Biomedicine

Russian IoT startup receives $5.4 million in state money to develop in Western markets

February 24, 2022

Mircod, a Russian “IoT-as-a-service” company, has just received  400 million rubles ($5.4 million) from state-owned development corporation VEB.RF via its affiliate fund VEB Ventures, reports business daily Kommersant.  Established in 2016 in Tatarstan, a tech friendly region of Russia, Mircod enables rapid prototyping of IoT products and solutions. It has developed a “centralized platform to automate the development of IoT …

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Cédric Etlicher of Scaleo Medical: “Doing business with Russians spices life up!”

March 27, 2024

Based in Montpellier, France, Scaleo Medical is a developer and producer of medical equipment for hospital and home use. With a focus on oxygen therapy, respiratory orthopaedics and patient transfer tools, the company is now developing a brand-new concept around e-health devices. Cédric Etlicher, GM of Scaleo Medical in Russia, shared with FrenchTech his experience of doing business …

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The pursuit of a human face: Can interfaces make machine learning accessible?

September 24, 2021

The adoption of artificial intelligence (AI) and machine learning (ML) in various business processes is on the rise. This is evidenced, for example, by the steadily increasing media coverage, which indicates an increasing relevance of the technology. A growing number of application practices confirm the fact: the ICT.Moscow database, in 2021 alone, collected more than a …

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An innovative Russian device could restore eyesight using artificial intelligence

July 8, 2021

Elvis, a bionic eye solution created Sensor-Tech, is the first step towards restoring eyesight using artificial intelligence. The device sends images of object outlines in real-time directly into the brain using a combination of smart vision, a microchip, and electrodes. The device could change many lives in the years to come, as blindness affects millions …

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Skolkovo companies demonstrate VR healthcare systems in Dubai

July 8, 2021

On June 21-24, resident companies from Skolkovo, Russia’s top international tech hub, took part in a business mission to Arab Health 2021. The companies Geotar, VRSim, MEDVR, and The Psycho Hyperreality drew attention as they demonstrated their virtual reality solutions. Virtual reality technologies are part of an up-and-coming market that is spreading across multiple sectors, including construction, gaming, medicine, engineering, etc. Given …

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Russia seeks funding for Putin’s ‘genetic database’

June 25, 2021

Earlier this month  Prime Minister Mikhail Mishustin signed a series of orders to determine the needed funds and sources for Russia’s national genetic database program. The move followed a visit to the  Kurchatov Institute — a secretive research organization headed by President Putin’s close ally Mikhail Kovalchuk — which is leading Russia’s genetic research program. Putin, who has sought to transform Russia into a world leader in genetic …

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From gene bombs to classroom curriculum: How Vladimir Putin became infatuated with genetics

April 16, 2021

Until recently, the Russian authorities showed little interest in genetics. The breakthrough came in 2019, when the government allocated 127 billion rubles (around $1.7 billion at the current exchange rate) to a special seven-year federal program. In fact, the Kremlin’s overall spending on projects involving genetics could actually reach 230 billion rubles ($3 billion) in …

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Moscow ranks #3 among cities of the world for anti-Covid innovations

February 9, 2021

StartupBlink has just ranked cities of the world by the number and quality of anti-covid innovative solutions. In the list, which includes 80 cities from 31 countries, Moscow ranks third — behind San Francisco and New York City, but ahead of such major cities as Toronto, Tel Aviv, London, Taipei and Paris.  Among Moscow’s innovative …

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Russian tech amid the pandemic: Impact and response

February 9, 2021

Since the COVID-19 shockwave hit Russia in March 2020, East-West Digital News has been following closely the impact of the pandemic on the country’s tech industries. These articles highlight the best of Russian innovators’ response to the virus, the high-tech approach of the authorities to manage the crisis, online retailers’ reaction to demand surge, and …

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Moscow startup receives $4 million from state funds to develop high-tech prostheses

January 20, 2021

Motorica, a Moscow-based high-tech prosthetic startup, has attracted 300 million rubles (some $4 million at the current exchange rate) from two major government funds: the sovereign wealth fund RDIF and the Far-East High Technology Fund. The news was reported yesterday by business publication RBC, which cited exchanges with the Far-East fund’s press service.  Touting itself as “the only company in the world to make …

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Yandex invests in Russian DNA testing company

January 19, 2021

Last month, according to media reports, Russian DNA testing company Genotek raised $4 million in a funding round led by Yandex. No information was disclosed about the other investors or the terms of the deal, and Genotek did not answer EWDN’s media inquiries.  The company, founded in 2010, says it partners with “leadings Russian and European research institutes in the field of genetics and …

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Sber and Skoltech aim to “set the standards for using AI in public healthcare”

January 8, 2021

Sber Group, the state-controlled financial and digital giant, and the Skolkovo Institute of Science and Technology (Skoltech) are teaming up to create “an ecosystem for the development of artificial intelligence in Russian healthcare.”  Operated by SberMed.AI, a company established this past summer, this ecosystem will “combine the solutions designed by Skoltech research teams with Sber’s cloud-based engineering infrastructure.”  Aiming to “set the standards …

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