Microsoft awards $230,000 to Russian startups
Jun 07, 2011
The seed financing fund of Microsoft Russia last week awarded three Russian startups with grants totaling $230,000 for their respective projects. Two of the teams received $80,000 each: one for its location-based planning application for smartphones, ePythia, and the other for its social networks monitoring tool, Wobot. The third team received $70,000 for its e-learning tool ColorPen.
Since its inception in November 2010, Microsoft’s seed financing fund, operating in partnership with Skolkovo, the state-sponsored innovation hub under construction near Moscow, has reviewed 150 "quality proposals" and has selected 14 finalists. In April, the fund awarded its first two grants, one to Pirate Pay, a startup from Perm, and one to Ajatix, a startup from Volgograd. Pirate Pay has thus far received the largest grant – $100,000 – for developing a solution to block illegal downloads of video, music and software from bit torrent networks.
Original URL: http://www.ewdn.com/2011/06/07/microsoft-awards-230000-to-russian-startups
Since its inception in November 2010, Microsoft’s seed financing fund, operating in partnership with Skolkovo, the state-sponsored innovation hub under construction near Moscow, has reviewed 150 "quality proposals" and has selected 14 finalists. In April, the fund awarded its first two grants, one to Pirate Pay, a startup from Perm, and one to Ajatix, a startup from Volgograd. Pirate Pay has thus far received the largest grant – $100,000 – for developing a solution to block illegal downloads of video, music and software from bit torrent networks.
Original URL: http://www.ewdn.com/2011/06/07/microsoft-awards-230000-to-russian-startups