Regions & cities

Tatarstan startup contest sees six winners; government grants issued

July 31, 2012

Six projects have won the “Startup-Sabantuy!” contest organized by Kazan’s IT-Park and the venture fund Runa Capital. Two thousand participants from 13 cities of the Volga Federal District presented 130 projects in an “elevator pitch” format. Thirty selected projects then took part in the next stage – a five-day Startup Camp that included business training …

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Sarov technopark to raise $30m in venture investment

July 27, 2012

The technopark of Sarov in the Nizhny Novgorod region plans to raise 1 billion rubles, or some $30 million, to finance investment projects which will be selected through an innovation contest, the RIA news agency reported earlier this week. The contest will cover 13 different technological fields, including IT, supercomputers, space systems, transportation, and electrophysical …

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Schneider Electric to open R&D center in Skolkovo

July 27, 2012

Earlier this week, the Skolkovo Foundation and the French global energy engineering company Schneider Electric inked an agreement that gives Schneider Electric residency status in Skolkovo, the state-sponsored innovation hub under construction outside Moscow, and paves the way for opening its own R&D center there, Schneider Electric reports. The innovation center, which is expected to …

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Association of “smart cities” to be formed in Russia

March 2, 2017

An association of “smart cities” will be formed in Russia by the end of 2012, the ITAR-TASS news agency reported last week, citing Peter Schipper, the Director of the Department of Engineering and Transport Infrastructure of Skolkovo, the state-sponsored innovation hub nearing completion near Moscow. According to Schipper, the term ‘smart city’ implies a complex …

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Kirov city eyes IT technopark

July 19, 2012

Kirov city authorities intend to build a technopark specializing in information technologies. According to its plans, the Kirov technopark will be similar to Kazan’s IT Park, which is located in the Republic of Tatarstan. The regional authorities are carrying out a number of projects to develop IT technologies and promote the digital economy in the region. …

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Moscow city’s seed fund teams up with VCs and angels to support innovation

July 16, 2012

The Moscow Seed Fund, a fund set up by the Moscow government to promote venture investment in local startups, announced earlier this month its decision to provide loans to innovative companies co-invested in by venture funds and business angels. A list of 12 such co-investors, picked on a tender basis, was approved by the fund. …

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IBM collaborates with Russian innovation giants to boost microelectronics industry

July 13, 2012

Saint Petersburg – IBM (NYSE: IBM) and five leading Russian innovation companies: the Skolkovo Foundation, Rusnano, Rostelecom, RVC and ITFY, have signed a collaboration agreement to help spur a new wave of innovation in Russian technology. The five Russian companies have joined forces to foster a culture of applied research and commercialization and attract key …

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Three new incubators to open in Akademgorodok

July 12, 2012

The technopark of Akademgorodok will host three new incubators by the end of the year, dedicated to information technologies, biotechnologies and scientific instruments, respectively. The regional authorities also announced recently their intention to create a world-class innovation center in Akademgorodok with 16 R&D centers, in addition to the four centers already present.

Russian government to support 13 innovation clusters with $775 million

July 6, 2012

Last month, Venture Business News reported that the Russian Ministry of Economic Development has approved a list of pilot programs for the development of innovation clusters that will receive financial support from the federal budget. Out of 94 applications, an expert group within the ministry has selected 25 projects that fell into two groups. The …

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EBRD to invest $30.5 million in Russian Internet broadband provider

July 5, 2012

The European Bank of Reconstruction and Development announced yesterday its intention to invest up to $30.5 million in Trivon AG, an internet broadband provider operating in Russia under the Virgin Connect brand. The financing will allow the company to expand the coverage of Trivon’s internet broadband services in the Russian regions through the acquisition of …

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Alcatel Lucent and Rostechnologii sign “R&D pact” to advance LTE, network and transmission technologies

September 3, 2016

Alcatel-Lucent, a Paris-headquartered global leader in mobile, fixed, IP and Optics technologies, announced last week an expansion of its partnership with Rostechnologii, a large, state-owned Russian high-tech corporation much involved in the defense industry. The two companies have signed a “research and development pact” intended to “accelerate the deployment of advanced LTE services, new network …

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