Regions & cities

Indian delegation visits Skolkovo on fact-finding mission

A delegation of scientists, educators and ministry officials from India paid a visit Wednesday to the Skolkovo Foundation, on a fact-finding mission to study the opportunities available for Indian students and startups in Russia. Led by Inder Jit Singh of India’s Ministry of Science and Technology, the 30-strong delegation visited the foundation’s headquarters in downtown …

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Skolkovo launches ‘More than Moore’ contest to rethink computer hardware

Skolkovo is dangling $400,000 worth of prizes in front of the tech startups that can revolutionize computer hardware – and possibly take humanity beyond a simple doubling of processor power every two years. Moore’s law states that computer capacity increases twofold roughly every 24 months, a loop we’ve been stuck in for half a century.

Action Media Group invests $200,000 in SaaS service Arnica.pro

Action Media Group, a large Russian B2B-publishing house, has invested $200,000 in SaaS service Arnica.pro. This is already the third round of investment for the company. Arnica.pro is aimed at smaller beauty salons, who can use the software for client registration, staff work schedules, CRM, transactions, accounts and integration with external services. The company was founded …

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Electronic prayer mat invented in Dagestan

A startup from Makhachkala in Dagestan, southern Russia, has come up with an out of the ordinary new product. Developer Eldar Klyichev has designed an electronic prayer mat, which helps Muslims to keep track of rakats, the ritual movements and words used during Islamic prayer. The electronic prayer mat is equipped with touch sensors which help …

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Russian subsidiary of Poland’s Asseco launches division in Crimea to serve local banking sector

Banking and finance software developer R-Style Softlab, based in Russia and owned by Polish company Asseco, is opening a new division in Crimea. Its office will be in Sevastopol. The department will specialise in software development for the banking sector, particularly banks located within Crimea and nearby regions. The company expects that by the end of the …

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Russian publishing company T8 raises funds and prepares for IPO to finance ambitious print-on-demand project

Moscow-based company T8 Publishing Technologies is planning to invest no less than 6 billion rubles (approximately $170 million) in an ambitious print-on-demand project, the Moscow authorities announced last week. The company claims it has acquired rare printing equipment that, combined with a special electronic publication platform, enables profitable printing of any quantity of copies – …

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Russian team Brainy Studio victorious at 2014 Imagine Cup

The international final of the world’s largest student IT competition, the Imagine Cup 2014, has taken place in Seattle, organised by Microsoft. 125 students representing 34 teams from across the world battled for the prizes. The winners of the ‘Games’ category was the Russian team Brainy Studio, from Perm National Research Polytechnic University (PNRPU) with their project TurnOn. The Russian …

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Symantec and Skolkovo pen partnership agreement

Earlier this week Skolkovo, the international tech hub under completion on the outskirts of Moscow, and California-based digital security solutions firm Symantec signed a deal for joint cooperation across a number of segments. Cooperation will range from educational projects to cooperation in software development. In particular, Symantec will provide mentoring support and advice to companies participating at …

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Qiwi launches acceleration program and invests in 12 startups

The investment arm of QIWI, the Russian payment giant, has injected $700,000 into 12 startups selected for the QIWI Universe acceleration program, hosted by Moscow State University’s business incubator. According to the company’s press release, over 500 applications were received out of which eight pre-seed stage and four more mature projects were chosen. Among the finalists …

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Online communication tool developer Livetex obtains $4 million from Vaizra Capital

Russian tech portal CNews.ru reported last week that Livetex, a St. Petersburg developer of online communication tools, has secured $4 million from Russian fund Vaizra Capital at an undisclosed valuation. The company will use the funds to strengthen infrastructure, expand its product line, and take the first steps towards entering foreign markets. Livetex claims that its instruments, which include …

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