Russia disburses another $60m for another four regional high-tech parks

Russia disburses another $60m for another four regional high-tech parksFour more Russian regions will receive over $60m in federal co-funding by the end of next year to build their own high-technology techno-parks, as Russia?s eight-year techno-park funding program continues

Four more Russian regions will receive over $60m in federal co-funding by the end of next year to build their own high-technology techno-parks, as Russia?s eight-year techno-park funding program continues, the Russian Ministry of Telecom and Mass Communications announced last week following the completion of its open tender for Russia?s regions. This time, the winning regions include Moscow, the Sverdlovsk and Penza regions (in the Urals and in Central Russia, respectively), and the Republic of Mordovia in the mid-Volga area. The regions of Nizhny Novgorod (in mid-Volga), Kaluga (in Central Russia), Kaliningrad (in Northwest Russia) and Krasnoyarsk (in Siberia), which also tendered for federal support, have not been selected this time. The picked regions will be expected to not only complete their construction projects but also see that all pertinent KPIs are met in their developing techno-park ecosystems for several years after this co-funding program is over...