SDI Research, a Moscow-based “semantic data integrator,” will receive a $335,000 grant from Skolkovo for the development of a next-gen semantic master data management (MDM) system to store and sync data. A reported by the Skolkovo Foundation, the effort will require an estimated $670,000 overall. The developer is expected to raise the remaining 50% from other …
Next-gen data management system to emerge in Russia Read More
The Russia’s government has signed an anti-crisis plan to restructure the economy in part through innovations, Deputy Prime Minister Arkady Dvorkovich told a meeting of regional officials on Wednesday. Russian news agency TASS reported that plan will require 1.375 trillion rubles (approximately $20 billion at the current exchange rate), including budget expenditures, state guarantees and …
Moscow Seed Fund, the venture arm of the Moscow City authorities, is concluding its first three-year investment cycle. In partnership with Softline Venture Partners, the fund supports venture investors in financing small businesses in the science and technology sector. It backed startups Context Broker and AppStarter at the end of 2012 and early 2013 respectively. Both startups have …
In 2014, according to a new report by international market research company PMR, the Russian market of commercial data center services reached 11.7 billion rubles (approximately $303 million at the average 2014 exchange rate), up 20.4% from the previous year. Development forecasts for the next few years remain positive. Organic growth is driven by the rapid development of …
Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, has acquired 75% of Speedyline, a triple-play operator operating in the Moscow region. Trivon has also got the option for the further purchase of the remaining 25%. The deal was completed in December, but announced only last week. …
Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator Read More
Social media business will be highlighted in Moscow on March 12-14 at the Social Networking Congress & Expo (SNCE), a two-day conference and exhibition that gathers each year the representatives of the Russian social media community. The main topics of this year’s edition will be social media marketing, social business app development; social media monitoring …
Hot social media topics to be highlighted at Moscow conference and exhibition Read More
Russia’s absorption of the Crimea region in early 2014 continues to be a source of friction between Washington and Moscow. The issue was illustrated recently by several US firms which cut ties with the disputed territory altogether. Due to sanctions placed on the region last year by the US authorities, which include an export ban of …
Just one year after Russia saw the launch of its first hardware-oriented accelerator, DI Group, a Tomsk, Siberia-based high tech group, has launched a “venture fund-accelerator” targeting startups in the fields of smartphones, electronics, gadgets and Internet projects. The acceleration program of up to six months encompasses the industrial design and the marketing aspects of each …
Following President Vladimir Putin’s visit to New Delhi in December, 15 IT companies from Skolkovo, the international tech hub under completion on the outskirts of Moscow, will travel to India next month, reports the Skolkovo Foundation. The companies will take part in IndiaSoft, a major industry conference and B2B networking event organized every year to bring …
Whenever you spot someone on the Moscow metro taking a photo with their mobile phone, chances are you have just witnessed a combination of two things that are widely popular in the Russian capital. Transporting an unparalleled 9 million weekday commuters on its 12 lines, Moscow’s metro boasts a number of stations that wouldn’t look out of place as side wings of the Palace of Versailles.
Last week Croice, whose mobile app allows you to create photo stories with a background audio, announced its first round of financing with $500,000 brought in by venture fund Imperious Group. Launched earlier this year by Russian entrepreneur Vadim Zhernov, the St. Petersburg-based startup presents its app as “a new media format.” The photo stories, named …
Croice secures $500,000 from Imperious Group to develop “new format of photo stories” Read More
A tech startup that is looking to make those hellish trips to the shoe store a thing of the past has won a grant of 15 million rubles (approximately $275,000 at the current exchange rate) from Skolkovo Foundation. Fitanny’s virtual shoe fitter compares your foot structure to the type of shoe you’re interested in, and then …
Virtual shoe-fitter wins 15 million ruble grant from Skolkovo Read More
