Incubators, Accelerators, Technoparks

SpinUp Partners leads Russian startups to global markets via Singapore accelerators

June 11, 2014

Over the past months Russian seed-stage fund SpinUp Partners has invested in two Asian startup accelerators – a pioneering move among Russian funds, which usually consider California the prime destination in their global investment strategy. In March, SpinUp Partners was the secondary investor in an international consortium that injected $2.1 million into Singapore-based Joyful Frog …

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Intel to complete research center at Skolkovo “in a year or two” despite sanctions

May 28, 2014

Intel plans to set up its research division at Skolkovo ”either in 2015 or 2016,” depending on the office buildings and infrastructure, vice president of the corporation for EMEA Christian Morales told ITAR-TASS on the sidelines of the 14th St. Petersburg International Economic Forum last week. According to the 2011 agreement signed by Intel and …

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Moscow’s Bauman University to open Center of Innovative Entrepreneurship

May 22, 2014

Yesterday, the Bauman Moscow State Technical University – one of the top Russian universities – announced the creation of a “Center of Innovative Entrepreneurship.” The initiative is intended to form a national platform for the exchange of knowledge and experience between technological entrepreneurs, engineers and students, by facilitating practical research and project development in high-tech …

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Fastlane Ventures raises $1.4 million to turn how-to website into “knowledge sharing social network for millions of users”

May 8, 2014

In late April, Relevant Media, a project of Internet startup developer Fastlane Ventures, raised $1.4 million from a group of undisclosed individual investors. With its three properties – the “how-to” portal Kakprosto.ru, women’s site Justlady.ru, and Pinterest clone Pinme.ru, – Relevant Media claims an audience of 18 million unique visitors, making it one of the 10 largest Russian Internet media …

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Low domestic demand for innovation and weak support of early-stage projects erode Russian technopark and incubator efficacy

May 2, 2014

As technoparks, IT parks and business incubators spring up across Russia, observers, including the start-ups seeking residency with such organizations, are becoming increasingly interested to know if the return on these multimillion dollar projects is really worth their cost. High-profile experts visiting KomTech 2014, a large innovation support event in Nizhny Novgorod, emphasized that even …

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Nizhny Novgorod hopes to open first IT Park in November

April 8, 2014

The Nizhny Novgorod Region in the mid-Volga area plans to launch the inaugural stage of its first IT park this November, the Russian Ministry of Telecom and Mass Communications website announced in late March, following a top-level on-site inspection by the Ministry. The long-awaited 15 billion ruble (about $430 million) Ankudinovka IT Park is one …

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Russia’s A-bomb nest may become major cyber security R&D hub

April 4, 2014

Sarov, one of Russia’s largest centers for nuclear research, is heading for diversification. The federal government is considering drawing upon the solid scientific ecosystem of the city, 460km east of Moscow, to create a major hub for IT and cyber security research. A leading nuclear weapons design area in the USSR that did not appear …

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Accelerate your project in India: A call to Eastern European startups

March 22, 2014

GSF Accelerator, India’s largest and the most renowned Technology Accelerator, recently announced the launch of GSF Global Accelerator, a pioneering cross-border accelerator program. Twelve high-tech startups will be selected for the program, including four from Eastern Europe, Southeast Asia, and Africa.  These startups will join us on a 12-week journey that will begin in India …

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Dream Industries is opening a new coworking space in the Central Telegraph building

March 20, 2014

On the 7th April we will open DI Telegraph right in the heart of Moscow and welcome the brightest, boldest and bravest start-ups from Russia and around the world to occupy it. DI Telegraph coworking has been created to bring together developers, startups and creatives in one space and provide them with all the raw …

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Ruselectronics to invest $35 million in innovative projects

March 18, 2014

Ruselectronics, Russia’s umbrella company for national radio electronic assets, plans to invest 1.27 billion rubles (approximately $35 million) in the development and manufacture of hi-tech products between 2014 and 2016, the company announced. Ruselectronics said the three-year investment program will be divided into two stages, an “implementation phase for breakthrough development and setting up the …

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Moscow’s ‘Phystech’ sets up IT cluster with help of high-profile alumni

March 12, 2014

The Phystech IT Cluster was established in Russia last week in a multiple-partner effort led by the Moscow Institute of Physics and Technology (MIPT), a leading Russian research university popularly nicknamed “Phystech.” The new nonprofit partnership is expected to develop and implement advanced educational programs in computer science and software engineering and promote large-scale IT …

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