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Russian Internet giant Mail.Ru Group is moving into games. The company’s My.com division announced it has created a MyGames division with four new games coming. MyGames’ expansion is a sign of the growing attraction of the game business for international tech companies as mobile gaming takes off and becomes what MyGames calls “commutainment,” or a …

Mail.ru Group adds its own MyGames mobile game division with four new titles coming Read More

In partnership with comScore, Ernst and Young and The Next Web, East-West Digital News is releasing a 100-page study on the Russian online video market, a fast-growing segment that deserves renewed attention. A variety of factors is set to drive strong further growth, from the new anti-piracy legislation – which is likely to increase content owners’ interest …

International study sheds full light on Russia’s online video market Read More

At the end of June, Moscow State University’s (MSU) business incubator presented a new batch of startups at the second annual MSU Demo Day, which attracted more than 50 investors. In addition to startups created by eight MSU alumni, six more startups from other incubators – those from ITMO in St. Petersburg and the Moscow …

From visual file exploration to genetic data interpretation, Moscow University incubator displays startup innovation Read More

President Vladimir Putin has canceled the instruction issued by his predecessor, Dmitry Medvedev, which required state-run companies to make contributions to the endowment fund of the Skolkovo Institute of Science and Technology (Skoltech). The new order issued by Putin was a “For Official Use Only” document. Putin’s spokesman Dmitry Peskov confirmed that state companies will now be able to …

Skoltech loses set funding from state-owned firms Read More

Cisco Systems, a world leader in networking equipment, has officially opened its tech center at Skolkovo as part of its ongoing cooperation with the Russian tech park. The center, on a 700 square meter site in the ‘hypercube’ will house Cisco’s innovation program in Russia. Cisco’s cooperation with Skolkovo began 3 years ago, when an agreement was signed …

Cisco opens tech center at Skolkovo Read More

Sotal-Cloud, a Moscow-based developer of video content solutions, has raised 31 million rubles (approximately $1 million) of seed capital in its first round of funding from the government-owned RVC Seed Fund and Sotal-Interactive, a provider of innovative solutions for interactive TV. Another member of the investor consortium is St. Petersburg’s Pelana, an accounting and legal …

Video solution developer Sotal-Cloud receives $1 million from public/private investor pool Read More

University student innovators in Siberia’s coal-rich Kemerovo region have developed a technology to monitor boring equipment in coal mines using iPhones or other smartphones, the Russian news agency RIA Novosti reports, citing a source in the Kemerovo regional administration. Yevgeny Mametyev and Konstantin Ponomarev, the developers, are said to have presented their innovative device to …

Smartphones may start monitoring drilling equipment in Siberian coal mines Read More