Regions & cities

Skolkovo startups attract $265 million from 22 funds

November 12, 2011

Residents of the Skolkovo innovation hub under construction near Moscow have already attracted $265 million in pledged investment from 22 funds since the beginning of this year, Russian business daily RBC Daily reported yesterday. Among these investors are Russian management company Leader, the Canadian fund Pangaea Ventures, Bright Capital, Foresight Ventures, Runa Capital, Softline Venture …

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Russian geosocial service AlterGeo puts down roots in Ukraine

November 11, 2011

AlterGeo, a Russian startup inspired by the Foursquare concept, announced yesterday it has opened a representative office in the Ukrainian capital of Kiev, where it already counts 60,000 registered users. The Moscow based company has also opened an office in St. Petersburg, Russia’s second largest city, as well. The Kiev office is the company’s first …

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Innovative Russian search engine locates live media content, targets US market

November 8, 2011

Searching for live audio and video streams online could become much easier thanks to Balakam.com, an innovative search engine launched yesterday in beta version by a team from Nizhny Novgorod, Russia’s fourth largest city. Balakam has developed and patented particular search algorithms and an advanced crawling technology to retrieve and index live media streams throughout …

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US investors to fund Russian startups through new accelerator in St. Petersburg

November 8, 2011

Just days after Texdrive, Russia’s first international startup accelerator, opened in Moscow, the St. Petersburg National Research University of Information Technologies, Mechanics and Optics (ITMO) announced in late October the creation of its own startup accelerator in partnership with US venture fund RSV Venture Partners. Operations will start early in 2012 at the university-hosted startup …

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Road quality mapping startup honored at Opera Software Startup Awards contest

November 3, 2011

Opera Software, the Norwegian browser software publisher, announced the results of its Opera Startup Awards contest this Tuesday. The competition, intended to reveal the best Russian student startups, was conducted by Opera Software in partnership with the St. Petersburg National Research University of Information Technologies, Mechanics and Optics and its affiliated business incubator ‘Quattuor Dimensionis’ (QD).

Moscow couple charged with video piracy with over $1 billion in damages

November 3, 2011

Moscow residents Andrey and Natalya Lopukhov have been charged with Internet video piracy, with Russian and international copyright owners seeking damages estimated at over 38 billion rubles, or $1.26 billion. The Russian Office of the Prosecutor General ordered the couple to be arraigned in court on criminal charges, the Russian press reported last week.

MIT and Skolkovo to develop joint research university in Moscow

November 1, 2011

A three-year collaboration program for the development of a graduate level research university was signed last week in Moscow by MIT President Susan Hockfield and Skolkovo Foundation President Viktor Vekselberg. The new institution will be located in Skolkovo, the state sponsored innovation hub under completion near Moscow. The university, named Skolkovo Institute for Science and …

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Skolkovo financing partly unveiled, details remain undisclosed

October 31, 2011

Skolkovo, the state sponsored innovation hub under completion near Moscow, is expecting an approximate 135 billion rubles, or $4.14 billion, in investment between 2012 and 2015. Part of this sum, at least 55 billion rubles or $1.8 billion, will be a provided in the form of loans from Vnesheconombank (VEB), the state owned bank for …

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Skolkovo holds roadshows in Silicon Valley, Munich and Vienna

July 4, 2017

Skolkovo Foundation, the state owned enterprise building an international innovation hub near Moscow, completed a series of roadshows in Western countries to present its projects. The first presentation, held in Vienna on September 14, focused on biomedical, energy saving technology, and IT projects. The Skolkovo delegation also discussed possible cooperation in the field of nuclear …

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MTS acquires pay TV and telephony service operator in Tatarstan

October 25, 2011

MTS, a leading Russian mobile operator, announced today it has acquired TVT, a leading provider of cable TV and fixed broadband services in the republic of Tatarstan. The purchase price amounted to $162.9 million, in addition to $17.1 million in net debt assumed by MTS. “The acquisition allows MTS to strengthen its leadership position in …

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First international startup accelerator opens in Moscow

October 24, 2011

The Russian startup scene took another step towards becoming an international platform last week with the launch of TexDrive, Moscow’s first international mentor-led startup accelerator program. Among TexDrive co-founders are startup accelerator veteran Jon Bradford from Cambridge, UK, and Andrey Kessel, a Russian born entrepreneur and investor also living in Cambridge. Joining them is Alexander …

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