow each year to boost the development of Skolkovo Ventures, an investment offshoot of the Skolkovo mega tech project, Russia's version of Silicon Valley, on the outskirts of the city.
Capital and innovation connections between China and Russia have been growing. Skolkovo has opened a Beijing office, formed partnerships with several leading Chinese science parks such as Tsinghua Science Park, and worked with numerous Chinese companies including Alibaba on innovation initiatives.
