Regions & cities

Skolkovo, Rusnano, and Russian Venture Company open office in Silicon Valley

Skolkovo, the state-sponsored innovation hub under construction near Moscow, last week opened its American beachhead in Silicon Valley together with Rusnano, a state-owned corporation, and Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation.

Pskov launches business incubator in May

Pskov expects to have its first business incubator for young entrepreneurs completed and launched this May, RIA Novosti reported, citing incubator director Dmitry Mikhailov.

Tomsk to get new $17.5 million business incubator

Tomsk Control Systems and Radio Electronics University (TUSUR) has plans to commission by late 2011 – early 2012 at the latest the city’s new fully equipped $17.5 million technology business incubator, RIA Novosti reports.

Bashkortostan announces $52 million innovation program till 2015

Authorities in the Republic of Bashkortostan have approved a $52 million long-term innovation program to run till 2015, regional officials report. Of the total funding, $17 million is reportedly to be allocated from budgets, and $35 million is to be raised from non-budgetary sources.

VimpelCom last in the running for NTC acquisition

FAS, the Russian anti-monopoly authority, rejected the bids of MTS and MegaFon, two leading Russian mobile operators, to acquire New Telephone Company (NTC), a major mobile, fixed and IP telephony and internet operator based in Vladivostok. As a consequence, VimpelCom, another leading Russian operator, is the only bidder left in the running.

US magazine identifies Russia’s 10 most innovative companies

After compiling a list of the “Top 50 Most Innovative Companies” worldwide last month, which included Yandex and Kaspersky Lab, U.S. business magazine Fast Company has now issued a ranking of the “Ten Most Innovative Companies in Russia.”

Russian Electronics to build $230 million light-diode lamps plant in Tomsk SEZ

Russian Electronics has announced plans to invest $228 million building a plant to produce light-diode lamps in Tomsk region. The plant is reportedly to be located in Tomsk special economic zone (SEZ). Construction of the plant is scheduled to start in May 2011 and last 1.5 years.

Local deal site raises funds from Russian-American investor

Access Industries, a US based industrial holding with international assets owned by prominent Russian-American businessman Leonard Blavatnik, has acquired a stake in Vigoda.ru (in Russian: “Advantage”), one of Russia’s numerous local deal sites.

Rusnano and Nokia Siemens to produce LTE equipment in Tomsk region

Rusnano has signed an agreement to invest in the production of LTE base stations in the Tomsk region, with Mikran, a Tomsk-based company, and the local administration as its partners. Nokia Siemens Networks equipment will be used for production.

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