IBM: Skolkovo Foundation Partnership will help Expand Business in Russia

IBM it has signed a formal agreement in partnership with the Skolkovo Foundation, a non-profit organization founded by the Russian government, the company announced.

Through the agreement, IBM is set to establish a science and technology center which will be initially based at IBM’s existing Russian Systems and Technology Laboratory in Moscow, Russia.

The partnership will have a key focus on oil and gas, mobile payment solutions, and business analytic technologies to improve road safety.

In addition, IBM will also help to create a virtual model of oil and gas reservoirs to increase efficiency of extraction, develop near field communication technologies, and create an integrated intelligent operation center using video technology to increase transport security.

“By pooling our energy, expertise and vision, IBM and the Skolkovo Foundation plan to accelerate the development and commercialization of innovative technologies for Russian and global markets,” said Kirill Korniliev, country general manager of IBM Russia/CIS.

The Skolkovo Foundation was founded in May, 2010 by the Russian government with the intent to accelerate the transformation of Russia from a resource-based to an innovation-based economy. Today, the foundation has a primary focus on science, technology, education, entrepreneurship and investment communities.

According to Jonathan Batty, external relations manager of IBM’s Growth Markets Unit, IBM has been in discussions with the Skolkovo Foundation since its formation in 2010, and in June of 2011, IBM and the Skolkovo Foundation signed a memorandum of understanding agreement to outline areas for collaboration.

In December, 2011 IBM and the Skolkovo Foundation signed two additional agreements. The first was an agreement of intent to through which IBM has stated its intention to open a laboratory at the Skolkovo Innovation Center and to conduct research in areas of mutual interest.

The second was a commercial agreement in the area of intellectual property management through which IBM will license know-how and technologies to the Skolkovo Foundation to enable its specialists to use the latest approaches in the development and commercialization of competitive technologies, according to Batty.

IBM has a strong track record with the northern country, as has been conducting business with Russia since 1974. “Russia is an important growth market for IBM where we are actively growing our business. Our presence in Russia dates back over 30 years during which time we have established strong relationships with public and private sector clients across multiple industries,” said Batty.

He described Skolkovo as a strategic project of national importance which is “attracting significant investment from public and private sectors in Russia.”

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