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Edition: U.S. Article Comments (1) Email Print Reprints Read Hungary races to build dam amid new sludge threat | 10 Oct 2010 IMF told to toughen scrutiny of rich powers | 10 Oct 2010 North Korea's heir debuts at giant military parade | 10 Oct 2010 Analysis: The return of "great power politics" 08 Oct 2010 Japan "urges China to set up communication system" 2:51am EDT Discussed 94 Super-rich investors buying gold by the ton 62 White House reviewing bill’s foreclosure impact 50 Aviation deal clears way for emissions scheme: EU Watched Red faces over top model gaffe Tue, Sep 28 2010 N. Korea heir debuts at giant parade Sun, Oct 10 2010 Inside the rescue shaft Sat, Oct 9 2010 Special Report The Pentagon's cyber warriors Cyber warfare has the potential to cause massive disruption. But not everyone agrees that the Pentagon is right for the job of protecting the country from virtual attacks -- some even say it's risky. Reuters takes an inside look at the U.S. military's preparation for digital combat. Full Article Cyber Command slips behind schedule Extremist websites booming, but hard to police Schwarzenegger leads U.S. tech investors to Russia Tweet This Share on LinkedIn Share on Facebook Related News Schwarzenegger leads U.S. tech investors to Russia 1:10am EDT California budget approved 100 days late Sat, Oct 9 2010 UPDATE 1-Kremlin chief to court Algeria on Vimpelcom deal Wed, Oct 6 2010 Kremlin chief to court Algeria on Vimpelcom deal Wed, Oct 6 2010 RPT-UPDATE 1-TNK-BP to offer to buy BP assets - source Fri, Oct 1 2010 Related Topics U.S. » Technology » By John Bowker MOSCOW | Mon Oct 11, 2010 1:18am EDT MOSCOW (Reuters) - Russia's ambition to become a hi-tech economy will be under scrutiny this week when California state governor Arnold Schwarzenegger and a host of prospective investors from Silicon Valley look for opportunities at the country's flagship technology hub. "The goal for investors is to maximize the returns on their investments, so they need to know their investments are secure," said Alexandra Johnson, head of California-based Global Technology Symposium and a member of the U.S. delegation. "The political risk -- or at least the perception of it -- (in Russia) is pretty high. Corruption is mentioned regularly, and while China is not exactly a democracy it has predictable laws. The rules of the game are not changed half way," she told Reuters ahead of Schwarzenegger's visit. Schwarzenegger will lead a group of venture capitalists on Monday to meet companies and entrepreneurs at the Skolkovo technology center on the outskirts of Moscow -- launched earlier this year as part of President Dmitry Medvedev's drive to modernize the Russian economy. The trip comes as a return gesture from Schwarzenegger to Medvedev, who visited Silicon Valley and met with the former actor and bodybuilder in June to appeal for tech capital and U.S. know-how. Medvedev has poured cash into the tech sector but Johnson said a lack of successful Russian companies to date meant visiting investors would focus more on gathering information than committing any capital. "There have been no really big IPOs in global markets so they (investors) don't know what to expect," she said. As well as the creation of Skolkovo -- headed by energy and metals tycoon Viktor Vekselberg -- Russia has awarded $10 billion to innovation investment fund Rusnano. Run by the architect of Russian privatization Anatoly Chubais, the group is currently funding 90 hi-tech products in partnership with Russian and foreign groups. Also U.S. group Cisco has said it will invest $1 billion in Russia this decade and help to build the Skolkovo center alongside Germany's Siemens. (Editing by Greg Mahlich) U.S. Technology Comments See All Comments (1) | Post Comment Oct 11, 2010 2:38am EDT Am I missing something? Why isn’t the Governor of California encouraging investors to invest in California? TechnoPagan Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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