Intel Newsroom Europe

6 Posts authored by: Nick Fishleigh

Intel Capital believes on-the-ground presence and long-term commitment is key to successful investments


MOSCOW, July 5, 2013 – Intel Capital, Intel Corporation’s global investment and M&A organization, today celebrated 10 years of investing in Russia and CIS. Intel Capital entered Russia in 2003 with an investment in internet company Ru-Net/Yandex and since then has invested in 15 companies across the region.

 

Speaking at an Intel Capital event to mark the occasion, Arvind Sodhani, President of Intel Capital and Intel Executive Vice President, detailed Intel Capital’s history and success in the region: “As one of the first international venture capital investors in the country, we have invested in and worked alongside the strong local engineering talent behind many of the region’s most exciting technology innovations. In turn, these companies have benefitted from the unique global perspective Intel Capital provides entrepreneurs along with the resources, network and expertise to help them grow their businesses.”

 

“We are delighted to  mark this milestone in our  investment activity,” added Marcin Hejka, Managing Director Intel Capital Eastern Europe, Middle East, Africa and Russia/CIS, “We first came to Russia after identifying the huge technology talent and the opportunity for local innovations to be globally successful. The past 10 years have confirmed Russia has talent that rivals or exceeds many mature markets, while maintaining the characteristics of high growth emerging market – a combination that is a perfect environment for innovative investors like Intel Capital.”

 

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Intel Capital is one of the most established and successful venture capital firms in the world, often entering markets before others. In Russia and CIS, Intel Capital’s Moscow-based team, currently run by investment directors Igor Taber and Maxim Krasnykh, has led investment rounds in consumer and enterprise focused companies including most recently:

 

  • AlterGeo, a geo-location social network in Russia.
  • DeNovo, an enterprise class data center and cloud provider in Ukraine.
  • Eruditor (USD$4 million), a Moscow-based provider of online marketplaces for freelancers and businesses.
  • Sapato, an ecommerce retailer specializing in footwear that was acquired by Ozon, the largest ecommerce company in Russia. Intel Capital remains invested in Ozon.
  • Rock Flow Dynamics (USD$2 million), a developer of high performance modeling software for dynamic simulations of hydrocarbon underground reservoirs.

 

In addition to leading the above investments, Intel Capital also participated in a $45m investment round in KupiVIP Holding, one of the largest fashion ecommerce websites in Russia, and a round in Speaktoit, a natural language processing company.

 

 

 

Ends

 

 

 

Contacts        

 

Maria Kibkalo

  1. maria.kibkalo@intel.com

+ 7 926 237 64 21

 

 

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$10.8 billion in over 1,284 companies in 54 countries. In that timeframe, 202 portfolio companies have gone public on various exchanges around the world and 320 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

Ruth Merrett from the Intel Corporate Affairs team shares her learnings from the Intel Education Summit, where over 120 delegates from 22 countries considered the vital changes needed to education systems to support future economic growth.

 

What does the modern economy need and how do we inspire economic growth? Challenging the status quo; that’s what the Intel Education Summit has been about so far either as an intended or non-intended consequence. The formal education system is not sufficiently catering for employability skills for young people. Fact.

 

The will IS there with some practitioners and policy makers but there needs to be a consensus; we all need to move in the same direction; embracing creativity within education. We need a more dramatic shift. Education needs to keep up with the rest of the world and embrace change through technology. Bernadette Andrietti, Intel Director for Europe stated ‘we need to move faster, we don’t have time to wait’.

 

There are pressing issues such as the low achievement of individuals from poor backgrounds. Lord Jim Knight of Weymouth commented, ‘we need to narrow the attainment gap between rich and poor and part of the answer is to engage parents more effectively’. Technology provides the tools and opportunity for schools to get ‘closer’ to parents and provide them with real-time data so they are ‘closer’ to their child’s school experiences. Engage parents here in the campaign for their children’s growth.

 

Francesc Pedro from UNESCO commented in his keynote that ‘we need a realistic approach to changing educational practices and use data to drive instruction and improvements. The use and distribution of data for personalised learning cannot be underestimated.

 

Dr Martina Roth, Global Director for Strategy, Research and Policy commented that for systemic transformation ‘we need a holistic approach that incorporates policy, teacher professional development, curriculum & assessment, ICT and research & evaluation’

 

The private sector knows a lot about change management, constantly needing to adapt to new situations to stay in business. Education can collaborate with and learn from the private sector. These public private partnerships are key for Education as Education needs to embrace change to stay relevant in today’s society.

Intel Continues to Nurture Entrepreneurship with Social Enterprise Programme


Intel, JA-YE (Junior Achievement – Young Enterprise) and Ferd have partnered to launch a pan-European Social Enterprise Programme. Building on the success of its recent project, the Sci-preneurship competition, the Social Enterprise Programme is designed to help students to develop businesses with the aim to solve a social challenge. The programme will guide 7000 European students aged 15-19 over next 2 academic years in taking a business idea from concept to reality.

 

For more details about the Social Enterprise Programme, please click here.

Student Entrepreneurs Win Intel Award for Outstanding Innovation

 

Intel Foundation Bestows $100,000 for Entrepreneurial Research

 

 

NEWS HIGHLIGHTS:

  • Team Forward from China won the 2011      Intel Global Challenge at UC Berkeley, receiving a $50,000 award from the Intel      Foundation for inventing a photo-editing platform that simplifies every      aspect of image processing and design for Chinese consumers.
  • Maxygen-mobile DNA of Russia      received $20,000 award as runner up, having developed an inexpensive and      portable DNA test solution. The third prize was awarded to NanoDiagX      of Egypt for a much more cost-effective and faster virus testing method for Hepatitis C, which could help earlier identification and treatment of infected patients critical to reducing transmission of the disease
  • Danish entrepreneurs,      BUCKY’o’Zun, were presented with The Young Innovator Award for their      inexpensive chemical compound that provides 99,9% protection against all      forms of UV radiation.

 

[Market]., Nov. 11, 2011 – Forward, a team of student entrepreneurs from China, has won the 7th annual Intel Global Challenge at UC Berkeley (formerly the Intel+UC Berkeley Technology Entrepreneurship Challenge), for creating Gaitu, a one-stop image processing platform that matches Chinese consumers with designers who add special effects, provide image-sharing services and turn edited photos into art or merchandise.

            The Intel Global Challenge at UC Berkeley is a global business plan competition that encourages student entrepreneurs and rewards innovative ideas that have the potential to have a positive impact on society. Local winners from 22 countries including Denmark, Egypt, Israel, Jordan, Lebanon, Poland, Portugal, Russia, Turkey and Yemen participated in the competition. The Intel Foundation will award a total of $100,000 in cash prizes, $50,000 of which went to Forward.

Second place and $20,000 was awarded to Maxygen-mobile DNA of Russia for inventing a low-cost, portable DNA test solution that can be used at the point of care to quickly identify thousands of infectious diseases, genetic predispositions and hereditary conditions. The $10,000 third-place prize went to NanoDiagX of Egypt, which used gold nanoparticles to develop a virus test that can detect Hepatitis C in less than an hour, and at one-tenth the cost of current commercial tests.

“Intel has a strong commitment to fostering student innovation around the globe,” said Shelly Esque, president of the Intel Foundation and vice president in Intel’s Legal and Corporate Affairs group. “Through our education programs, we’ve seen firsthand how empowering entrepreneurs positively impacts individuals, communities and economies. The Intel Global Challenge at UC Berkeley helps students develop lifelong innovation skills to identify problems and develop solutions they will use throughout their careers.”

The competition, held at the Haas School of Business at UC Berkeley, drew 28 teams from more than 20 countries. Founded in 2005, the Intel Global Challenge at UC Berkeley is a joint project of Intel and the UC Berkeley Lester Center for Entrepreneurship. The project is designed to motivate young entrepreneurs to develop innovative technologies that solve real world challenges, build viable business models and move that technology out of university labs and into the market.

This year, the finalist teams presented business plans that reflect groundbreaking work in such fields as healthcare, technology, energy conservation and disaster management. These plans included ultraviolet radiation detection, a coconut-based packaging alternative, and an advanced fire protection and detection system. Representatives of more than 12 leading venture capital firms from the San Francisco Bay Area served as judges and provided valuable feedback to the teams.

In addition, three special awards, worth $5,000 each, were presented to Intel Global Challenge teams earlier this week. The Social Innovation Award went to NextDrop of Berkeley, Calif., for its water management solution that helps people in emerging markets better predict water availability in communities. aQuainnova of Thailand won the Emerging Impact Award for the team’s Genovex business tool, which can provide early detection of viral diseases in shrimp. The Young Innovator Award was given to the entrepreneurs from team BUCKY’o’Zun of Denmark for their inexpensive chemical compound that when added to sun lotions, anti-aging creams, paints, among other products, provides 99.99 percent protection against all forms of UV radiation.

Intel has also launched a People's Choice Awards Contest for the public to vote for its favorite competing team of young entrepreneurs. The winning People’s Choice Awards team will receive a $5,000 prize. Visit www.inspiredbyeducation.com/vote to learn more and vote.

Over the past decade alone, Intel has invested more than $1 billion, and its employees have donated close to 3 million hours toward improving education in more than 60 countries. To get the latest Intel education news, visit www.intel.com/newsroom/education, join the Facebook group at http://intel.ly/intel-edu and follow Twitter updates at http://twitter.com/intel_education. To join Intel's community of people sharing their stories with the hope of becoming a catalyst for action and a voice for change in global education, visit www.inspiredbyeducation.com.

 

About Intel

Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

 

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Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

 

CONTACT:        

Diana Kaaserer                   

                        +49 172 89 20 686                         

                        diana.kaaserer@intel.com

               

The results are in! Intel and Junior Achievement – Young Enterprise Europe (JA-YE) have announced the winner of the first Sci-preneurship student contest, a European competition where students come together in multi-country teams to collaborate on projects which can have a real and positive impact on society.

 

The European prize was won by a team of students from Hungary, the Netherlands, Norway and Portugal who created a microscope device which integrates Nano- and image-recognition technologies to determine how close a food product is to expiry. Click here to access Sci-preneurship in pictures.

 

Competing students were alumni from the Intel International Science and Engineering Fair (ISEF) and JA-YE entrepreneurship programmes. Each team included members with backgrounds in either maths and science or business and entrepreneurship to create a blend of scientific expertise and commercial aptitude: the key ingredients for innovation. Five judges from the private and public sectors evaluated the solutions and presentations from the young entrants to determine the ultimate victor!

 

Maria Tereza Bezem from the winning team said: “I learned how to value business ideas and how to bring to life a scientific idea, commercialise and present it.”

 

All participating students benefitted from employee mentors from Intel and partner organisations who encouraged students to devise ideas which were not only creative and inspiring but also, commercially viable.

At the 23rd annual European Union Contest for Young Scientists (EUCYS), three up-and-coming scientists from Ireland, Switzerland and Lithuania have taken home a total of €21,000 prize money.

 

The contest, set up by the European Commission, aims to identify young people who have an interest in science and provides encouragement as they embark on their scientific career path. This year, the winners beat 87 entries from 37 countries worldwide to the top prize with projects in computing, engineering and medicine.

 

The youngest winner, 16 year old Alexander Amini from Ireland, devised a tennis sensor data analysis system that automatically distinguishes between 13 different tennis stroke types. Alexander believes his computer software can be applied to all types of motion assessment scenarios such as, sports, physical therapy and emergency responses.

 

Elsewhere, 19 year old engineer from Switzerland, Pius Markus Theiler, invented a revolutionary commercial device for climbing which enhances the safety for climbers and labourers who work high above the ground. The final winner, Povilas Kavaliauskas, aged 18 from Lithuania conducted medical research into the role of houseflies in spreading antibiotic resistant bacteria, discovering that houseflies do not transmit bacteria over long distances.

 

Máire Geoghegan-Quinn, European Commissioner for Research, Innovation and Science, and guest speaker at EUCYS, urged young people to pursue science related careers with the hope to one day support major scientific breakthroughs. "Young, talented researchers will help shape our future. We need to find answers to society's biggest challenges such as climate change, finding sustainable sources of energy, feeding the world or fighting disease” said Máire.

 

The international jury panel has granted an additional three teams from Israel, Germany and Malta to represent Europe region at Intel ISEF 2012. The teams, specialising in engineering and mathematics, were selected by the judging panel, Tapio Kosunen, State Secretary from the Ministry of Education and Science of the Government of Finland; Anneli Pauli, the European Commission’s Deputy Director-General for Research and Innovation; and Professor Maria Ana Viana-Baptista, the President of the Jury.

 

More information about the EU Contest for Young Scientists can be found at: http://ec.europa.eu/research/youngscientists/index_en.cfm

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