Central regions | Finance, business | Telecoms, media

MTS ready to invest $15+m in start-ups

17 May '19
MTS, one of Russias main mobile operators, earlier this spring launched a corporate venture fund targeting start-ups across Russia and neighboring countries.

In a recent update, telemedicine, Internet of Things, cybersports and other areas were singled out as key funding priorities for the new fund. The fund expects to invest around $15.5m in early-stage start-ups over the next two years.

Last year the corporation launched an in-house accelerator, MTS StartUp Hub, but start-ups may receive funding from the new corporate fund irrespective of whether they participate in that accelerator or not.

MTS aims to support start-ups in Russia and beyond.

Last year, 27 corporations completed 77 investment deals involving start-ups in Russia three times as many as in 2017, according to RVC data.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: MTS (52) / corporate venture fund (0) / MTS Startup Hub (0) /

Latest News: Central regions
12 Jul '19 | Transport, logistics | Technology & innovation
11 Jul '19 | Finance, business | Technology & innovation
10 Jul '19 | Finance, business | Technology & innovation
9 Jul '19 | Finance, business | Technology & innovation
8 Jul '19 | Finance, business | Technology & innovation
 

Feature stories

26 May '19
This article has been written by Carl Burch, an MBA,...
4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
Search (News archive - 21381)
Advertising
Venture_Russia_2018
Advertising
NATT
Advertising
Marchmont News

Latest News

12 Jul '19
Yandex, a leading Russian IT company, and Hyundai...
11 Jul '19
BI.Zone, a Sberbank asset, is beginning to offer...
10 Jul '19
The Skolkovo Foundation and KPMG, one of the worlds...

Most read stories from last week