Silicon Alley rapid halt during the early 2000s recession. During this economic contraction, many internet companies in Silicon Alley folded. The recession also affected publications that covered the sector. After the dot-com bust, the "Silicon Alley Reporter" was rebranded as "Venture Reporter", in September 2001, and sold to Dow Jones. Self-financed AlleyCat News ceased publication in October 2001. A couple of years after the dot-com bust, Silicon Alley began making its comeback with the help of NY Tech Meetup, and NextNY. On December 19, 2011, then Mayor Michael R. Bloomberg announced his choice of Cornell University and Technion-Israel Institute of Technology to
Silicon Taiga this growing trend and established branch offices in the Silicon Taiga. The summer of 2010 saw the launch of an innovative technology park in Akademgorodok, which brought together economic and intellectual power in the area, thus expanding innovation in Russia. Today, the Silicon Taiga is not just a collection of IT companies; it is a beneficial environment, in which the Russian national system of innovations can continue to flourish. The following is a partial list of past and present notable companies founded in the Silicon Taiga or which have a major subsidiary located there: Silicon Taiga Silicon Taiga is a