SemiExpo 2021 » One Of Russia’s Biggest Telcos Backs Start-Ups
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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