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...Kremlin wants to engineer its own Silicon Valley. In a plan that was revealed in February, the Russian high-tech haven will come complete with new-wave architecture and all the comforts of a resort, a place for Russian geniuses to get together and invent the biggest thing since, well, the Internet. That's the hope, anyway. President Dmitri Medvedev, who has cultivated the image of a tech-savvy liberal, is staking much of his economic vision on the plan's success. And Russia has a resource that other nations envy: a fervid hacker culture with a reputation for excellence...

Author: /time Magazine | Title: Can a Russian Silicon Valley Spur Tech Innovation? | 3/1/2010 | See Source »

...government has clear goals. It wants the denizens of its Silicon Valley to hatch lucrative inventions that will help break the economy's dependence on the sale of oil and gas. "The appearance of great ideas, like life itself, is still considered a miracle," said the Kremlin's chief ideologist, Vladislav Surkov, who laid out the project in a rare interview with Vedomosti, a Russian business daily, on Feb. 15. "There are, of course, no miracle workers among bureaucrats and businessmen, but together we need to create an environment where miracles are possible." (See how hackers crippled Twitter...

Author: /time Magazine | Title: Can a Russian Silicon Valley Spur Tech Innovation? | 3/1/2010 | See Source »

Surkov, officially Medvedev's deputy chief of staff, said that Prime Minister Vladimir Putin had approved the idea of a Russian Silicon Valley after Medvedev came up with it. Surkov said he himself had been assigned to oversee its creation, most likely on the outskirts of Moscow. It is an unusual role for him. Both under Putin's presidency between 2000 and 2008 and now under Medvedev's, Surkov has been widely seen as Russia's éminence grise. He is the author of the "sovereign democracy" theory that underpins Russia's neo-authoritarianism and the engineer of the Kremlin...

Author: /time Magazine | Title: Can a Russian Silicon Valley Spur Tech Innovation? | 3/1/2010 | See Source »

...been doing his homework. In January, he traveled to MIT to take part in a two-day seminar on innovation, visiting the kinds of labs, design rooms and incubators where new technologies are born. Two weeks ago in Moscow, he hosted a delegation from the real Silicon Valley that included top executives from eBay, Twitter and Cisco Systems. The actor Ashton Kutcher also came along, and documented the visit on his Twitter feed. "Russia is building their own Silicon valley. And they want help," Kutcher tweeted on Feb. 18. "If we rebuilt it today what would we do differently...

Author: /time Magazine | Title: Can a Russian Silicon Valley Spur Tech Innovation? | 3/1/2010 | See Source »

...Kremlin's answer to that question, however, does not exactly jibe with the liberal culture of Silicon Valley. In his Vedomosti interview, Surkov acknowledged that Russia is an innovation "vacuum" in a field of dynamic economies and that it needs a breakthrough soon to avoid stagnation. But when prodded about the political openness needed to encourage that breakthrough, he snapped back into the language of control. "Consolidated power in Russia is the instrument of modernization. I would even insist it is the only one," he said. "If you want to put the matter on autopilot and wait for squabbling liberals...

Author: /time Magazine | Title: Can a Russian Silicon Valley Spur Tech Innovation? | 3/1/2010 | See Source »

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