Russian VC, M&A and mixed investments news


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    New atherosclerosis therapy nears in vitro test phase in SiberiaScientists at Tomsk Polytechnic University and the local Research Institute of Cardiology are developing a new method of treating atherosclerosis using a coronary stent with a biodegradable coating

    Scientists at Tomsk Polytechnic University and the local Research Institute of Cardiology are developing a new method of treating atherosclerosis using a coronary stent with a biodegradable coating, reported the website of Vesti-Tomsk, a regional TV and radio broadcasting company. The effort is aimed at developing a nanomaterial capable of destroying the components of atherosclerotic plagues that grow inside a blood vessel. The developers want to create a coronary stent that would be inserted into a damaged vessel and then opened there to ?squeeze out? a plaque, thus preventing complete vessel occlusion (clogging). The new nanomaterial is not only expected to reduce the plaque to molecules but also remove its residue from the human body...

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    St. Pete educational gaming app developer raises investment for expansionFlexyMind, a St. Petersburg-based start-up, has closed its second round of funding with a yet-undisclosed amount from RWM Capital and keeps developing educational gaming apps for mobile devices

    In March, FlexyMind, a St. Petersburg-based start-up and an ?alumnus? of the local Ingria business incubator, raised a yet-undisclosed investment in its second round of funding from RWM Capital, a Russian fund management firm, for further development of its educational gaming apps for mobile devices, a spokesman for Ingria told Marchmont News earlier this week. Near-term plans for the young company include an extension of its innovative line of educational apps for Android- and iOS-powered gadgets, distributed on a freemium basis. Back in 2012, just months after this team of three programmers came to join the Ingria business incubator, its first round of funding it raised from Altair Capital Management, a Russian VC fund, helped FlexyMind create a series of educational apps for kids over two years old. At that moment, there was an almost complete lack of Android-based mobile apps to teach children, and in the Russian-language segment of the market competition was anemic. Today, FlexyMind?s Android-based apps have been downloaded more than 1.1 million times and, as the spokesman pointed out, ?the developers have had a lot of positive feedback from users...

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    Number of Skolkovo residents ?far from enough,? Skolkovo president thinksThe current number of residents at the Skolkovo innovation hub is ?far from enough? for a country like Russia, Skolkovo Foundation president Viktor Vekselberg believes

    The current number of residents at the Skolkovo innovation hub is ?far from enough? for a country like Russia, Russian news agency RIA Novosti reported the opinion that Skolkovo Foundation president Viktor Vekselberg aired earlier this year. According to Mr. Vekselberg, today the hub has more than a thousand residents that have been granted the status after rigorous screening. Another 10,000+ applications from start-up companies from around the country are still being considered. ?We keep asking ourselves: is this a lot or insufficient? The answer is: hopelessly insufficient. It?s far from enough because we can see the actual number of initiatives that come. The number of companies that already today meet the requirements we have for start-ups is much, much greater,? the Foundation president said. He also noted that for at least two more years to come Skolkovo, the state-sponsored innovation center still under construction just outside Moscow, will be sticking to the current exterritorial principle of selecting residents, an approach that gives Skolkovo resident entrepreneurs from across Russia the opportunity to keep benefiting from government support that exists in their local registration regions...

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    Fourth Annual Robotics Alley Conference and ExpoOn September 17-18, 2014, at the Saint Paul RiverCentre, more than 500 global industry leaders will share their insights into the worldwide explosion of robotics and autonomous systems at the Fourth Annual Robotics Alley Conference and Expo.

    On September 17-18, 2014, at the Saint Paul RiverCentre, more than 500 global industry leaders will share their insights into the worldwide explosion of robotics and autonomous systems at the Fourth Annual Robotics Alley Conference & Expo. Robotics Alley began as an initiative to spur public-private partnerships within robotics and has quickly grown toward its goal of becoming the leading robotics and automation conference in the Midwest. It brings together the businesses, universities, media, investors and policy professionals who will shape the future of the global robotics industry and transform transportation, medicine, agriculture, security, manufacturing, STEM education and more. This years? Conference will feature 9 tracks for attendees to gather information pertinent to their field...

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    RVC Seed Fund announces exit from innovative dental care companyThe government-owned RVC Seed Fund has announced a successful exit from Diastam, its portfolio company developing innovative dental care products

    The government-owned RVC Seed Fund has announced a successful exit from Diastam, its portfolio company developing innovative dental care products. The Fund has sold its 5.5% stake in the company to Science, Engineering, Medicine, a sizable Russian company pushing innovation in the biomed and other sectors, at a 60% ROI, RVC underscored. In addition to developing and commercializing both domestically and internationally its new line of tooth pastes and brushes, Diastam is said to have developed what RVC referred to as ?unique? photodynamic therapy technology for use in dentistry. Unlike conventional phototherapy, in this new method wholesome impact of light from a tooth brush is considerably enhanced by the light?s interaction with a special photosensitive substance in a tooth paste. At the moment, Diastam is completing development and working to bring to market an array of innovative models of tooth brushes. The Russian market for dental care products is estimated to be around $1bn, and sales of tooth brushes account for 21% of the entire market a year...

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    Dream Industries? Exchang.es heads for Nizhny?and far beyondMoscow?s Dream Industries, the company developing its innovative online service called Exchang.es, is launching its web-based ?event manager? in Nizhny Novgorod

    Dream Industries, the Moscow-headquartered company developing its innovative online service called Exchang.es, is taking its web-based ?event manager? beyond the Russian capital. The first region to ?domesticate? the new concept of organizing events and sharing experience is Nizhny Novgorod in the mid-Volga area. Exchang.es is a service that is meant to provide for both individuals and organizations a fast track for creating and promoting anything from talks and conferences to performances or hackathons. The developers call it ?the simplest and most personalized tool for events.? Nizhny is only a first and hopefully good start for Dream Industries? latest project, said Simon Dunlop, the co-founder of the company, in an interview with Marchmont News...

  • New atherosclerosis therapy nears in vitro test phase in Siberia

  • St. Pete educational gaming app developer raises investment for expansion

  • Number of Skolkovo residents ?far from enough,? Skolkovo president thinks

  • Fourth Annual Robotics Alley Conference and Expo

  • RVC Seed Fund announces exit from innovative dental care company

  • Dream Industries? Exchang.es heads for Nizhny?and far beyond


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RUSNANO Invests in MAPPER Lithography, Developer of Groundbreaking Maskless Lithography Equipment

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Startup Navigation. How to find a lost dog quickly? And how not to get lost on the way to an ...

Startup Navigation. How to find a lost dog quickly? And how not to get lost on the way to an ...Two promising navigation products – GPS Friend and WAYRAY – were presented at the “Global Navigation and Telecommunication Technologies” session conducted within the frameworks of the Startup Village. The session was opened by GPS Friend – a navigation device for quick search of lost dogs. This topic became especially important for hunting societies. The price ...


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