Marchmont News

Marchmont News is a bi-lingual news website for the Russian and international business community focusing on a dozen economic sectors across Russia's nine time zones, with special emphasis on industrial modernization and technological innovation in the Russian regions. Marchmont's analytical archive contains more than 17,500 feature stories and news updates. Marchmont readership consists of active business network representatives, with more than 8,700 daily readers. The site is published by Marchmont Capital Partners, Nizhny Novgorod, a 100% owned Russian subsidiary of Florida based Marchmont Capital Partners, LLC. The company offers products and services to meet the unique needs its target audience that includes entrepreneurs seeking business expansion, professional managers, and investors looking for new opportunities on the Russian market. Contact: Oleg Kouzbit, [email protected]

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Russia’s first commercial computer chip to hit market in early 2016

February 7, 2016

Baikal Electronics has announced plans to launch the production of Russia’s first computer processor for civil use, the Baikal-T1, early next year. Targeting both domestic and international customers, the Russian processor will cost about $60 apiece, reported RBC, a Russian business publication. The two-kernel processor is reported to use a 32-bit MIPS Warrior kernel. The developer is expected to …

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New accelerator to invest up to $15 million in cyber security startups

December 26, 2018

Russian cyber security startups now have a dedicated accelerator with up to 1 billion rubles (around $15 million at the current exchange rate) potentially invested over the next two years. The effort is backed by Rostec, a major Russian state-owned tech corporation, via its subsidiary RT-Inform, systems integrator I-Teco, and the Internet Initiatives Development Fund (FRII in Russian, the country’s largest …

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Startup Chile woos Russian startups for development across Latin America

February 10, 2016

Transnovatsia, a Russian IT developer based in Kazan, the innovation-friendly capital of Tatarstan, some 800 km east of Moscow, has begun its Latin American expansion. The start-up has received a $40,000 grant from Startup Chile’s accelerator program and is putting together a pilot project in Santiago, reported the Skolkovo Foundation and Russian tech blog Firrma. “The Latin American market appears very interesting to …

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Russian startup develops luminophore technology to evacuate people, gets award at international forum

November 11, 2015

LighTech, a Russian project that aims to make the evacuation of large numbers of people more efficient, was awarded at this year’s Open Innovations international forum in Moscow, reported RVC, Russia’s fund of funds for innovation. The LighTech project owners have developed a flexible linear uninterrupted source of electrical luminophore-based light with wide possible applications in combat operations, …

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Russian tech companies consider entering Latin American market via Cuba

February 12, 2016

Hundreds of Russian innovative companies are considering entering the Latin American market, primarily the Cuban market, TASS reported last month. The Russian news agency cited top executives from Skolkovo, the international tech hub under completion on the outskirts of Moscow, who attended an international workshop on nanotech sciences and nanotechnology in Havana, Cuba. According to Skolkovo VP for External Communications Alexander …

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Novikov Group teams up with Skolkovo business school to support restaurant startups

September 16, 2015

Novikov Group, a leading player in the Moscow restaurant scene, and Moscow School of Management Skolkovo, are teaming up to support start-ups in restaurant business, Russian tech blog Firrma.ru reported. At the end of their 11-week training program, students will present their projects to Novikov Group founder Arkadiy Novikov. The best projects will be developed in partnership …

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Russia to develop augmented reality technology for the military

February 14, 2016

Last month the Advanced Research Fund (FPI in Russian), a state-run organization which some compare to the DARPA in the USA, announced plans to develop a national augmented reality technology. Several domestic tech companies responded to a call from the FPI and offered their action plans to implement this project. The project will be carried out in stages, each new …

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Russia moves to unseat Apple, Samsung and others from domestic market

February 24, 2016

The Russian Ministry of Industry and Commerce has come up with a new plan that outlines steps for Russia to have its own tablets, smartphones, laptops and desktop PCs by 2020 already. While imported gadgets currently account for virtually 100% of the domestic market, the share of foreign desktops should shrink to no more than 25%, according …

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Fourth cohort of Volga tech projects trained in Maryland

February 25, 2016

A new group of Russian tech start-ups and university projects arrived in Maryland last week to participate in a two-week training program and meetings with potential investors and partners. This is yet another dimension to cooperation between Russia and the United States in technology innovation, an area which the Western sanctions against Russia do not …

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Russian government endorses import substitution plan for telecom software

February 25, 2016

The Russian Ministry of Telecom and Mass Communications has endorsed its import substitution strategy for software used in Russia, the Ministry website announced earlier this month. The new plan, signed into decree by Minister Nikolai Nikiforov, consists of three blocks, each describing key measures to be taken, timeframes, and implementation stages.

Siberian startup launches auction-based hotel booking platform

April 2, 2015

A resident of the KRITBI innovation business incubator in Krasnoyarsk, in Siberia, has come up with a new IT project called “TourBazaar,” which enables users to book Russian hotels, tourist and recreation centers online. TourBazaar’s developers have demonstrated a fairly unorthodox approach to organizing a service in this highly competitive market segment. For example, TourBazaar collects …

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