Regions & cities

Elementaree raises $2 million: Russia’s food delivery market heats up

September 4, 2017

The Russian food delivery startup Elementaree.ru has secured $2 million from several investors, including venture capitalists Ilya Ogai (UFG Private Equity) and Boris Zhilin (Avenir) and Veeam Software Senior VP Anton Antich. The news was reported last week by Vedomosti, which cited exchanges with the startup and with these investors. The startup’s founder Olga Zinovyeva …

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Russia joins forces with Ethereum Foundation to deploy Blockchain technologies in state administrations

December 23, 2018

This past Tuesday VEB, a major state-owned Russian development bank, signed a partnership agreement with the Ethereum Foundation to develop and implement Blockchain-based government applications. The Foundation’s founder Vitalik Buterin and VEB President Sergey Gorokov Chairman both took part in the signing ceremony, which was held during a Blockchain conference in Kazan, the capital of the innovation-friendly …

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Russia prepares to develop high-tech infrastructure for driverless transport

August 16, 2017

According to a resolution published last week, the Russian government intends to create an IT and telecom infrastructure for driverless transport across the country’s roads and highways. According to the plan, the rollout will start with large cities as well as the north-south and east-west transport corridors. Artificial intelligence solutions will be used in public …

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3D printing for cheap: New wax-based technology developed by Siberian scientists

August 1, 2017

Krasnoyarsk scientists at the Reshetnev Siberian State Aerospace University (SibSAU) have developed a new method of using wax in 3D printing. Products for metallurgy can now be made from ordinary candle grade paraffin. “Unlike classical technology that requires fairly costly materials such as silicone or ceramics, this technology enables the use of cheap expendables, for …

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French corporate giants Decathlon and Servier hunt for Russian startups at Skolkovo

August 25, 2017

This past Monday a team of talent scouts from Decathlon, a French chain of sports stores with nearly 50 outlets in Russia, met with a range of Russian startups at Skolkovo, the international tech hub under completion on the outskirts of Moscow. The meeting was part of a joint initiative of the Skolkovo Foundation, French Tech Moscow, …

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Ikea launches second startup accelerator program in Russia

July 20, 2017

Following the first edition in late 2015, Ikea is launching its second ‘Mega Accelerator’ in Russia. Startups are expected to help “transform the MEGA shopping malls into spaces for meetings and relaxation, improve customer experience and optimize business processes.” Owned, developed and managed by Ikea, MEGA is a leading chain of shopping centers across Russia. These malls attract some 275 …

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Russia’s new Blockchain passion displayed at St. Petersburg conference and Moscow hackathon

December 23, 2018

Illustrating the country’s new passion for the Blockchain technologies, two notable events took place last month in Russia. The first one, the Blockchain & Bitcoin Conference, was held on June 22 in Saint Petersburg, attracting over 600 visitors and 25 exhibitors. As reported by Bitcoin Magazine, “a mixed crowd of denim jeans and custom-tailored suits, typical for …

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Yandex acquires regional car classifieds sites from Hearst Shkulev Digital

July 11, 2017

Auto.ru, one of the leading online auto classifieds sites in Russia, and its owner Yandex, have agreed a “strategic partnership,” with Hearst Shkulev Digital, a leading publishing house in Russia, as reported by the Russian business daily Kommersant last week. As part of the deal, Yandex is acquiring HSD’s car classifieds sites across Russian regions. These include E1.Auto …

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Russia’s illegal drug trade thrives in the dark web

July 5, 2017

The drug transactions plaguing some Moscow neighborhoods begin in drug supermarkets hidden online in the deepest reaches of the “dark web.” Here, hundreds of eager suppliers compete to satisfy their customers’ sophisticated palettes. Cryptocurrencies like Bitcoin are the legal tender here. In exchange, buyers are issued GPS coordinates to the spot where their purchases await …

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New Skolkovo lab aims to “revolutionize” approach to difficult oil deposits

June 25, 2017

Earlier this month Skoltech, a private graduate research university hosted by the Skolkovo tech hub on the outskirts of Moscow, unveiled a new laboratory. Dubbed ‘Center for Hydrocarbon Recovery,’ the new lab is devoted to research and development into technologies for producing oil and gas that cannot be extracted using traditional methods: so-called hard to recover …

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