Corporate

Mail.ru Group acquires stake in Performance Food delivery service

January 14, 2020

Mail.ru Group, a leading, LSE-listed Russian Internet company, has acquired a minority stake in Performance Food, a Moscow-based food delivery service specializing in premium healthy nutrition programs. The financial details of the deal were not disclosed. As reported by business daily Kommersant, which cites official company registers, MGL Mail.ru Equity Ltd, a Cyprus-based subsidiary of Mail.ru …

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

July 10, 2019

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

June 20, 2019

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

October 25, 2019

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

May 27, 2019

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 state institutions join forces to create new energy venture fund

May 7, 2019

In an attempt to lower Russia’s reliance on foreign technology in the oil industry, four state-controlled institutions have teamed up to  launch a new venture fund called ‘New Industry Ventures.’  These institutions are Gazprom Neft, one of Russia’s leading oil companies, Gazprombank, a financial arm of the state-controlled energy giant, RVC, the state fund of …

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Steel magnate Alexey Mordashov buys a Moscow startup that helps people adopt healthier lifestyle

July 30, 2019

Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has acquired GetLean, a Moscow-based startup providing courses for healthier food and lifestyle. The terms of the deal have not been disclosed. Founded by Yulia Gurbanova in 2016, the young company has a team of 10 people, including three full-time employees.  Its “science-based” 12-week …

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

April 19, 2019

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

April 18, 2019

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

April 10, 2019

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”

April 3, 2019

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)

March 28, 2019

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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