Company SAP AG, a global leader in providing solutions for business management, and Innovation City Skolkovo announce the launch of a new phase of the cooperation: Skolkovo starts SAP Lab, engaged in scientific research and innovations in adavnced technology. SAP Lab will start operating in early 2012 with 70 employees. By 2015 the company plans to increase the number of laboratory staff to 250 people. The amount of investment in innovative high-tech laboratory SAP will be around 45 million Euros. The investment program is planned until 2015.
SAP Lab will be one of the first major laboratories of Innovation City and it will create an ecosystem for the development of high-tech industry in Russia to share with customers, partners and venture capitalists. In particular, one of the possible large-scale projects of Sap Lab in Skolkovo is the development of scheduling systems, management and security features for modern cities. In accordance with the Cooperation Agreement signed between the SAP – United States and the Skolkovo Foundation, the company will receive the status of national research laboratory in the field of database and business analytics, and will cooperate with other innovative companies in such industries as banking, the public sector, oil & gas and mining and operate mutual projects to develop mobile applications.