The Moscow Seed Fund, the City of Moscow’s venture arm, has poured 8 million rubles (about $240,000) into a startup named Probki Iz Okna (Russian for “traffic jams from the window”). The company has created a large network of webcams installed and controlled by users to monitor the road traffic situation in real time in the …
Moscow Seed Fund invests $240,000 in traffic monitoring service Read More
Skolkovo, the international tech hub nearing completion on the outskirts of Moscow, and Accenture, the global consulting and outsourcing company, have agreed to establish the Accenture Center for the development of predictive analytics solutions at Skolkovo. Under the current plans, the Accenture center will start its work next month and reach its planned capacity by …
Accenture teams up with Skolkovo to develop predictive analytics Read More
FoodRock Menus, a B2B2C startup founded in Moscow by a British expat with a Russian partner, has just launched its first products, testing the waters of the SaaS market for Russia’s restaurant industry. Offered under a freemium model, the company’s “Live Menus” software enables restaurants to manage their online menus from a single place and …
Moscow startup FoodRock Menus launches SaaS platform for restaurant industry Read More
In cooperation with Ericsson (NASDAQ:ERIC), VimpelCom – one of the world’s largest integrated telecommunications services operators – has launched LTE services in Moscow. VimpelCom LTE FDD services are now accessible within the central Sadovoye Ring area of the city, and are expected to be available throughout the Russian capital by the end of 2013.
Earlier this month, Radario.ru, a St. Petersburg-based e-ticketing service for music and entertainment events, closed a $1.2 million investment deal with undisclosed investors in its second round of funding, bringing its total investment since inception to $1.4 million. Daria Semenova, a spokesperson for Radario, explained to East-West Digital News that the startup’s post-investment valuation is …
St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing Read More
“I want to assure you on behalf of the Kremlin and the government of the Russian Federation that Skolkovo is here to stay, it is our strategic course, and there can be no changes there,” the Russian news agency ITAR TASS quoted Sergey Ivanov, the Russian president’s chief of staff, as saying last week. “Individual scandalous …
RVC, the Russian government’s fund of funds for innovation, and GK Pilot, a leading local systems integrator, have co-invested in “FABRIKA,” an IT park in the southern Russian city of Astrakhan. RVC’s involvement comes through its tributary Infrafund, which is dedicated to financing infrastructure initiatives throughout the country. The investment amount has not been disclosed, …
State-owned fund RVC co-invests in Astrakhan IT Park Read More
The Russian venture fever hit the Tomsk region in Siberia last week with the announced launch of a regional seed-stage fund. The new fund is expected to focus on the support of technology developments across the region’s innovation production clusters and in local academia. The fund will operate as an Open Investment Society (in Russian: …
Tomsk’s new VC fund to back seed-stage efforts in business and academia Read More
Russian tech fund Softline Venture Partners and the Moscow Seed Fund announced last week that they have closed a funding deal with ITMan, a startup providing SMB companies with SaaS (software as a service) solutions to control IT assets. While neither the amount of the investment nor the stake the investors have acquired in ITMan have been …
SaaS startup ITMan attracts investment from Softline and Moscow Seed Fund Read More
As Russia’s banking sector seeks new, customer-focused strategies to win over clients in an increasingly competitive market, Russian startups are close at hand and ready to support such strategies with an array of advanced IT solutions. In St. Petersburg on May 31st, eighteen startups, all residents of the Ingria business incubator, made a series of …
St. Petersburg startups pitch customer-oriented solutions for bankers Read More
The Russian government has named pharmaceutical and biomedical as priority sectors for innovation, and has set a fairly ambitious strategic goal of increasing the share of domestic medical equipment products in the Russian market to at least 40%. In these highly important fields, two new players have emerged recently in Russia, assisted by the global …
Russian innovators offer solutions for mobile medicine; Cisco backs hi-tech endeavors Read More
Last week, the Microsoft Russia Seed Fund announced it has disbursed another $160,000 to support Russian startups developing IT projects. A $60,000 grant went to Appercode from Siberia’s Novosibirsk. The Appercode team pushes a solution that would enable application developers and systems integrators to create .NET/C#-based cross-platform mobile apps. The product is believed to reduce …
Microsoft Seed Fund backs app development and genetic diagnostics Read More
