Far-East

Private-public partnership launches $69 million smart city program in Russia’s Far East

September 14, 2021

Digital Primorye, a smart city solution provider launched by the Far East High Technology Fund (FEHTF) and VessoLink Group,  is working on some 30 projects to develop digital services and high tech systems in such sectors as transport, public utilities, education, health care, and more..  These projects are taking shape in Primorye, a Far Eastern Russian region that …

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Moscow startup receives $4 million from state funds to develop high-tech prostheses

January 20, 2021

Motorica, a Moscow-based high-tech prosthetic startup, has attracted 300 million rubles (some $4 million at the current exchange rate) from two major government funds: the sovereign wealth fund RDIF and the Far-East High Technology Fund. The news was reported yesterday by business publication RBC, which cited exchanges with the Far-East fund’s press service.  Touting itself as “the only company in the world to make …

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Robot maker Promobot raises $2.7 million to develop artificial skin in Russian Far East

April 17, 2020

Promobot, a successful Russian robotics startup, has secured 200 million rubles (approximately $2.7 million) from the Far-East High Technology Fund as it intends to open a branch in this far-flung Russian region. This local branch will develop sophisticated artificial skin and hair to enhance the look of these robots.  The fresh funding will also help …

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Skolkovo to cooperate with Japan in the fields of AI, Big Data and IoT

September 14, 2018

Earlier this week, on the eve of the Eastern Economic Forum, the Skolkovo Foundation signed a memorandum of understanding with Japan’s IoT Acceleration Consortium. The agreement followed talks between Russian President Vladimir Putin and Japanese Prime Minister Shinzō Abe in Russia’s Far Eastern port city of Vladivostok. The IoT Acceleration Consortium aims to foster the development of technologies related …

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New state-backed venture fund aims to invest $175 million in Russia’s Far East

November 23, 2017

Three major Russian institutions — the Far East Development Fund, national fund of funds RVC and nanotech giant Rusnano —have ambitious investment plans for their new Far East venture fund that will support technology development in this far-flung Russian region. Dubbed “Far East High Tech Development and Implementation Fund,” the new investment vehicle aims to …

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New state-backed venture fund aims to invest $175 million in the Russian Far East

September 16, 2017

Last week at the Eastern Economic Forum three major Russian institutions – the Far East Development Fund, the fund of funds RVC, and nanotech giant Rusnano – signed a partnership to launch a new regional venture fund. Dubbed ‘Far East high tech development and implementation fund,’ the new investment vehicle aims to develop innovation and …

New state-backed venture fund aims to invest $175 million in the Russian Far East Read More

China and Russia launch high-speed train projects across Eurasia to foster economic integration

February 11, 2017

Last year Russian Railways announced that China agreed to provide a 400 billion-ruble ($6.2 billion) loan to build a high-speed rail project between Moscow and Kazan, a city 800km east of the Russian capital. According to Russian news agency Sputnik, which cites The China Daily newspaper, this project is scheduled for completion in 2020. The trains will be able …

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Skolkovo opens branch in Russia’s Far East

February 14, 2016

As announced earlier this year, Skolkovo, the international tech hub under completion on the outskirts of Moscow, has opened a new branch in the Far East and selected its first batch of local startups. Skolkovo’s experts have granted the status of resident companies to seven early-stage companies, the Skolkovo Foundation reported, claiming to have received in …

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Russia’s data center market to reach several hundred million USD in 2015

February 27, 2017

Russia’s young commercial data center market reached some $167 million last year with a yearly growth of over 20%, according to a report by Moscow-based consultancy Direct INFO, as reported by Russia Beyond The Headlines (RBTH). Other consultancies (PMR and J’son & Partners) have put the figures at more than $300 million. The market is being …

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Far East and Baikal Regional Development Fund to be bumped up by 200 times

December 5, 2012

The Far East and Baikal Regional Development Fund, which was set up a year ago, may be increased considerably, the innovation news portal Venture-News.ru reported last week. Currently, its authorized capital is $15.5 million; but it may soon be boosted to as much as $3 billion or more. The idea came from Russian President Vladimir …

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