The Silicon Valley entrepreneur’s SpaceX company made history on March 30 when it launched and landed a used rocket. No one has ever done that before. And the breakthrough has forced Russians to grapple with the decay and struggle of their own national space program. The SpaceX milestone was “an important achievement,” Kremlin spokesman Dmitry Peskov told reporters in Moscow on Friday. But he said it is important …
Venture Day Minsk, a major event on the Eastern European innovation scene, will be held on April 12 in Minsk, Belarus. In partnership with East-West Digital News, the event will bring together over 500 startups, investors, business angels, media representatives, top managers of large companies, engineers and developers. Will Cardwell of Aalto University, Patrick Halford of IBM, Ken Singer …
Earlier this month the Russian Export Center, a government-backed organization, agreed with eBay a joint program to help Russian companies reach foreign online consumers, the TASS news agency reports. Not only will these sellers have their goods featured on eBay, but the company’s Russian staff will also provide them with free consultations about how to start selling and promote …
Russia teams up with eBay to stimulate online sales to foreign consumers Read More
Last week four South Korean startups arrived at Skolkovo, the international tech hub under completion on the outskirts of Moscow, with plans to meet with potential partners and mentors in Russia. These startups have also applied to become resident companies at Skolkovo. “This is our pilot soft landing programme for foreign startups,” Sergei Pogrebnyakov, an acceleration manager …
South Korean startups parachute in to Skolkovo for soft landing Read More
Japan has suggested a common digital currency with Russia as the regional currency in place of the Russian ruble and the Japanese yen at the long-disputed southern Kuril islands. An economic proposal by Tokyo to Moscow to build bridges between the two countries includes a number of joint economic projects on the Russian-controlled Kuril islands …
Japan proposes common digital currency with Russia for contested Kuril islands Read More
Rusnano is considering to launch a Russian-Arabic direct investment fund, business daily Vedomosti wrote last week, confirming earlier reports. The Russian state-owned nanotech giant has already identified a group of potential investors from the Middle East, Lyubov Timofeeva, Senior Analyst at Business Strategy Department at Rusnano, told the business daily. Vedomosti has learned from an …
Rusnano prepares to launch Russian-Arabic tech fund Read More
Earlier this year, Lithuania launched its own Startup Visa program, designed for entrepreneurs who wish to establish or develop their startup on the Baltic Sea shore inside the European Union. Under this program, startup entrepreneurs no longer need to fulfill certain capital or employment requirements to obtain a residence permit, should their business idea be deemed suitable …
The global AI investment fever has hit Eastern Europe with two funds, Larnabel VC and VP Capital, making their first local and international deals under a joint $100 million investment program. Larnabel VC is the venture arm of the Gutseriev family, one of the richest in Russia. VP Capital is the investment vehicle of Belarussian businessman Viktor Prokopenya. Any project types are potentially eligible. “We …
Russian and Belorussian businessmen invest $100 million in AI projects worldwide Read More
Last week Alibaba announced a plan to enter the international game distribution industry with an investment of 1 billion yuan ($150 million). The Chinese group is teaming up with Mail.Ru Group, TFJoy, Efun and ONEMT to establish the “Global Strategic Alliance of Game Distribution.” An LSE-listed Russian Internet group, Mail.Ru Group is a major player on the Russian and global online …
Earlier this month Splyt, a UK company which presents itself as “a leader in tech solutions for the urban mobility industry,” opened an office in the Russian capital. Splyt will provide its white label solutions to local taxi and ride-hailing services willing to measure themselves against such giants as Uber, Gett or Yandex.Taxi. Among these solutions is the …
Last week Bavaria’s Minister President Horst Seehofer visited Skolkovo, the international tech hub under completion on the outskirts of Moscow, at the head of a delegation of representatives of Bavarian business. “I remember well how six years ago there were just fields here when we were first in contact. We can see that the future of …
Bavarian Minister President visits Skolkovo to develop high tech partnerships Read More
Last week Alibaba subsidiary AliExpress announced that it is in the process of opening a local representation. Since 2014, the Chinese marketplace has asserted its preeminence on the Russian e-commerce market, which reached some $26 billion last year. Company representatives also confirmed the company’s intention to comply with Russian legislation, including the law which requires to …
AliExpress to open representation in Russia and comply with personal data storage law Read More
