News

Police drop the ball on copyright complaint; culprit remains unidentified

May 30, 2012

In yet another investigative deadlock only too common for cybercrime cases in Russia, Moscow police have suspended what could have become a bellwether inquiry into a copyright infringement offence, Russian business daily Vedomosti reported earlier this week, citing an official police source. A 27-year-old Muscovite has been suspected of having “replicated and disseminated” 18 copyrighted music …

Police drop the ball on copyright complaint; culprit remains unidentified Read More

LTE tenders scheduled for July; Tele2 could sell its Russian subsidiary in case of failure

May 30, 2012

Tele2 Russia, the Russian subsidiary of a European telecommunication group based in Sweden, will take part in upcoming tenders for allocation of LTE frequencies across Russia in the 791-862 MHz range. After being postponed several times, the upcoming tenders are scheduled for the 16th of July, 2012. “We understand that our chances are not great, based …

LTE tenders scheduled for July; Tele2 could sell its Russian subsidiary in case of failure Read More

Leta Group launches venture fund, announces Displair as first investment

May 28, 2012

Last week, Leta Group, a prominent Russian IT security holding, announced  the launch of ‘Leta GIV,’ its corporate venture arm, along with its first investment – interactive air screen maker Displair. “Generating projects internally is not enough to seize the opportunities offered by Russia’s booming innovation environment, so we decided to create this dedicated vehicle,” …

Leta Group launches venture fund, announces Displair as first investment Read More

Fast Lane Ventures and Ru-Net launch event management and ticket booking system

May 25, 2012

Moscow-based serial startup developer Fast Lane Ventures has teamed up with Ru-Net, an established Russian venture fund, to launch Eventmag.ru, an online service to organize events and book event tickets. The well known US site Eventbrite.com was taken as a model, Fast Lane openly acknowledges, with the ultimate goal of providing a ticket selling platform …

Fast Lane Ventures and Ru-Net launch event management and ticket booking system Read More

IT technopark opens in Chelyabinsk

May 24, 2012

In a bid to participate in the development of a modern innovation infrastructure across the country, the authorities in Russia’s Chelyabinsk region have just announced the opening of a technopark dedicated to information technologies. The technopark, named Novator, is located in Chelyabinsk, a city of 1.1 million inhabitants just to the east of the Ural …

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Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round

May 23, 2012

yuilop, a Barcelone, Spain headquartered startup, announced yesterday that it has closed a €4.5 million Series A round led by Hamburg-based Shortcut, and co-investors, Russia’s Bright Capital and private telecom investor Bruno Ducharme, as well as continued participation of existing investor Nauta Capital. The funds will be used to drive yuilop’s aggressive international expansion and continuous …

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round Read More

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds

May 23, 2012

HomeMe.ru, a website offering furniture and some home accessories, announced last week it has raised $5 million in a Series A round of financing from Russian venture funds AddVenture and ABRT, as well as from Mangrove Capital Partners, a fund headquartered in Luxembourg. Launched in early 2012, HomeMe.ru currently has an assortment of 2,000 stock …

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds Read More

Finam Global to offer growth capital in TMT companies worldwide

May 22, 2012

Finam, one of Russia’s most well established financial groups, has launched Finam Global, an international fund that groups its existing investment units operating in the technolgy, media and telecommunication (TMT) sector. Among the assets included in the new fund’s portfolio are such major Russian Internet companies as dating site Mamba.ru, context advertising service Begun, and …

Finam Global to offer growth capital in TMT companies worldwide Read More

Web portal connects innovators with large corporations

May 21, 2012

Innobis.ru, a website launched eariler this month, could help Russian startups and innovators find clients among large companies in need of innovative solutions – something most of them have found to be a difficult challenge until now. Corporations post their requests, problems, or proposed tasks on the website, and innovators can reply, offering their technologies. …

Web portal connects innovators with large corporations Read More

Siberian local review service Flamp.ru now serves Moscow

May 21, 2012

Flamp.ru, a consumer review website that appeared one year ago in the Siberian cities Novosibirsk and Krasnoyarsk, followed by a launch in Ekaterinburg in the Urals, announced last week it now covers the Russian capital. Not only do Flamp.ru users review local businesses like cafés, museums and theaters, they can also post comments about banks, …

Siberian local review service Flamp.ru now serves Moscow Read More

Russian Orthodox Patriarch joins Facebook

May 18, 2012

Patriarch Kirill of Moscow and All Russia, the head of the Russian Orthodox Church, can now be contacted through his official Facebook page. The page has generated over 3,000 ‘Likes’ three days since it opened on Tuesday, May 15. Visitors can read the Patriarch’s speeches, learn Church-related news, see photos of Kirill and click on …

Russian Orthodox Patriarch joins Facebook Read More

ABBYY and IBM support computational linguistics in Russian universities

May 18, 2012

The Russian State University for the Humanities (RSUH) and the Moscow Institute of Physics and Technology (MIPT) have each announced the opening of a program in computational linguistics. The two programs were developed in close cooperation with ABBYY and IBM, according to ABBYY, a leading Russia-based international supplier of linguistic and translation software and services …

ABBYY and IBM support computational linguistics in Russian universities Read More

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