18 September 2019
MTS, one of Russia’s main mobile operators, earlier this year 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.
Source: www.futurehorizons.com
