The Skolkovo Foundation will set up three venture capital funds to provide additional sources of funding for startups, said its president Victor Vekselberg in late October at the Open Innovations forum. Funded by the Russian government, the Skolkovo Foundation manages the completion of an international tech hub on the outskirts of Moscow. “Now we’re creating a daughter …
UK-based education service MEL Science announced today the completion of its Series A funding round with Sistema VC injecting $2.5 million in the company. MEL Science claims that its subscription service, which features nearly 40 interactive chemistry sets, is “changing science education” by “incorporating for the first time the virtual reality (VR) and augmented reality (AR) into a single …
UK edtech startup receives Russian money to “bring VR and AR to chemistry education” Read More
Facebook and Global App Testing have teamed up to launch Russia’s first ever Testathon – a hackathon for testers – on October 8 and 9 in Moscow and St. Petersburg, respectively. Testathons aim to bring together the best testers in the world to learn from best practice, network and win prizes whilst trying to break …
Facebook and Global App Testing introduce Russia’s first “Testathon” (Oct. 8-9) Read More
Panasonic and Raidix, a St. Petersburg based IT developer, have partnered to create a unique data management and storage system to be run by Russian software. An MoU was inked earlier this month, announced Russia’s Skolkovo Foundation, also a participant in the deal. The partners are said to be planning to develop a brand new product enabling …
Panasonic bets on Russian software to run data for 100 years Read More
Lituanian startup Trafi has launched its public transport app in four Russian cities — Moscow, Saint Petersburg, Rostov-upon-Don in southern Russia and Chelyabinsk in the Urals. The mobile app is designed to help users plan and optimize journeys, while cities may avoid congestion and make commuting faster. “Our combination of scientific algorithms, real time processing of traffic situations and crowd-sourced reports allows …
Lituanian startup Trafi spends $1 million to enter Russian market Read More
iDealMachine, a venture fund and startup accelerator hosted by ITMO, a major university in St. Petersburg, was ranked third among 330 university business accelerators from 64 countries, according to UBI Global. The awarding ceremony took place on October 27 in Turin, Italy. Based in Stockholm, UBI Global presents itself as a “thought leader in performance analysis of business incubation around …
St. Petersburg’s iDealMachine ranked third among world’s university accelerators Read More
An international mobile and social game development and marketing conference, The White Nights Conference will open its doors for the seventh time on 26-27 June in St. Petersburg. The event will gather industry leaders from all over the world. Wooga, Twitter, Unity, Game Insight, Epic Games, Unreal Engine and more companies will be attending the event. 1,200 attendees …
A startup with routes in Russia’s second city has attracted more than $221k in funding on Indiegogo. The company is called iTraq, and has developed a small device whose location can be tracked using a smartphone app. The iTraq device looks just a lot like a standard credit card, and can be carried in a wallet, …
Google plans to launch its Google Startup Launch program in Russia, reported Russian tech blog Firrma.ru. This international program is not time-limited and is focused on startups in the early stages of development. Startups that end up in Google Startup Launch will participate in technological, product and marketing training seminars. In addition, they will receive support from specially selected …
Google’s Startup Launch Program extended to Russia Read More
Last week Croice, whose mobile app allows you to create photo stories with a background audio, announced its first round of financing with $500,000 brought in by venture fund Imperious Group. Launched earlier this year by Russian entrepreneur Vadim Zhernov, the St. Petersburg-based startup presents its app as “a new media format.” The photo stories, named …
Croice secures $500,000 from Imperious Group to develop “new format of photo stories” Read More
The Presidential Library and National Library of Russia, both located in St. Petersburg, are working on a project that aims to become the Russian answer to Wikipedia. According to the Presidential Library’s chief spokesman Valentin Sidorin, the creators will not be writing an e-encyclopedia from scratch; they will merely systematize, digitize, and grant open access …
St. Petersburg libraries creating an ‘alternative Wikipedia’ about Russia Read More
The destiny of an electronic monument in memory of Steve Jobs in St. Petersburg has attracted public attention this week after its owner, a Russian company named “West-European Financial Union” (ZEFS in Russian), withdrew it in an expression of its radical anti-US and anti-gay stance. The monument had been placed last year in the yard of the St. …
Are Steve Jobs and Tim Cook dangerous gay propagandists? Read More
