Central regions | Finance, business | Technology & innovation

Russia’s Skolkovo and Finland’s Nokia extend R&D cooperation

17 Nov '15
The Skolkovo Foundation, the manager of Russia’s largest innovation hub outside Moscow, and Nokia, a Finnish telecom company, have formally extended till the end of next year its cooperation in R&D, the Foundation’s website announced.

Under terms of a new agreement, Nokia will focus on a number of areas, including LTE, Cloud and Virtual RAN, 5G, GSM-R, IoT, navigation technology, intelligent robotics, and self-contained vehicles, the source quoted Markus Borchert, senior vice president at Nokia for Europe, as saying.

Mr. Borchert said that, in addition to these priorities, the Finnish company is looking for new opportunities for collaboration in the field of the Internet of things. According to the executive, Nokia “is very interested to partner with Skolkovo” in this area which, as many reckon, may bring about a real technology revolution in the next ten years.

Nokia has noticeable experience working with the Skolkovo Foundation. According to Skolkovo vice president Igor Bogachov, “Nokia experts participate in the Foundation’s mentorship program, conduct tech-focused seminars, and offer start-ups one-on-one consulting as those seek ways of bringing their technology solutions to new markets.”
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