Digital October, a Moscow-based cooperative work space and events organizer created in 2010, and TomorrowVentures, a US investment fund founded in 2009 by Google chairman Eric Schmidt, announced yesterday the formation of a strategic partnership aimed, in particular, at selecting, financing and promoting Russian startups on international markets.
Formally announced after the meeting between Swedish and Russian prime ministers, Ericsson’s participation in Russia’s Skolkovo Innovation Center draws on the company’s 120 years of collaboration with Russia on ICT modernization. The strategic agreement will help drive innovation and development in the country’s science and technology sectors.
Rusnano will finance the first production of MRAM memory chips in Russia in cooperation with Crocus Technology, based in Grenoble, France, the Russian press reported. Production will be organized through a technology transfer of chip design and packaging. The project will focus on producing Secure Digital (SD), MiniSD/MicroSD, and USB 1.1/2.0/3.0 flash memory cards.
Attending the presentation of the first annual report of the Skolkovo Foundation in Moscow yesterday, Russian president Dmitry Medvedev called for more active efforts to encourage foreign partners to take part in Skolkovo, the state-sponsored innovation hub under construction near Moscow.
Tele2 Russia, the Russian subsidiary of the Swedish telecommunications group, launched “Cheaper Calls” last week, its first offer to Muscovites. The offer includes discounted calls from the Moscow region, from sea resorts and for calls from abroad.
Google AdWords and Begun, a leading Russian ad network acquired by Google in 2008, have announced further technological integration of their advertising capabilities.
Intel and Nizhny Novgorod University launched a training center for Intel software support this week. The center will broaden the scope of the university programs and ensure the certification of personnel, particularly in the areas of parallelism, high performance computing and mobile applications, Telecom Daily reported.
MTS, a leading Russian mobile operator, intends to purchase Bashkortostan’s telecom operator Ufanet, Russian business daily Kommersant reports. In the fall of 2010 Megafon wanted to buy Ufanet but in the last moment changed decision because of the price of $170-$180 million.
State-owned fund of funds Russian Venture Company (RVC) participated indirectly in a round of financing, announced last week, for Sugar Inc., a global media company for women. The investment was made through Russian Venture Capital II LP, a fully owned subsidiary of RVC that registered in the UK in June 2010. A few months later, the …
Russian state-owned fund participates in Sugar Inc. round of financing Read More
Adobe Systems has won a civil suit against Sergey Mikirtumov, who has been ordered to pay the company 7,440,000 rubles (approximately $262,000) for selling and distributing pirated software. The damages award is the largest to be granted to Adobe in Russia, said Natalya Kalinina, a legal assistant for the firm that represented Adobe in the …
Adobe awarded 7.4 million rubles in copyright violation case Read More
The Russian office of Microsoft has officially announced the launch of operations of Russia’s first cloud-based business product service, Office 365, which will provide small and midsize companies with remote access to an online repository of documents by the end of the year.
PayPal, the leading international online payment company, has according to unnamed sources taken “the strategic decision” to enter the Russian market, reported RBC Daily. The business daily also reported—and PayPal confirmed to EWDN—that PayPal is holding discussions with MTS, VimpelCom and MegaFon, Russia’s leading mobile operators.
