Russia’s budding virtual reality market thinks big

Russia should focus on developing its VR/AR market, Yevgeny Kuznetsov, the acting head of RVC, the Russian fund of funds for innovation, said last month.

“Right now, the new VR/AR market is being discussed within the National Technology Initiative,” a state project that aims to create the conditions necessary for Russia to become a global tech leader by 2035, Kuznetsov told the TASS news agency.

“Russia has great chances and we need to actively develop this sphere,” he said, singling out WayRay, a resident company of the Skolkovo Foundation, as an example of a successful project.

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Topics: Analysis, Policies, Regions & cities, Skolkovo
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