International

Skolkovo, Italian agencies ink agreements to promote innovation

The Skolkovo Foundation, in charge of developing Russia’s flagship innovation hub on the outskirts of Moscow, will cooperate with the Italian Trade Agency (ICE) and the Italian Confederation for the Promotion of Artisans and Small Businesses (Confartigianato Imprese) in exchanging their expertise and promoting innovations. The parties signed formal agreements in Moscow on May 29 as part of Skolkovo’s …

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Moscow ranked #10 in global startup ecosystem ranking of 1,000 cities

StartupBlink has just released the 2019 edition of its Startup Ecosystem Rankings Report, which now encompasses 1,000 cities and 100 countries across the world. This is the first StartupBlink report that aims to track both momentum and trends within the global startup ecosystem. StartupBlink’s algorithm analyzes tens of thousands of data points. Data is coming from …

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Lamoda posts 23.5% sales growth year-on-year, develops marketplace model

Lamoda, a Western-founded and managed Russian e-commerce leader in the fashion segment, saw its sales surge by 23.5% year-on-year in Q1 2019. During this quarter, the platform’s sales exceeded €111 million, including Lamoda’s business in Russia, Belarus, Ukraine, and Kazakhstan. Also included in this number are Lamoda’s marketplace sales. These grew more than threefold in …

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French-Russian conference: How to develop a “third digital way” (Moscow, June 5)

LINAGORA is honoured to invite you to a conference that will take place in Moscow on the 5th of June just before St Petersburg International Economic Forum-2019 (June 6-8). The conference is dedicated to the issues and challenges of the digital economy and as well to cooperation between Russian and French digital ecosystems. Participants will …

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Startup Village 2019: “Every investor has found its startup”

In its seventh edition on May 29-30, Startup Village – the largest tech entrepreneurship event in Russia and neighboring countries – was held at the Skolkovo Innovation Center. More than 10,000 people from 85 countries of the world, including over a thousand from the local and international investment community, attended the event. The business program included …

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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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Mail.Ru Group reveals new global gaming brand MY.GAMES

Mail.ru Group has today announced the new international gaming brand, MY.GAMES. The new brand will develop, publish and fund new games, including upcoming titles Lost Ark, Conqueror’s Blade and a mobile release for popular esport title Warface. All of the company’s gaming projects, which were previously published under the Mail.ru Group brand in Russia and …

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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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Kendrick White: “Shifting to the innovation economy requires a change in investors’ mindset”

The Russian venture capital market is yet to take proper shape whereas startup entrepreneurs and investors often feel disappointed in their expectations and financial realities. US citizen Kendrick D. White, who has dedicated the last 20 years of his professional life to bridging Russia with the global tech and venture markets, shared his views on …

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Russia specifies which threats could necessitate Internet isolation

Russia’s Communications Ministry has specified a list of threats that may necessitate isolation of the country’s Internet under a new law signed by President Vladimir Putin on May 1. In a proposal published on the parliament’s online portal, where registered users can critique a proposal on how the new legislation would be implemented in practice, …

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Dutch business angel Bas Godska launches venture fund, targets startups from across Europe

Bas Godska, an international e-marketing veteran and one of the most prolific business angels in Eastern Europe, announces the launch of Acrobator Ventures. This startup fund plans to invest up to  €20 million in the coming three years “from pre-seed stage to later stages.” Its sweet spots will be SaaS, Big Data/ML/AI and HR tech, not …

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Court orders Baring Vostok to sell bank stake, executives still detained

Last week a commercial litigation court (1) in the Far Eastern city of Blagoveshchensk, about 8,000 kilometers east of Moscow, ordered Baring Vostok to sell a 10% stake in Vostochny Bank. This bank is at the center of the lawsuit which led the Baring Vostok executive team to jail this past February. In a statement, …

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