Skolkovo

Bashkortostan plans to follow Skolkovo’s lead in information technologies

November 14, 2011

Last week, the government of Bashkortostan announced its intention to build an IT technopark named Kurai. The new technology park is part of a 5 year program to foster innovation in the republic. To build the technopark, Bashkortostan authorities intend to attract up to 1 billion rubles, or approximately $33 million, in federal funding. The …

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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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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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Venture fund Runa Capital to pour $5 million into Skolkovo projects

September 23, 2011

Russian early stage venture fund Runa Capital shook hands with the Skolkovo Foundation, the state-owned organization leading the completion of the major innovation hub on the outskirts of Moscow, reported Russian business daily Vedomosti. The deal outlines provisions for Runa to collaborate with Skolkovo over the next three years and invest $5 million into the projects …

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Innovation to gain momentum in Irkustk region

March 2, 2017

Irkutsk regional Vice President Viktor Nechayev made a series of announcement last week at the Baikal Economic Forum regarding the forthcoming development of innovative industries – including IT – in the region. Among the projects under consideration is a local venture fund with the participation of state-owned fund of funds the Russian Venture Company. Other …

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Nokia Siemens Networks to set up Smart Lab in Skolkovo

July 5, 2011

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.

Multi-billion dollar investments, tech partnerships and easy visas announced at St. Petersburg International Economic Forum

June 22, 2011

St. Petersburg – Shoring up the slow and difficult transition in the Russian economy from gas and oil to a more knowledge driven paradigm, the St. Petersburg International Economic Forum held in the end of last week in Russia’s Northern capital was replete with innovation related declarations on a massive scale. Innovation was a central theme at the …

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St. Petersburg forum: Medvedev shows willingness but has “no illusions” on the pace of modernization

June 22, 2011

St. Petersburg – In addressing participants at the St. Petersburg Economic Forum last Friday, Russian president Dmitry Medvedev’s speech did not reveal any substantially new position regarding his government’s now established stance on modernization, but innovation was nevertheless put forward as the first and foremost theme in the President’s address. “Modernization is the only way to address …

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Microsoft to distribute $10 million among 100 Russian startups over 10 years

June 8, 2011

Microsoft is ready to invest some $10 million into 100 Russian startup companies over a 10-year period, the president of Microsoft Russia Nikolya Pryanishnikov told RBC, a Russian news agency yesterday. “Our experience is that investment into a single startup should total between $50,000 and $500,000 with an average of $100,000,” Pryanishnikov explained. According to …

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