Corporate R&D and innovation

Sberbank launches intelligent robotics acceleration program for local startups

Last week Sberbank, Russia’s national savings bank, announced the launch of a three-month “intelligent robotics acceleration program” in partnership with the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups. The selected startups will benefit from Sberbank’s infrastructure and resources, including its client base, as well as from the …

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PepsiCo shows results of its first acceleration program in Russia

PepsiCo’s efforts to engage with startups is coming to fruition in Russia, one year after the creation of an international acceleration program in Moscow dubbed PepsiCo LAB. Earlier this month the corporation announced the first results of this program, which targets both food and beverages projects and business-oriented IT solutions. A total of 24 teams, 12 teams per …

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“Startup Innovation and Investment in Emerging Europe:” A groundbreaking research released by EWDN

How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in lesser known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many …

“Startup Innovation and Investment in Emerging Europe:” A groundbreaking research released by EWDN Read More

“Startup Innovation and Investment in Emerging Europe:” A groundbreaking research released by EWDN

How do the local startup scenes look like in Estonia, Poland, Russia, Ukraine — but also in lesser known countries, from Bosnia-Herzegovina, to Moldova, to Georgia? How much do VCs invest these countries? Are corporations involved in these emerging ecosystems? Which are the most well-funded startups, and which younger ones should be followed? Why do so many …

“Startup Innovation and Investment in Emerging Europe:” A groundbreaking research released by EWDN Read More

Tinkoff Bank now valued at $4 billion, launches R&D center at Skolkovo

On February 9, Tinkoff Bank, the Russian digital lending giant, announced the launch of an R&D center at Skolkovo, the international tech hub under completion on the outskirts of Moscow. The new center will focus on Blockchain-based solutions and cryptoeconomics research in order to  boost the Tinkoff’s financial ecosystem. “The ideas and prototypes developed at …

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Tinkoff Bank founder and managers support AI and machine learning research at top Moscow university

Moscow Institute of Physics and Technology (MIPT, also known as Phystech) has teamed up with Oleg Tinkov and Tinkoff Bank managers to establish a 100 million-ruble (nearly $1.8 million) endowment fund for artificial intelligence and machine learning research. The fund — the largest MIPT endowment thus far — was initiated by Artem Yamanov and Evgeny Ivashkevich, MIPT graduates and currently …

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Sberbank carries out Russia’s first payment transaction using blockchain technology

Yesterday Sberbank, the national savings banks, announced the completion of “the first-ever pilot blockchain payment transaction in the Russian banking industry.” The transaction used the IBM Blockchain Platform on the basis of HyperLedger Fabric. Sberbank’s partners and participants in the pilot were mobile operator MegaFon and its R&D unit MegaLabs, Alfa-Bank, and IBM. Sberbank CIB, …

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Yandex.Money and Lukoil launch new app to make payments at gas stations easier

Last week Yandex.Money, a leading online payment service in Russia, released Yandex.Gas, a new application intended for drivers to pay for fuel remotely — without leaving their car and queueing at the cash register. Payment can be made with the Yandex.Money e-wallet or using a Mastercard bank card. Yandex.Money plans to expand the range of available payment …

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Russian bank to support Blockchain-based procurement and teach Blockchain to government officials

Vnesheconombank (VEB), a major Russian state-backed bank and a key participant in the country’s official digital economy program, intends to teach government officials the science of Blockchain. The 18-hour “Introduction to the Blockchain Technology” will include both theory and practice. The launch date has not been specified. Just weeks before, the bank signed with Roseltorg, …

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MegaFon and Raiffeisenbank complete first Blockchain bond placement in Russia

Earlier this month MegaFon, a major Russian mobile operator, announced the completion of a 500 million ruble (around $8.6 million) bond issue with Blockchain settlement. The entire issue was purchased by Raiffeisenbank. The system, which was developed in the course of this year, is intended for bond placement and circulation of digitized assets, making accounting …

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Sberbank joins Enterprise Ethereum Alliance

Earlier this week Sberbank, Russia’s national savings bank, announced its participation in the non-commercial alliance Enterprise Ethereum Alliance (EEA). The bank is the first Russian bank to become a member of the alliance. EEA was established in February 2017 to “connect Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts.”  Some …

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Russian technologies shine at SLUSH Singapore

Oz Forensics, a Russian startup developing a cutting-edge document management solution and a graduate of the GenerationS-2016 startup accelerator, has made it to the finale of the competition of this year’s edition of SLUSH Singapore. This top-tier international startup competition is being held as part of the Singapore Week of Innovation & Technology (SWITCH 2017). …

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