Internet

‘Est’ Idea,’ a new Web-based platform to hunt for innovation

October 11, 2012

‘Est Idea,’ which translates as “I’ve got an idea,” is a new web platform being launched in Russia. It focuses on automatic control systems, telecommunications, and data transfer. The pilot project, developed by the Moscow-based NIIAA Semenikhin Research Institute of Automatic Equipment, presents itself as “an open public online platform enabling the accumulation of ideas; …

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Qiwi aims to turn cash payment terminals into a ‘front office’ for online retailers

October 10, 2012

OSMP, Russia’s leading operator of cash payment terminals under the Qiwi brand, announced earlier this week a new offer for e-commerce sites. Not only can online retailers now benefit from a specially adapted interface, ads for e-commerce sites can be displayed while users complete common cash payment operations. Cash payment terminals have become popular in …

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“The future is f!@*ing bright! Time to buy sunglasses!” Dave McClure on what makes Russia so sexy to Silicon Valley

October 9, 2012

Once a remote hinterland in terms of foreign investment, Russia is now emerging as a hot destination for investors looking for a slice of the action on the digital frontier. The recent Landing Page conference organised by Digital October Center for Geeks on a Plane (GOAP) participants, Russian VCs and entrepreneurs was a perfect example …

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Russian Internet users experiment with social traveling

October 8, 2012

As major online booking sites deploy millions of venture dollars in a fight for leadership, a startup founded just three months ago is bringing a fresh concept to the Russian online travel market. iknow.travel collects, supports and encourages primary social networking among travelers. Users can discover interesting destinations based on the actual traveling experiences and …

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Mark Zuckerberg visits Moscow, tries wooing Russian programmers to California

October 5, 2012

While visiting Russia for the first time earlier this week, Facebook’s founder paid a visit to Prime Minister Dmitry Medvedev after meeting with local IT companies – including search giant Yandex – and technical teams. A high tech aficionado, Medvedev – who served as Russia’s President for four years before becoming Prime Minister last March – personifies …

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Utility services management startup secures $1.2 million from Runa Capital

October 5, 2012

Runa Capital, a Moscow-based fund operating internationally, announced earlier this week that it has invested $1.2 million in Domosite.ru, a Russian startup that develops solutions for utility services management companies. The terms of the deal were not disclosed. Domosite.ru addresses a market of approximately 30 million households in Russia. Its solutions are intended for the …

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Bright Capital funds fotoshkola.net for international expansion

October 4, 2012

Bright Capital, the international venture investment arm of Russian billionaire Mikhail Abyzov, has invested “from $3.5 million to $4 million” in exchange for a minority stake in Fotoshkola.net, RBC Daily reported earlier this week, citing unnamed sources in the venture industry. When contacted by East-West Digital News, however, Bright Capital declined to confirm the figure …

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Aurora invests $1 million in 3D interior design startup

October 4, 2012

Russian venture fund Aurora Venture Capital has invested 30 million rubles, or a little less than $1 million, in Apartama.ru, a Moscow-based online retailer of furniture, house appliances and interior design items. The deal was reported yesterday by Russian news agency RIA Novosti, citing Aurora’s Managing partner Vsevolod Topolyansky. The terms of the transacton were …

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‘Innocence of Muslims’ banned in Russia; YouTube under judicial threat

October 3, 2012

A Moscow court on Monday condemned the film “Innocence of Muslims” as “extremist” – citing  a 2002 law regulating public expression – and has forbidden its dissemination on the territory of the Russian Federation. The court’s decision, which has not yet been announced officially, was revealed on Tuesday by Minister of Communications and Mass Media …

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New certification service aims to make online shopping safer

October 3, 2012

While users’ lack of trust remains a major obstacle to the development of e-commerce in Russia, a notable initiative to certify e-shops was announced last month. Trusted Service (in Russian: “Nadezhnaya Pokupka”), a newly established Russian company, has started certifying the reliability of e-commerce sites. Trusted Service didn’t start from scratch. Having received €500,000 in …

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Delivery Club raises $4 million from Addventure

October 2, 2012

Moscow-based online food ordering company Delivery Club announced last week it has completed a $4 million second round of financing from its existing investor Addventure, a major Russian venture fund.  The funds  will be invested in regional and global expansion, the startup stated, targeting Central and Eastern European countries. Delivery Club claims it currently processes …

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Internet still ‘partly free’ in Russia but tighter controls seen ahead, Freedom House reports

September 27, 2012

Freedom House, a US-based NGO monitoring the progress or restriction of human freedoms as it perceives them around the globe, has published its most recent Freedom on the Net 2012 report, the third in its series. This edition assesses Internet and digital media in 47 countries over a period spanning January 2011 and May 2012. …

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