The technopark of Sarov in the Nizhny Novgorod region plans to raise 1 billion rubles, or some $30 million, to finance investment projects which will be selected through an innovation contest, the RIA news agency reported earlier this week. The contest will cover 13 different technological fields, including IT, supercomputers, space systems, transportation, and electrophysical …
Sarov technopark to raise $30m in venture investment Read More
Earlier this week, the Skolkovo Foundation and the French global energy engineering company Schneider Electric inked an agreement that gives Schneider Electric residency status in Skolkovo, the state-sponsored innovation hub under construction outside Moscow, and paves the way for opening its own R&D center there, Schneider Electric reports. The innovation center, which is expected to …
An association of “smart cities” will be formed in Russia by the end of 2012, the ITAR-TASS news agency reported last week, citing Peter Schipper, the Director of the Department of Engineering and Transport Infrastructure of Skolkovo, the state-sponsored innovation hub nearing completion near Moscow. According to Schipper, the term ‘smart city’ implies a complex …
Association of “smart cities” to be formed in Russia Read More
Kirov city authorities intend to build a technopark specializing in information technologies. According to its plans, the Kirov technopark will be similar to Kazan’s IT Park, which is located in the Republic of Tatarstan. The regional authorities are carrying out a number of projects to develop IT technologies and promote the digital economy in the region. …
In a feint that has galvanized the Apple community and exposed an apparent flaw in the iOS, a Russian hacker has dodged official in-app purchase procedures and conned Apple’s App Store into letting him get paid content for free, Macworld magazine reports. Upon completing his hack last week, Alexey Borodin, the developer of the procedure, …
Russian hacker takes iOS in-app purchasing for a ride; Apple’s response middle-of-the-road Read More
The Moscow Seed Fund, a fund set up by the Moscow government to promote venture investment in local startups, announced earlier this month its decision to provide loans to innovative companies co-invested in by venture funds and business angels. A list of 12 such co-investors, picked on a tender basis, was approved by the fund. …
Moscow city’s seed fund teams up with VCs and angels to support innovation Read More
Next month, Hyundai IT, a Chinese-based IT-focused subsidiary of Korea’s Hyundai Motors, is launching Russian sales of new Hyundai-branded tablets and has plans to localize the assembly of the tablets in Russia in the late fall, the Russian business daily Vedomosti reported last week, citing a tête-à-tête with an IT Hyundai source. Hyundai is reportedly …
Hyundai to sell tablets in Russia; cars seen as facilitator Read More
Last month, Venture Business News reported that the Russian Ministry of Economic Development has approved a list of pilot programs for the development of innovation clusters that will receive financial support from the federal budget. Out of 94 applications, an expert group within the ministry has selected 25 projects that fell into two groups. The …
Russian government to support 13 innovation clusters with $775 million Read More
IBM and a consortium of leading Russian hi-tech companies and infrastructure organizations have agreed to jointly give a boost to the Russian microelectronics industry, IBM and Skolkovo, one of the consortium members, report. The centerpiece of the new project is the concept of an Electronics Technology Center (ETC) to be set up in Skolkovo, the …
Nokia has scrapped its plans for a single-brand retail presence in Russia and will close all of 50 of its existing Russian stores in the near future, reports RIA Novosti, citing an exchange with Nokia Vice President Erik Bertman, head of Nokia Eurasia. As of yet, there’s no official confirmation of the news on Nokia’s …
Nokia ditches its Russian single-brand retail network, bets on online sales Read More
IBM has announced a $6 million expansion plan for Russia and the CIS. By June 30 the firm will add ten new fully operational offices to its existing 12, almost doubling local staff in a bid to “capture regional business growth and increase [its] presence in the fastest growing markets in the world.” The new …
IBM prizes IT growth in Russia, nearly doubles presence Read More
Russia’s National Association for Innovation and IT Development (NAIRIT) has put together a Regional Innovation Ranking for 2011. The study was aimed at highlighting the Russian regions showing the most initiative in promoting applied science and innovation. According to NAIRIT, for the second year running Moscow ranked as the undisputed number one in 2011 among …
