Vizerra, a Moscow based developer of 3D applications for city planning, construction projects, product design, and virtual tourism, announced earlier this week the sale of a blocking stake (26%) in its capital to Solway, a Cyprus-based diversified investment group.
National innovation and entrepreneurship contest BIT held its finale last Friday on the premises of Moscow business incubator Digital October. LinguaLeo, a web service that teaches foreign languages through popular TV serials, books and contextual dialogues, walked away with the first prize.
The Skolkovo Foundation confirmed last Friday a broad cooperation agreement with Nokia Siemens Networks, a leading global enabler of telecommunication services. Among other items, the deal included provisions for a Smart Lab on the premises of the innovation hub under construction near Moscow.
i-Free, a global Russian mobile, digital finance and micro payment company, announced last Thursday the launch of its own internal venture fund to invest in IT startups. The new fund will provide financing as well as training and mentor support for seed stage projects – even to projects with “non-obvious monetization schemes” – and early growth …
St. Petersburg high tech company to fund Russian and foreign startups Read More
Tele2 Russia, a subsidiary of Stockholm based European telecom group, received a warning earlier this week from Russian telecom regulator Roskomnadzor that its licenses may be recalled should the company or its local subsidiaries continue serving regions where they have no licences, reported Russian business daily Kommersant.
The Moscow city government has signaled its preliminary approval for a five year city informatization program on Tuesday. The draft proposal of the program concludes that the whole initiative would cost 329.5 billion rubles, about $11 billion –a quarter of the city’s annual budget – and would be rolled out from 2012-2016. Following a series of public …
$11 billion to be poured in Moscow e-city development program Read More
Russian nanotechnology giant Rusnano and French MRAM chip maker Crocus Technology have selected Kaliningrad based satellite TV system maker General Satellite as their partner in their multimillion dollar joint project to transfer the manufacturing capacities of Crocus Technology to Russia.
Palo Alto based Garage Technology Ventures is partnering with Moscow based incubator Digital October to invest in Russian high tech startups with international potential. The news was reported yesterday by Russian business daily Vedomosti based on exchanges with Digital October General manager Dmitry Repin and Garage Technology Managing Director Bill Reichert.
Synergy Innovations, the venture arm of the Moscow University of Industry and Finance, will invest $1 million into the i-Ogorod web service – ‘i Garden’ in Russian – a project allowing its users to set up real vegetable gardens and manage them through the Internet.
Russia’s national telecommunication operator Rostelecom inked an agreement earlier this month with Sitronics, the country’s largest producer of microelectronic devices, to produce microchips containing the electronic signatures of Russian citizens. These microchips are to be integrated to conventional banking cards, the Russian news agency RIA Novosti reported.
BIT, the most important national innovation contest in Russia, will hold its finale this Friday on the premises of Moscow business incubator Digital October. BIT — short for Business of Innovative Technologies — is an entrepreneurship competition organized each year to help innovative projects emerge from across the country. BIT selects “not only innovative ideas, but …
IBM has opened Telecom Solutions Lab in Moscow, its first solutions center for telecommunications companies in Central and Eastern Europe, the firm reported last week at a news conference. The new research and development facility will allow IBM and its partners to develop, test and deploy software services demanded by client telecom companies. The lab …
