Sinteka, a St. Petersburg based developer of a cloud solution for construction companies, has recently raised $254,000 from one of Russia’s most active government VC funds, the Internet Initiatives Development Fund (IIDF, aka FRII in Russian).
RB Partners Group, an international group of companies focusing on investment and banking services for Russian and international midcap companies, prepared and published its venture market report for 1H 2017.
Skolkovo resident ExoAtlet, the inventor of rehabilitation exoskeletons that help disabled people to walk again, has set its sights for expansion on Japan, where it is setting up a joint venture with its South Korean partners and investors.
This year Rosneft, Russia’s largest government-owned oil company, was one of the key customers for technologies that come from a government fund called National Intellectual Development, aka Innopraktika.
Scientists at Russia’s Higher School of Economics (HSE) conducted in-depth research covering a period between 2000 and 2016, and found that government coffers remain the largest source of funding for R&D in Russia, while the share of involvement from private business is shrinking.
Scientists at the Perm State University (PSNRU) in the West Urals have developed an intelligent cardiovascular diseases diagnostics and prognostication system built on advanced artificial neural networks (ANNs).
Sputnix, a resident startup of the Skolkovo Foundation that makes hi-tech microsatellite components and services, has signed a cooperation agreement with the Far Eastern Federal University (FEFA) on educational scientific work to create and operate small spacecraft and related systems.
Russian scientists at Moscow-based Phystech (MIPT), a leading technology university, in partnership with their Korean colleagues earlier this year developed a new method which is expected to help create a promising new type of non-volatile memory.
A collaborative team of researchers in the Lower Volga area, comprising scientists from the Samara University and medical practitioners from the local Research Institute for Eye Diseases, has developed a new method of preventing postsurgical complications in ophthalmology patients.
The Skolkovo innovation city is gearing up to host the biggest Open Innovations forum that Russia has yet seen on October 16-18, featuring tech stars, government representatives , entrepreneurs, businesspeople and futurologists from around the world.
SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, earlier this fall secured an equity investment from the SBI FinTech Business Innovation Fund LPS, EWDN reported.