Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is bringing its pre-selection rounds to an end. With the support of the local partners #tceh, HSE and the Swiss embassy, Seedstars World will be holding a pitch event on October 14 at IIDF (FRII), a leading Moscow-based startup investment fund. Thus …
Seedstars reveals 12 promising Russian seed-stage startups Read More
Artificial intelligence tends to find applications in virtually every field today, and HR is no exception. A Russian startup called Stafory, launched two years ago with less than $10,000 in capital, has created a recruiting robot called ‘Vera’ (‘faith’ in Russian). Stafory initially developed an online platform intended for companies to interact more efficiently with …
This robot is entering the US market after automating recruitment in 220 Russian companies Read More
Illustrating the growing interest of Russian corporations in online education, Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has just acquired a 40% stake in Netology Group. The shares were sold by previous Netology investors, the Russian funds Buran Venture Capital and InVenture Partners, which fully exited the company. The financial terms of the deal have not …
Russian billionaire invests more than $20 million in online education platform Read More
Playkey, a Russian cloud gaming startup, has just attracted 160 million rubles (approximately $2.7 million at the current exchange rate) in equity funding from the Internet Initiatives Development Fund (IIDF, or FRII in Russian). The information was confirmed by Playkey’s PR manager Maria Trushnikova in an exchange with East-West Digital News. Playkey’s technology allows users to play the latest …
After the birth of a child, a young mother needs to be in touch with a doctor practically all the time — to seek help in an emergency, for advice about the health of the baby, or even psychological support. One couple, who found themselves in a situation where they desperately needed assistance with their child, …
Dial-a-doc: How the Internet is revolutionizing medical care in Russia Read More
Data Matrix, a Russian provider of software, data management and biostatistics services for clinical trials, has opened an office in Munich and joined the Bavarian biotech cluster. The move will allow the St. Petersburg-based company to expand its activities and launch its newest products on the European market. Data Matrix also hopes to find partners among …
Russian biotech company opens office in Munich to expand international operations Read More
East-West Digital News has supported leading Russian and international organizations to offer the first-ever study about the embryonic but promising market of education technologies in Russia. The research aims to analyze the Russian edtech market in its various dimensions, highlight its trends, key players, business models as well as the related investment activity and legal environment. Special focus …
The Russian edtech market: A new research by top market players with EWDN support Read More
The recently created venture arm of Bank Saint Peterburg has made its first investment — a capital injection of 200 million rubles, or some $3.2 million at the current exchange rate — in Babadu, a major online retailer of children’s goods. The news was reported earlier this month by Russian venture blog Firrma.ru based on …
Bank Saint Petersburg invests in children’s goods online retailer Babadu Read More
Russia’s national savings bank Sberbank has announced the launch of a risk theory and data analysis laboratory in partnership with Moscow State University (MSU) earlier this week. Dubbed “CMC-Sberbank,” the new lab will function as an R&D center focusing on statistical methods for big data analysis and machine learning. The laboratory is intended to become a leading …
Should proper measures be taken to develop and deploy these technologies, one Russian farm in three could use Internet-of-Things (IoT) solutions and drones in their operations in less than three years, according to a roadmap now circulating among Russian government circles. Held in the framework of Russia’s governmental strategy for food quality until 2030, the discussions …
Russia wants to deploy drones and IoT solutions in 1 farm out of 3 Read More
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, …
IIDF teams up with big corps to support Russian’s budding AR/VR market Read More
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 …
