Startups

Russian startup aims to increase e-merchants’ conversion rates “by 10% and more”

December 2, 2013

In the rapidly developing Russian e-commerce market, Crossss.ru, a young company headed by Daniil Khanin, is offering stores a technology designed to significantly increase conversion rates in this field – “by 10 percent and more” – via personalized merchandising. “We have a mathematical algorithm that studies the visitor, and then makes an assumption whether the user …

Russian startup aims to increase e-merchants’ conversion rates “by 10% and more” Read More

Applications open for US-Russia Innovation Corridor

November 28, 2013

American Councils for International Education announces the opening of the winter 2014 application season for the US-Russia Innovation Corridor (USRIC). University-based startups and entrepreneurs leading innovative projects and interested in exploring collaborations and accessing incubation services and U.S. networks in their target industries are encouraged to apply.

TechCrunch Moscow’s 4th edition will “detox innovation”

November 26, 2013

The fourth edition of TechCrunch Moscow will take place on Dec. 8-9, 2013, with the participation of leading Russian and international technology entrepreneurs and investors. This year, TechCrunch Moscow’s key theme is “Innovation Detox.” We will take a step back from exploring new frontiers and focus instead on how technology is affecting our lives, from …

TechCrunch Moscow’s 4th edition will “detox innovation” Read More

Russian Internet Technology Fund invests $1.7 million in Swiss online headhunting service Talentory.com

November 25, 2013

The Russian Internet Technology Fund (RITF) announced last week that it has injected CHF 1.5 million ($1.7 million) in Zurich-based Talentory AG, the operator of online headhunting platform Talentory.com, in exchange for “a substantial minority stake.” The Talentory platform allows corporations to address and source the entire market of professional recruiting firms and find relevant …

Russian Internet Technology Fund invests $1.7 million in Swiss online headhunting service Talentory.com Read More

Rusnano ponies up $10 million to bring home sophisticated Israeli router technology

November 19, 2014

Earlier this week Rusnano, Russia’s nanotech giant with strong vested interests in overseas tech projects, bought into Compass-EOS, an Israeli start-up shipping a silicon photonics-based router. Joining a large international investor consortium in Compass-EOS’ overall $42 million funding round, Rusnano contributed up $10 million, of which $3 million is expected to finance the setup of …

Rusnano ponies up $10 million to bring home sophisticated Israeli router technology Read More

Mashable ranks Russia’s “20 hottest startups”

November 21, 2013

The famous tech publication Mashable has published its selection of Russia’s 20 “hottest startups.” According to the site, “Russia is gradually becoming a place where its undoubtedly strong education and engineering standards are blending with original entrepreneurship.” In addition to Skolkovo in the Moscow region, Mashable highlights that “in St. Petersburg and the lesser-known cities …

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Irkutsk State University sets up Tech Transfer Center

November 21, 2013

Irkutsk State University (ISU) in Siberia has established its own Tech Transfer Center, the ISU press service announced earlier this month. The Center has been created as a spin-off limited liability company and is expected to offer a classic range of consulting services, including search for partners and customers and assistance for innovators in completing …

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National telecom operator to keep steering Russia’s e-government ship

November 19, 2014

Rostelecom, the national telecom operator, will remain fully in charge of Russia’s ambitious $150 million e-government program for at least another two years, Russian business daily Kommersant reported last week. Seven months after the operator’s contract expired, President Vladimir Putin of Russia is reported to have personally decreed the prolongation of the Cabinet’s co-funding of …

National telecom operator to keep steering Russia’s e-government ship Read More

New venture fund 101 Startup invests in news aggregator Anews.ru and entertainment portal Fishki.net

November 19, 2013

101StartUp, a Russian Internet fund launched recently, has invested $1.2 million in Fishki.net, a user-generated comedic content website, in exchange for a 25% stake. The news was reported last week by Venture-News.ru based on an interview with Mikhail Gurevich, one of the fund’s managers and an existing Fishki shareholder. The site will use investor money to …

New venture fund 101 Startup invests in news aggregator Anews.ru and entertainment portal Fishki.net Read More

Finnish retail analytics startup raises €3 million from Sberbank’s venture arm

November 18, 2013

Last week, Walkbase, a marketing optimization platform for brick & mortar retailers, announced a €3 million Series A round investment led by SBT Venture Capital, the venture arm of the Russian national savings bank Sberbank. Olli-Pekka Kallasvuo, former CEO of Nokia, also participated in the round. Walkbase will invest the funds in “strengthening its sales, …

Finnish retail analytics startup raises €3 million from Sberbank’s venture arm Read More

Igor Ryabenkiy’s Altair injects additional funds in contextual ad solution provider Alytics

November 18, 2013

Altair, the venture fund of serial business angel Igor Ryabenkiy, has invested an undisclosed amount in Alytics, a startup developing contextual ad solutions to optimize conversion rates. The investment comes a mere eight months after Ryabenkiy co-invested with the Moscow Seed Fund in the startup at the seed stage. The initial funding has been used …

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From mobile ads to motion recognition, Microsoft Seed Fund keeps backing Russian startups

November 19, 2014

The Microsoft Russia Seed Fund has recently disbursed $140,000 in grants to four Russian startups, bringing the total number of young Russian tech companies it has backed to 35. Last week, Moscow’s AdWired received $50,000 to continue developing its mobile advertising platform. Minutta, a service from Orel, in Central Russia, which has been developing an …

From mobile ads to motion recognition, Microsoft Seed Fund keeps backing Russian startups Read More

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