Search Results for: FRII

Sberbank and IIDF team up to launch fintech accelerator

December 26, 2018

Russia’s national savings bank Sberbank has teamed up with the  Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s largest seed and early stage venture fund. FRII will select projects while Sberbank will provide startups with expertise and funding for pilot projects. The money will come from Sberbank itself and its venture arm SBT Venture Capital, launched …

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New tech tour to lead French companies to Moscow, Kazan in June

March 1, 2016

Meet Innovation Russia (MIR), a tech tour intended for French companies to connect with the Russian innovation ecosystem, is announcing its third edition from June 1 to 3, 2016. The tour will lead 20 French business executives to Moscow and to Kazan, the innovation-friendly capital of Tatarstan 800km east from Moscow. MIR aims to offer “an …

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French Tech launches in Moscow to bridge French and Russian innovation systems

March 31, 2016

French Tech, a government initiative which aims to to organize and promote French innovation globally, launched officially its Moscow branch on Monday. The opening ceremony took place in Skolkovo, the international tech hub under completion on the outskirts of Moscow, where French Tech Moscow has established itself. French economy minister Emmanuel Macron offered a brief speech …

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2015 in review: How the Russian government kept supporting innovation — and dreamt of challenging America’s technological domination

December 26, 2018

This week and next, East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. Today the series goes on with an analysis of government policies in the field of high technologies and innovation.  In 2015 as in previous years, government stimulus played an important, if not crucial role to develop innovation in Russia. In April, …

2015 in review: How the Russian government kept supporting innovation — and dreamt of challenging America’s technological domination Read More

IIDF launches Big Data investment program

December 26, 2018

The Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s largest seed and early stage venture fund, intends to invest 500 million rubles (approximately $7.7 million at the current exchange rate) in Big Data projects. FRII will support a few dozen projects, taking into account the needs of large Russian corporations, Russian business daily Vedomosti reported yesterday, …

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New accelerator to invest up to $15 million in cyber security startups

December 26, 2018

Russian cyber security startups now have a dedicated accelerator with up to 1 billion rubles (around $15 million at the current exchange rate) potentially invested over the next two years. The effort is backed by Rostec, a major Russian state-owned tech corporation, via its subsidiary RT-Inform, systems integrator I-Teco, and the Internet Initiatives Development Fund (FRII in Russian, the country’s largest …

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Russia’s venture summer in review: More than 25 deals reported, new fund of up to $300 million launched in Moscow

December 26, 2018

Venture funds with Russian capital or Russian origins were far from being inactive this summer, which saw more than two dozens of significant deals made public and several new funds and accelerators launched. The invest-abroad trend, which started a few years ago, has been accelerating recently, as witnessed by the number of deals which involved US, Israeli, Asian and Australian …

Russia’s venture summer in review: More than 25 deals reported, new fund of up to $300 million launched in Moscow Read More

Report: Venture investment in Russia grew in 2014 thanks to state support

February 14, 2016

Venture investment volumes in Russia remained at a rather high level in 2014, but state funds accounted for an important fraction of this activity while many foreign funds decreased or ceased operations in Russia. This is one of the key findings of the 2014 report by RMG, an independent Moscow-based investment company, whose English version has just …

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Geolocation startup Meanwhile raised $100,000 from individual investors

December 26, 2018

Meanwhile, a Russian startup that has created a mobile interface to “offer a simple and convenient access to all local information,” secured $100,000 from unnamed individual investors. The deal took place in late 2014, but was revealed only last week by Russian tech blog Firrma.ru. The startup initially received support from the IIDF (FRII in Russian, the …

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Russia launches two major internationally-oriented tech funds

December 26, 2018

Two initiatives that confirm the Russian government’s commitment to support the country’s high-tech industries were announced this month. The first was the creation of a 5 billion ruble (approximately $100 million) tech fund by RVC, the state-owned fund of funds dedicated to innovation, in partnership with Da Vinci Capital Management, a major internationally-oriented Russian asset management company. Presented as …

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Russian venture 2014 – The highlights

December 26, 2014

As a busy year draws to a close, RusBase has asked 10 Russian venture capitalists what they think were the most important events of 2014. Andrey Romanenko, Run Capital: “Considering that Run Capital was only founded in April, we think this year was a successful one. The most important event for us was our $6 million investment in …

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IIDF teams up with mobile operator Yota to support startups

December 26, 2018

Russian mobile operator Yota has become a partner of the Internet Initiatives Development Fund (IIDF, or FRII in Russian), the $200 million fund launched last year to support Russian Internet startups. The company will invest in the fund’s startups, and may also look at acquiring some projects. Startups will also benefit from the company’s support through …

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