GS Venture to invest 50 million rubles in the IoT project


On June 3, 2015, the All-Russian competition “Internet of Things – IT Challenge” organized by the Skolkovo Foundation with the support of the GS Group investment and industry holding company ended. Two winners in the categories “Solutions for Smart Homes” and “Solutions for wearable electronics” received prizes from GS Group. The GS Group corporate venture fund – GS Venture – showed great interest in the third project and signed a memorandum of intent to cooperate with its team in the field of mass production of products within the Technopolis GS innovation cluster.

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