Skolkovo

Ivideon secures $4 million from Impulse VC to take its video-streaming service global

Ivideon, a Russian startup whose cloud platform allows users to beam video to any device using almost any hardware configuration, has just raised $4 million from Russian venture fund Impulse VC. The investment deal was one of 14 agreements signed or announced on day one of Startup Village, totaling a combined $272 million in value, the …

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Russian startups mature, but need more tenacity, says Finnish Skolkovo executive

Russia’s high-tech startups are getting better by the year, but innovators need to be more persistent to commercialize their solutions, said Pekka Viljakainen, advisor to Skolkovo president Victor Vekselberg. The Finn made the remarks at the final stage of the 2015 edition of the Startup Tour, which has taken in 12 cities and ventured abroad …

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Russia launches two major internationally-oriented tech funds

Two initiatives that confirm the Russian government’s commitment to support the country’s high-tech industries were announced this month. The first was the creation of a 5 billion ruble (approximately $100 million) tech fund by RVC, the state-owned fund of funds dedicated to innovation, in partnership with Da Vinci Capital Management, a major internationally-oriented Russian asset management company. Presented as …

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Skolkovo fortifies trade ties between Russia and Argentina

Skolkovo played a pivotal role this week in building trade bridges between Russian and Argentina, entering a dozen startups in a bilateral Moscow business forum held as part of Argentine President Cristina Fernandez’s official visit to the capital. Fernandez’s two-day visit to Moscow was aimed at drumming up business and investment for her country: She was …

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Government decree simplifies the hiring of foreigners at Skolkovo

Russian Prime Minister Dmitry Medvedev has simplified the process of hiring foreigners at Skolkovo, the international tech hub under completion on the outskirts of Moscow. Medvedev, who signed the original decree on the creation of Skolkovo as president in 2010 and sits on its board of trustees, has included all of the project’s legal entities …

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Skolkovo startup offers users faster access to web applications

Skolkovo’s IT cluster startup unveiled the solution of software publisher Startpack, whose new program Startpack Launcher offers desktop users faster access to web applications. A window that pops up on demand much like the Windows ‘Start’ button and displays shortcut icons to the user’s most frequently visited cloud-based apps such as Google, Yandex, Facebook, Wikipedia and …

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Telepresence robot developer receives $160,000 in grant and investment

Russian company Wicron has attracted 5 million rubles (approximately $80,000 at the current exchange rate) of investment from Ashmanov & Partners, a leading Russian web and SEO agency. The transaction took place in December 2014, but was announced only last month. This funding came in addition to a grant for the same amount offered by …

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India and Russia agree to finance joint innovation projects

Investors are ready to plow up to $20 million into joint startup projects between India and Russia, the Skolkovo Foundation reported last month. “At Skolkovo alone we have 70 registered venture funds that want to invest in [Russian-Indian] innovation projects,” Skolkovo Vice-President Igor Bogachev was quoted as saying. “We could be talking about investment from $10 million …

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Automated navigation robot developer secures $3 million in Series A round to develop internationally

RoboCV, a Moscow-based startup developing autopilot solutions for vehicles and industrial equipment, has just raised $3 million in a Series A round. The funds will be used to develop existing autopilot systems for warehouses and to develop a pre-series autopilot RoboCV X-MOTION, the company stated. Also, RoboCV has plans to implement a full-scale complex robotics …

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Graphics and gamification enter Skolkovo IT cluster crosshairs for 2015

Startups dealing with computer graphics and so-called gamification will now be able to apply for Skolkovo grants and residency under new plans for 2015 published by the IT cluster. Graphics and gamification form one of three new technology foresights added to the cluster’s strategic development vision this year. The other two, robotics and mobile technology, …

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Next-gen data management system to emerge in Russia

SDI Research, a Moscow-based “semantic data integrator,” will receive a $335,000 grant from Skolkovo for the development of a next-gen semantic master data management (MDM) system to store and sync data. A reported by the Skolkovo Foundation, the effort will require an estimated $670,000 overall. The developer is expected to raise the remaining 50% from other …

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