Skolkovo, the state sponsored innovation hub under completion near Moscow, is expecting an approximate 135 billion rubles, or $4.14 billion, in investment between 2012 and 2015. Part of this sum, at least 55 billion rubles or $1.8 billion, will be a provided in the form of loans from Vnesheconombank (VEB), the state owned bank for …
Skolkovo financing partly unveiled, details remain undisclosed Read More
Skolkovo Foundation, the state owned enterprise building an international innovation hub near Moscow, completed a series of roadshows in Western countries to present its projects. The first presentation, held in Vienna on September 14, focused on biomedical, energy saving technology, and IT projects. The Skolkovo delegation also discussed possible cooperation in the field of nuclear …
Skolkovo holds roadshows in Silicon Valley, Munich and Vienna Read More
The Russian startup scene took another step towards becoming an international platform last week with the launch of TexDrive, Moscow’s first international mentor-led startup accelerator program. Among TexDrive co-founders are startup accelerator veteran Jon Bradford from Cambridge, UK, and Andrey Kessel, a Russian born entrepreneur and investor also living in Cambridge. Joining them is Alexander …
First international startup accelerator opens in Moscow Read More
Startup accelerator veteran Jon Bradford is a co-founder of TexDrive, Russia’s first international mentor led startup accelerator program currently launching its operations in Moscow. He shared with East-West Digital News his vision on the issues startups face and how accelerators can help entrepreneurs in Russia and elsewhere.
Plug and Play Tech Center, a prominent Silicon Valley incubator, got operations underway in Russia last week with the selection of its first five Russian startups. The launch projects, selected by a panel of Plug and Play judges, included Toytemic, a Moscow startup offering a “natural, intuitive method for linking virtual reality to the tactile …
US incubator Plug and Play selects startups to launch operations in Russia Read More
The Republic of Tartarstan has laid plans for the construction of an IT village providing housing and modern infrastructure, including golf and ski facilities, for up to 20,000 IT professionals near the capital of Kazan. The planned community is intended to house a total population of 50,000. The project – nicknamed “Tatarstan’s Skolkovo” by the Russian press, in reference to the innovation …
Tatarstan to invest $315 million in Skolkovo-style IT village Read More
Russian early stage venture fund Runa Capital shook hands with the Skolkovo Foundation, the state-owned organization leading the completion of the major innovation hub on the outskirts of Moscow, reported Russian business daily Vedomosti. The deal outlines provisions for Runa to collaborate with Skolkovo over the next three years and invest $5 million into the projects …
Venture fund Runa Capital to pour $5 million into Skolkovo projects Read More
Irkutsk regional Vice President Viktor Nechayev made a series of announcement last week at the Baikal Economic Forum regarding the forthcoming development of innovative industries – including IT – in the region. Among the projects under consideration is a local venture fund with the participation of state-owned fund of funds the Russian Venture Company. Other …
Representatives of 15 Korean venture funds, including KDB Capital, STIC Investments Inc. and L&S Venture Capital, visited Moscow last week intending to invest up to $10 million each in local IT companies.
The first stone of a new technopark was laid last week in Penza, a city of over 500,000 inhabitants 625 kilometers southeast of Moscow, by Penza region governor Vasily Bochkarev. The technopark, slated for completion in 2014, will host 70 companies in the information and medical technologies sectors and create over 1,500 jobs.
Fast Lane Ventures, a business incubator based in Moscow, announced the launch of Upladder.ru, the first Russian online job search service reserved for professionals with a monthly salary of more than 100,000 rubles, or $3,500.
The Skolkovo Foundation confirmed last Friday a broad cooperation agreement with Nokia Siemens Networks, a leading global enabler of telecommunication services. Among other items, the deal included provisions for a Smart Lab on the premises of the innovation hub under construction near Moscow.
