Summa Group and GVA to develop Plug & Play technology centers in Russia

Summa Group, Global Venture Alliance (GVA) and one of the most well-known business incubators in Silicon Valley Plug & Play signed a cooperation agreement, under which Summa Group will become the general partner of GVA for the creation and development of technology centers Plug & Play in Russian regions and CIS.

This agreement is an example of Russia’s initiative on technology transfer, which was proposed by APEC Business Advisory Council, the chairman of Summa Group’s board of directors Ziyavudin Magomedov noted, adding that first business incubators will be opened in Dagestan and Moscow, and a Technology Center will be set up in Vladivostok by the end of next year.

We hope that this partnership will facilitate the transfer of world's best technologies to Russia and the export of Russian technologies abroad. This is a logical continuation of the work that we do - he said.

For his part, the Vice President of Plug & Play Jupe Tan expressed his hope that Summa Group will become one of the main GVA partners to open Plug & Play technology centers in Russia and CIS countries.
We hope that we can contribute to the development of this potential by opening Plug & Play technology centers jointly with Summa Group in Vladivostok, Dagestan and Moscow, - he added.

Technological transfer has been one of the priorities of Russia in Business Advisory Council in 2012. Foreign business leaders decided to form a partnership and the development of standards for technology transfer - Intechterms. The adoption of such international standards will facilitate the technological transfer to countries where they can become the multipliers of growth.

is Russian diversified private holding with significant investments in the port logistics, engineering, construction, telecommunications, and in the oil and gas sectors.