The Communications’ Ministry has announced that more than $60 million of federal money will be given to four Russian regions to fund the development of their technoparks up to the end of 2014. Moscow is to receive $10 million, while Sverdlovsk Oblast, which has Yekaterinburg as its capital, will get $22 million. Penza Oblast, in …
Four regions secure $60 million technopark funding up to 2014 Read More
Last month Plug & Play, a Silicon Valley-based global business incubator, opened a new affiliate center in Makhachkala, the capital of Dagestan – a praiseworthy initiative in a region more often in the news for political conflicts and religious extremism than for IT innovations. The Plug & Play Dagestan Center is located on the Dagestan …
Kendrick D. White, an American entrepreneur and the founder of Nizhny Novgorod-based Marchmont Capital Partners, has been recently appointed vice rector for innovation policy at the Lobachevsky State University of Nizhny Novgorod (UNN). While many foreigners are advisors to Russian academic administrations or join project teams in Russian universities, Kendrick appears to be one of …
In late August, the Moscow Innovation Development Center (IDC), an agency established last year by the Moscow government to foster high tech sectors in the capital, launched its first incubator, christened “API Moscow.” Located in Digital October, a major tech event venue in Moscow’s center, the incubator already hosts no fewer than 30 startups, providing them with infrastructure …
Moscow City launches investor-friendly startup incubator Read More
The majority of Russian venture funds are less than five years old, so there are no investment campaign user manuals like those found in the US or Europe yet. As a result, investors that try to apply American or European concepts in Russia make the same kind of typical mistakes. On the basis of our …
The Skolkovo Foundation, which manages Russia’s largest state-sponsored innovation hub under construction outside Moscow, will receive another 135.6 billion ruble (about $4.1 billion) shot in the arm from government coffers between now and 2020. The decision, which might signal the technopark’s return to political favor, was made last week at a Russian government meeting presided by Prime …
Skolkovo secures $4 billion state funding until 2020 Read More
Skolkovo, the international tech hub nearing completion on the outskirts of Moscow, and Accenture, the global consulting and outsourcing company, have agreed to establish the Accenture Center for the development of predictive analytics solutions at Skolkovo. Under the current plans, the Accenture center will start its work next month and reach its planned capacity by …
Accenture teams up with Skolkovo to develop predictive analytics Read More
“I want to assure you on behalf of the Kremlin and the government of the Russian Federation that Skolkovo is here to stay, it is our strategic course, and there can be no changes there,” the Russian news agency ITAR TASS quoted Sergey Ivanov, the Russian president’s chief of staff, as saying last week. “Individual scandalous …
RVC, the Russian government’s fund of funds for innovation, and GK Pilot, a leading local systems integrator, have co-invested in “FABRIKA,” an IT park in the southern Russian city of Astrakhan. RVC’s involvement comes through its tributary Infrafund, which is dedicated to financing infrastructure initiatives throughout the country. The investment amount has not been disclosed, …
State-owned fund RVC co-invests in Astrakhan IT Park Read More
As Russia’s banking sector seeks new, customer-focused strategies to win over clients in an increasingly competitive market, Russian startups are close at hand and ready to support such strategies with an array of advanced IT solutions. In St. Petersburg on May 31st, eighteen startups, all residents of the Ingria business incubator, made a series of …
St. Petersburg startups pitch customer-oriented solutions for bankers Read More
HSE Inc., the startup incubator of Moscow’s Higher School of Economics, has concluded the 2012-2013 season of its Iron Entrepreneur business game for aspiring entrepreneurs from Russia, Ukraine, Belarus, and Kazakhstan. In the finals, 91 participants had two days to develop business solutions based on Qmodule, a wireless technology that allows users to control different objects. …
GS Group, a Russian holding company operating internationally, is expected to establish its Technopolis GS electronics cluster outside Kaliningrad in Northwest Russia by 2017, NanoNewsNet.ru reported. The Technopolis GS project is said to be based GS Group’s multi-sector production facilities in microelectronics and nanotechnology. These have been operating since 2008 in the town of Gusev, …
Sizable electronics cluster announced in Kaliningrad Read More
