Incubators, Accelerators, Technoparks

AstraZeneca partners with Skolkovo startups in the field of cancer research

Skolkovo, the international tech hub under completion on the outskirt of Moscow, has signed a strategic partnership agreement with the multinational pharmaceuticals giant AstraZeneca to carry out joint scientific research and educational activities in Russia. The UK-headquartered corporation considers cooperating with Skolkovo startups working in the field of cancer research. According to the Skolkovo Foundation, …

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These 10 Russian startups will be pitching at TechCrunch Disrupt next week

Skolkovo, the international tech hub under completion on the outskirts of Moscow, will bring ten of its startups to demonstrate their projects at TechCrunch Disrupt in New York on 15-17 May. The companies will be featured at the Startup & Hardware Alley on the second day of the conference, May 16. The Skolkovo startups will …

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Russian energy startups set sights on Latin America

Traditionally, Russian business in Latin America may have revolved around two products – importing bananas and flowers – but as the governments of Mexico and Ecuador open up their lucrative oil and gas industries to foreign companies, Russia’s innovative startups are hoping to win a slice of the market with their hi-tech solutions. This week, representatives of five …

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Polish fintech accelerator offers up to €45,000 to Russian startups (applications until April 17)

Russian startups are invited to participate in the fourth edition of a 16-week acceleration program Huge Thing in Warsaw, Poland. Kicking off on June 5, the program targets primarily fintech startups with global potential and an MVP. These include augmented reality, Internet-of-Things, blockchain, cyber security, payments, artificial intelligence and biometrics startups. The selected teams will …

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Skolkovo to focus on boosting innovation and economic development in Russia’s regions

The Skolkovo Foundation, which is completing the construction of an international tech hub on the outskirts of Moscow, will spend the next few years focusing on developing tech entrepreneurship in the regions. In a meeting of the Fundation’s scientific advisory council on Tuesday, Igor Drozdov, the chairman of the board, suggested that a franchise model be rolled …

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South Korean startups parachute in to Skolkovo for soft landing

Last week four South Korean startups arrived at Skolkovo, the international tech hub under completion on the outskirts of Moscow, with plans to meet with potential partners and mentors in Russia. These startups have also applied to become resident companies at Skolkovo. “This is our pilot soft landing programme for foreign startups,” Sergei Pogrebnyakov, an acceleration manager …

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IIDF teams up with big corps to support Russian’s budding AR/VR market

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), a venture fund launched in 2013 following a presidential initiative, will soon launch a special program to support virtual and augmented reality (VR and AR) startups, reports Russian tech blog Firrma.ru. The program is intended for startups with a VR/AR product or prototype in such fields as cinema, …

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Panasonic to launch pilot hi-tech agricultural project at Skolkovo

Japan’s Panasonic Corporation may be primarily associated in the public mind with consumer electronics, but in some parts of the world, it is selling a very different kind of product: vegetables. The company already has automated factories in Japan and Singapore where lettuce and other vegetables are grown indoors in controlled and optimised conditions. Now …

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Mastercard teams up with Russian banks to launch fintech accelerator; Société Générale announces Moscow hackathon

Fintech Lab, a Russian platform that aims to unite fintech players and startups, is launching its first acceleration program in Moscow. The project has been initiated by major Russian and foreign banks such as AK BARS Bank, VTB24, Bank Saint Petersburg and Home Credit Bank in partnership with Mastercard. Accenture, which helped to launch fintech accelerators …

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Russian accelerator plans to nurture high-tech ‘ponies’ in New York City

Earlier this month, ten entrepreneurs from Russia and Eastern Europe arrived in New York City with a chance to set up business in the U.S. They were chosen from more than 400 applications based on potential to succeed in the global market. Company founders will spend three months building their products, finding customers, refining their …

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Skolkovo expands R&D partnership with Panasonic as Russia and Japan seek to bolster ties

Today Skolkovo, the international tech hub under completion on the outskirts of Moscow, and Panasonic, a world leader in electronics and system solutions, agreed “strategic areas” for  their business cooperation in 2017. The agreement was signed in the framework of the Russia-Japan Business Dialogue during the visit of Russian president Vladimir Putin in Japan. The parties intend to “make an …

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Well drilling software publisher raises $2 million to increase drilling profitability “up to 5 times”

Geosteering Technologies (also known as Geonavigation Technologies or GTI), a Russian developer of software solutions for well drilling, has raised $2 million in a Series B round of funding. The round was led by AYR, a Moscow-based private equity and financial advisory firm, with participation from North Energy Ventures and Phystech Ventures, an earlier investor in the company. The deal, …

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