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 …
Far East and Baikal Regional Development Fund to be bumped up by 200 times Read More
A group of forty Russian scientists has received a week of on-the-job training in the commercialization of hi tech projects at Israel’s Ariel University, the innovation news portal Venture Business News reported last week. The university, which is located in the Israeli settlement of Ariel in the West Bank, was upgraded just two months ago …
Russians learn tech monetization in Israeli settlement Read More
Obninsk, a ‘science city’ in the Kaluga region, announced plans to build its own $40 million high tech technopark. The effort will be funded on a roughly 50/50 basis between federal and regional coffers, the Nanoprom.ru portal reported earlier this week. The future technopark will reportedly focus on biotechechnology and pharmaceuticals, nanotechnology, nuclear power technology, …
The Union of Regional Innovation IT and Electronics Clusters has been established in Russia, reports the NanoNewsNet portal. The decision was formally announced on October 31, 2012 on the opening day of the Open Innovation international forum in Moscow. Under the terms of the Union’s Declaration, the new association welcomes regional innovation clusters that manufacture …
Key regional IT and electronics clusters create union Read More
Bashkortostan, a sizable region in the Volga area, is developing its own IT park. “We’re drafting an IT park concept and we already have a business plan,” said Boris Melkoedov, the region’s minister of telecommunications. “The region is also in talks with federal authorities over the inclusion of our project in the Russian techno-park development program.” …
The Novosibirsk region of Siberia will create its own electronic cluster, Rossiyskaya Gazeta reported earlier this month. The planned facility will include significant production capacity for the manufacture of next gen electrical current sources based on a combination of supercapacitors and classical lithium-ion or other storage battery technologies. The facility will also reportedly manufacture products …
Russian HORECA software publisher iiko has finally secured the funds it had been seeking for nearly one year. The funds have been provided by Russian tech fund Leader Innovations, Russian business daily Vedomosti reported on Monday, citing the iiko’s General Director Roman Abramov. The $10 million investment will be released in two tranches, including $6 …
Restaurant software publisher iiko raises $6 million for international expansion Read More
Doroga.tv, a startup based in Nizhniy Novgorod, has received permission from the Metropolitan Transit Authority (MTA) in New York on a test launch of software it has developed for the online tracking of city buses, Venture-News.ru reported last week. If the test is deemed successful, the system could become a permanent feature of the city’s transport resources. …
Russian online tracking system tested in New York City buses Read More
1C, Russia’s leading publisher of entreprise software, has acquired a 51% stake in Agent Plus, a developer of corporate mobile solutions, for an undisclosed amount. The two companies will create a joint venture for R&D and commercialization purposes, Russian IT portal CNews.ru reported last week. Agent Plus was established in Astrakhan, Southern Russia, in 2004. …
1C acquires business mobile app developer Agent Plus Read More
In what has been presented as a world first, Scartel, the Russian WiMAX and LTE operator operating under the Yota brand, announced last week it has implemented LTE Advanced technology in eleven of its LTE base stations in Moscow. LTE Advanced is a major enhancement of the LTE standard. The Russian operator claims it will …
Yota launches world’s first LTE Advanced network in Moscow Read More
Once a remote hinterland in terms of foreign investment, Russia is now emerging as a hot destination for investors looking for a slice of the action on the digital frontier. The recent Landing Page conference organised by Digital October Center for Geeks on a Plane (GOAP) participants, Russian VCs and entrepreneurs was a perfect example …
While visiting Russia for the first time earlier this week, Facebook’s founder paid a visit to Prime Minister Dmitry Medvedev after meeting with local IT companies – including search giant Yandex – and technical teams. A high tech aficionado, Medvedev – who served as Russia’s President for four years before becoming Prime Minister last March – personifies …
Mark Zuckerberg visits Moscow, tries wooing Russian programmers to California Read More
