The city’s economics follows an innovative way of development; Idea Technopark, one of the largest technoparks in Europe, and the biggest IT centre in Russia – IT Park – have been successfully operating for several years in Kazan. Innopolis, the first new city in Russia’s modern history, was built near Kazan. Alongside the university of the same name, it is about to become the country’s leading centre in the field of information technologies.