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A few years ago, I asked an investor who specialized in Russian and Eastern European investments what the current business climate and atmosphere was like in the Far East.

The level of scientific research and the quality of the scientists and engineers was top-notch, he said. A large number of the projects that had been inaugurated and funded by the former Soviet Union with potential commercial application had also not been exploited.

This corresponded with what I had heard from other companies. Intel years earlier had opened a lab in Nizny Novograd that performed much of the company's communications research. Ten PhDs could be hired for the price of a single American, former Intel exec Pat Gelsinger told me. Search engines like Yandex rivalled Google in the country. And ideas like underground coal gasification were coming to the West by being licensed to startups like Laurus Energy.

To read the full, original article click on this link: Russia a Tech Hub? Don't Count on It : Greentech Media

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