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Business & Legal Environment

Dec 02, 2013

VTB Raises $95.2M From Luxoft Stake Sale

VTB Capital raised $95.2 million from the sale of its stake in software developer Luxoft through a secondary public offering on Friday

Nov 21, 2013

Russian Ministry Announces IT Subsidies for 2014

Russia’ s Ministry of Communications has announced that it will distribute information technology development grants worth 1.31 billion rubles ($39.9 million) in June 2014, according to documents from the ministry

Nov 20, 2013

National Business Angel Association trains innovators and angel investors alike

Earlier this month, Russia’s National Association of Business Angels (NABA) test-ran its proprietary pilot licensed program developed to train young innovative entrepreneurs in approaching early stage venture investment deals

Nov 10, 2013

Proposed legislation to encourage influx of foreign IT specialists to Russia

In a bid to decisively address the current lack of skilled IT professionals in the country, the Ministry of Telecom and Mass Communications is drafting amendments to Russia’s existing law on the legal status of foreign workers

Nov 10, 2013

Russia disburses another $60m for another four regional high-tech parks

Four more Russian regions will receive over $60m in federal co-funding by the end of next year to build their own high-technology techno-parks

Nov 10, 2013

Young Ulyanovsk Nanotech Center nurtures 30 high-tech projects

The recently launched Ulyanovsk Nanotech Center in the mid-Volga area is supporting about 30 high-tech projects

Nov 06, 2013

Russia’s angel investing market grows but problems with start-ups and law persist – IIDF

Russia’s Internet Initiatives Development Fund estimates that in 2012, early-stage angel investing in Internet start-ups grew 20% y-o-y to $370m, but a lack of market transparency and a low quality of projects remained a problem

Nov 05, 2013

First stage of Innopolis IT city outside Kazan to kick off by late 2015

Statement by Roman Shaikhutdinov, the vice premier of the Republic of Tatarstan

Oct 16, 2013

Russia moves to draft law to support business angels – NABA president

Rusnano, Russian Venture Company and some other organizations known as Russia’s ‘development institutions’ are drafting this country’s first-ever legislation that would grant business angels tax benefits

Sep 29, 2013

Instrument-making techno-park envisioned outside Moscow

A new techno-park to accommodate think-tanks and R&D companies developing new instrumentation will be built in the Ramenskoye district outside Moscow

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