Google partners with Russian hosting solution provider Parallels to stimulate sales

July 11, 2012

Google, the US search giant, will offer AdWords vouchers of up to 2,000 rubles, or approximately $60, to any company purchasing Parallels’ solutions and having its website hosted by a Parallels partner. The offer targets small and mid-sized businesses in particular, in a bid to stimulate them to promote their products through contextual advertising. A …

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Robotics key to Russia’s economic and military modernization

July 9, 2012

The symbiotic relationship between the on-line and the off-line worlds is nowhere more apparent than in the field of robotics. For, although it was advances in semiconductor physics and materials science starting in the 1970’s that enabled the development of microelectronic devices that powered computers, it was actually advances in manufacturing efficiencies, primarily the deployment …

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Russian government to support 13 innovation clusters with $775 million

July 6, 2012

Last month, Venture Business News reported that the Russian Ministry of Economic Development has approved a list of pilot programs for the development of innovation clusters that will receive financial support from the federal budget. Out of 94 applications, an expert group within the ministry has selected 25 projects that fell into two groups. The …

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EBRD to invest $30.5 million in Russian Internet broadband provider

July 5, 2012

The European Bank of Reconstruction and Development announced yesterday its intention to invest up to $30.5 million in Trivon AG, an internet broadband provider operating in Russia under the Virgin Connect brand. The financing will allow the company to expand the coverage of Trivon’s internet broadband services in the Russian regions through the acquisition of …

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Alcatel Lucent and Rostechnologii sign “R&D pact” to advance LTE, network and transmission technologies

September 3, 2016

Alcatel-Lucent, a Paris-headquartered global leader in mobile, fixed, IP and Optics technologies, announced last week an expansion of its partnership with Rostechnologii, a large, state-owned Russian high-tech corporation much involved in the defense industry. The two companies have signed a “research and development pact” intended to “accelerate the deployment of advanced LTE services, new network …

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Platforma HD ceases broadcasting

July 4, 2012

The Russian pre-pay DTH platform Platforma HD and its sister service Platforma DV ceased broadcasting on July 1. The company’s website gives no explanation as to why the closure took place. ComNews.ru reported that Platforma HD’s subscriber base has been transferred to leading Russian DTH platform Tricolor TV. The latter’s audience, which amounts to some 10 million …

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Travelers’ social network XLander.ru secures funding from Aurora Venture Capital

July 4, 2012

Russian high tech fund Aurora Venture Capital has acquired a 25% stake in XLander.ru, a Russian social network designed for frequent travelers. The investment amount has not been disclosed, but an analyst at JP Morgan’s Moscow office estimated it could range from $1.2 million to $1.8 million, the Russian news agency RIA Novosti reported. Founded …

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From satellite communications to online charity donations, Russia’s young inventors honored at BIT Contest

July 3, 2012

BIT Contest, the largest tech contest in Russia and neighboring countries, held its finale last Thursday at Digital October, a popular tech event venue in Moscow center. This year, more than 1,000 applications were received from all Russian regions as well as from neighboring Belarus, Kazakhstan and Ukraine. A special nomination, ‘Global Track,’ has been …

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Fast Lane Ventures partners with Springstar to enroll jewellery social-saleswomen

July 2, 2012

Fast Lane Ventures, the Moscow-based serial Internet startup developer, has teamed up with Springstar, the German incubator backed by Oliver Jung and Klaus Hommel, to localize Juvalia&You on the Russian market. Juvalia&You targets women Internet users who are willing to launch their own small businesses, regardless of their professional background or age. The company provides …

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‘Doctor At Work’ secures $1 million from Bright Capital

June 29, 2012

Bright Capital, a major Russian venture fund operating internationally, announced last week its investment in Doktornarabote.ru (‘Doctor At Work’), Russia’s leading physicians’ community with nearly 80,000 registered practitioners. The fund offered $1 million in exchange for a minority stake in the startup online community, reported CNews.ru, a Russian IT news portal. Released in March 2010, …

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