Corporate R&D and innovation

Rostec, Russian Railways committed to create $100 million venture fund to support IT, IoT projects

Russian state defense conglomerate Rostec and Russian Railways have pledged to create a joint R&D center for LPWAN XNB wireless network devices as well as Internet-of-Things (IoT) technologies to be used on transport. To support such activities, the parties are going to launch a $100 million venture fund, Russian industry resource CNews.ru reported. Last month as part of …

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Skolkovo teams up with global companies to launch healthcare innovation center

Skolkovo, a major international tech hub on the outskirts of Moscow, is planning to launch a center for innovations and IoT in healthcare in the fall of 2019. The center will focus on pivotal issues like reducing mortality rates, combating cancer and chronic diseases, and bringing digital technologies in healthcare in Russia. The priority goal …

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Skolkovo announces new partnerships with Hyundai, Orange, Sibur

Yesterday Hyundai Motor Russia & CIS announced a new partnership with Skolkovo, the innovation hub under completion on the outskirts of Moscow. Under this partnership, a new startup, ‘Hyundai Mobility Lab,’ will develop IT solutions and new services to address the growing demand for mobility services.  “A new trends is emerging in today’s Russian automobile market, …

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Startup Village 2019 to put together Russian startups major foreign firms

In its seventh edition, Startup Village, a key international event held in Skolkovo, aims to become a business connection platform not only between investors and startups, but also between Russian innovation suppliers and prominent global firms. Five topical discussions will help Skolkovo residents and international corporations to understand each other better. Russian technology suppliers will …

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Russian startups may be competitive worldwide but lack domestic support, Skolkovo conference shows 

On April 11 Skolkovo, the international tech hub on the outskirts of Moscow, hosted the second edition of Corporate Innovations, an international conference focused on best practices in tech development and market launch strategies. The event was attended by more than 500 individuals and 150 companies, with more than 70 speakers delivering keynotes. According to …

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MTS launches corporate fund to invest $15 million in startups

MTS, one of Russia’s main mobile operators, has launched a corporate venture fund targeting startups across Russia and neighboring countries. The fund expects to invest around 1 billion rubles (approximately $15 million at the current exchange rate) in early-stage startups over the next two years. Last year the corporation launched an in-house accelerator, MTS StartUp Hub, …

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Coca Cola teams up with Russian fund to help employees launch their own business projects

The Internet Initiatives Development Fund (IIDF or FRII in Russian), Russia’s main startup investment fund, has announced a partnership with Coca Cola HBC Russia to create an in-house accelerator for the company’s employees in Russia. The program will teach Coca-Cola HBC Russia’s employees how to launch startups inside the corporation. IIDF experts will help employees …

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Supercomputer helps Russian digital lender solve AI tasks “hundreds of times faster”

Tech-friendly Russian digital lending giant Tinkoff Bank has developed one of Russia’s most powerful super computers.  Named after the eminent Russian mathematician Andrey Kolmogorov, the machine has been ranked 8th in the Top 50 supercomputers in Russia – at the highest place among participating businesses. It boasts the highest per-node performance in Russia (41.9 TFlop per second), according to the ranking. As explained by …

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Franco-Russian forum to discuss the “Industry of the Future” (Moscow, April 11)

The French government initiative ‘Alliance Industrie du Futur’ has teamed up with ‘Nauka Innov,’ the scientific and technological branch of the Franco-Russian Chamber of Commerce and Industry (CCIFR), to hold the first Franco-Russian event on these topics in Moscow on April 11. The forum, called ‘rencontres franco-russes de l’industrie du futur,’ aims to “strengthen the bilateral dialogue …

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Corporate digitalization challenges addressed at major industry conference (Skolkovo, April 11)

On April 11 Skolkovo, the international tech hub on the outskirts of Moscow, will host the second edition of the Corporate Innovations conference. This year’s motto is “NextTech for business,” with an emphasis on digitalization tools that concretely help businesses address their challenges.  Top managers of corporate giants – including Russian Railways, Rostec, AstraZeneca, Mail.ru Group, VTB …

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Sberbank launches corporate travel booking service with all-electronic document flow 

Sberbank, the giant state-controlled financial institution, has made a new step to extend activities to ever-new fields. Presented just days ago, ‘Business Travel’ helps the bank’s corporate clients organize business trips, buy rail and air tickets, or book hotel rooms. The business trip documents required under Russian legislation – such as the ‘letter of assignment’ …

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Mail.Ru Group and VEB Innovations launch computer technology joint venture

Mail.ru Group, the LSE-listed Russian Internet giant, and VEB Innovations, a venture fund launched by Vnesheconombank in 2011 to support innovative projects, have registered a joint venture in the field of computer technologies.  The new entity, “Razvitaya.ru LLC” is listed in official registries as a company providing, in particular, “consulting” and “works” related to “computer technologies.” The …

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