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Russian agroindustrial group aims for leadership in meat substitutes

August 23, 2020

Efko, a major Russian agroindustrial group, is investing 100 million rubles (around $1.3 million at the current exchange rate) to produce meat substitutes, reports Kommersant.  Efko’s soya oil-based product will be used as an ingredient for hamburgers. The group will launch a pilot with a monthly output of 500 kg, which may be commercialized as early as …

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Skolkovo launches green tech accelerator with support from major Russian and international partners

November 11, 2020

Last week Skolkovo, the international tech hub on the outskirts of Moscow, announced the launch of GreenTech Startup Booster, presenting it as a first in Russia.  The program is intended for companies or teams with ready-made products or prototypes of solutions that tackle environmental issues. Skolkovo expects “over 500 applicants” Six themes are covered: reducing …

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Roman Abramovich backs game publisher to design “fun, thrilling, and engaging entertainment experiences”

August 18, 2020

Norma Investment, a venture firm affiliated to Russian billionaire Roman Abramovich, has taken part in a $20 million round of funding for Russian game publisher 110 Industries.   GEM Capital, an investment company founded by a top executive from the Russian oil and gas industry, and Sergey Kornikhin, a film producer, also contributed to the …

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Russian-born startup helps students make their international education dreams come true

December 28, 2020

Can you study in a top US, Chinese or European university when you have no money and lack family support? The answer is yes, as demonstrated by StudyFree, an online service that helps applicants increase their chances to get a scholarship and be admitted to educational institutions. Now claiming 23,000 users across the world, StudyFree …

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Russian entrepreneur brings social distancing to bus transportation

November 12, 2020

With COVID-19 wreaking havoc with transportation worldwide, a Russian entrepreneur, Denis Sverdlov, has proposed innovative, and eco-friendly, solutions for our transit crisis. Sverdlov is the founder of the British-based company Arrival. Already the talk of the town in the electric-vehicle business, the firm has designed public transport buses, that not only promise to lower our …

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TikTok’s latest viral trend is a Russian cereal jingle from 2010

August 18, 2020

TikTok’s latest viral trend has roots in an unlikely source: a 10-year-old Russian cereal commercial. The video shows a computer-animated llama dancing to a haunting, high-pitched vocal in the desert while bathed in apocalyptic red light. The childish song is a remix of the jingle from a 2010 commercial for Russian cereal Miel Pops, or Honey Pops. …

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In Singapore, a Russian-born startup uses AI to penetrate the mysteries of human longevity

August 13, 2020

Can artificial intelligence and machine learning help mankind address diseases related to ageing, and delay mortality?  Gero, a Singaporean company with Russian roots, believes so. To address this biological and technological challenge, Gero has teamed up with the National University of Singapore, conducting experiments involving aged animals. These works “demonstrated mortality delay (life-extension) and functional …

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What links Russia to Germany’s Wirecard scandal

August 25, 2020

One of the main figures in the collapse of German payment firm Wirecard, chief operating officer Jan Marsalek, is reportedly hiding somewhere near Moscow. Russian online publication The Bell looked at Wirecard’s connections with Russia, and why Marsalek visited the country over 60 times in a decade. The reason for Marsalek’s trips was a search for banks …

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Admitad owner invests $3 million in cashback service

August 4, 2020

Earlier this month AB Capital Group, the owner of international affiliate network Admitad, announced an investment of $3 million in cashback service company LetyShops. Founded by Ukrainian entrepreneurs in 2015, LetyShops is now headquartered Csomád, Pest, Hungary. Its service is available in seven languages, claiming a total of 2400 online shops and 12 million users. It stands as “one of the top cashback …

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AddVenture, Target Global and Lev Leviev invest $4.5 millon in Russian medical insurance startup

July 30, 2020

A Russian medical insurance startup called BestDoctor has raised $4.5 million from major Russian investors. These include AddVenture, a pioneer in the Russian venture business, Target Global, a fund with Russian roots operating from Berlin, and LVL1, the investment company of Russian-Israeli Lev Leviev. This is BestDoctor’s third round of equity funding since inception in …

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Sberbank to increase its hold on top media group Rambler

July 29, 2020

Sberbank, Russia’s state-controlled financial and tech behemoth, plans to increase its share of Rambler Group, a major online media and entertainment group. Following the acquisition of a 46.5% stake in August last year, Sberbank is now preparing for an additional investment “to ensure the group’s absolute leadership in the market.” The investment is set to total 2 …

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