The IT cluster of Skolkovo, the state-supported innovation hub under completion near Moscow, is preparing a roadshow to France in June or July, involving a dozen of its resident companies. The series of Skolkovo roadshows in Western countries started in the fall of last year with visits to Vienna, Munich and the Silicon Valley.
Fourteen residents of the business incubator of Ingria, a major technopark in St. Peterburg, attracted a total of 378 million rubles, or approximately $12 million, in investments during 2011. The sum amounted to 3.7 times as much as the previous year’s total.
Fast Lane Ventures, a Moscow based early stage venture capital firm, recently announced it has invested in RentHome.ru, a service that operates and looks nearly identical to HomeAway.com, down to the same colors, layout, and background. Through RentHome.ru, property owners can list their properties for short term rentals, allowing people to make a little more …
Skolkovo, the state-supported innovation hub under completion near Moscow, announced yesterday it has offered a grant of 1.35 million rubles, approximately $45,000, to its resident Intersoft Eurasia, a startup developing a dosimeter-radiometer that can be built into a smartphone or used as a separate, detachable unit (see video).
The Foundation for Small Business Support in the Science and Technology Sphere, also known as the Bortnik Fund or FASIE, announced earlier this week that it will support 500 startups this year in the fields of information technologies, medicine, biotech, innovative materials, and instruments. The new funding program, in the form of a series of …
10tracks.ru, Russia’s first cloud music storage site, launched a few days ago, with up to 3 gigabites of storage space available free of charge. Users can listen to their music using a web player or download it onto smartphones or computers to listen to it anywhere. The mobile version is available using an Android application …
Startup from Tatarstan launches first Russian cloud music storage service Read More
Russian billionaire Yuri Milner recently participated in a $1.4 million round of financing for Flotype, an American startup that offers realtime messaging technologies for cloud and mobile applications. Andreessen Horowitz, Ignition Partners, Salesforce and Y Combinator also took part in the deal, Techcrunch reported today.
The authorities of the Novosibirsk region in Siberia announced their intention to create a world-class innovation center in Akademgorodok, a major academic and scientific hub. The regional government will invest 10 billion rubles, or approximately $330 million, in the project by 2017, and expects the total investment from various sources to reach as much as …
Novosibirsk authorities to attract $1 billion to fund innovation in Akademgorodok Read More
Skolkovo granted resident status to 29 companies last week, bringing the total number of residents to 310. The state sponsored innovation hub under completion near Moscow received a total of 1,500 applications this year, including one third from companies with foreign capital.
Mail.ru Group, a large, publicly traded Internet group has launched its own internal incubator to develop projects initiated by employees. Mail.ru Group entrepreneurs will develop their projects in full autonomy while retaining their employee status. “We will try to infuse the incubator with a true startup spirit, offering dedicated work spaces separate from the group’s …
Biglion, a major player among Russian daily deal sites, has attracted significant funds from Tiger Global Management, a prominent investment firm operating in the public and private equity markets across the globe, Russian business daily Vedomosti revealed yesterday. Biglion co-founder Oleg Savtsov has confirmed the deal but did not disclose any details on the amount …
Daily deal site Biglion attracts new investment from Tiger Global Management Read More
Taxipedia, a German startup that has developed a mobile app for calling taxis and getting discounted fares, was awarded a Skolkovo Foundation grant last week, reported Tass-Telecom last week. The ceremony was held at the Singapore campus of INSEAD, a top ranking international business school with its main campus in Fontainebleau, France.
