Click here to close now.




















Welcome!

Wearables Authors: Elizabeth White, Liz McMillan, Kevin Benedict, Jim Kaskade, SmartBear Blog

News Feed Item

New Boutique Consulting Firm Firebird International Announces Subsidies, Tax Cuts Lure 30 Billion Dollars Into Russian Technology Market, Offers Small and Mid-Sized Businesses Opportunity to Get Piece of the Action

NEW YORK, NY -- (Marketwire) -- 01/22/13 -- Firebird International, co-founded by Russia and C.I.S. media and sales expert Matthew Goldstein, announced today that its research indicated nearly 30 billion dollars will be invested in Russian technology markets by US and international firms investing and doing business in Russia. Firebird, however, feels that small and medium-sized technology, new media and investment companies are being left out of the action and aims to change this by providing them affordable, hands-on, turnkey corporate solutions.

In Russia, start-ups and business incubators are seeing massive expansion, drawing the attention of many international investment firms, including Tiger Global Management, a New York-based international investment management firm, which has mainly invested over 30 million dollars of its capital in Russia-based on-line commerce and travel sites, as well as retaining a stake in the Russian search engine giant, Yandex, which began trading on the Nasdaq in May, 2011. Bessemer Capital Ventures, along with other international partners, last year invested a startling 55 million dollars into on-line an on-line VIP shopping network KupiVip.ru. Likewise, angel investors like Zynga's Mark Pincus and Skype and Facebook's Peter Thiele, along with US Internet icons like Mark Zuckerburg and Sean Parker, have made major investments over the last year. Firebird's mission is to take a broader approach to the investment boom, helping to connect US private investors both with US and European companies seeking capital to expand into the region and as well as Russian and C.I.S. companies based in the region looking to expand both locally and internationally, with a focus on start-up and mid-sized businesses. For these businesses, Firebird is offering its full suite of services dedicated to market entry, including facilitation of the subsidies and tax cuts being offered via the Russian government, so as to allow technology growth and expansion on a global level.

Currently, according to comScore research, nearly sixty percent of Russians use the Internet. More surprisingly, Russian Internet users spend 100 percent more time on-line than any other nation. The country has long since taken over Germany as Europe's largest Internet market. Likewise, smartphone penetration, according to comScore, nears one hundred percent. "We see a lot of examples, as was the case in China, of Russian companies implementing successful business models from the West, improving on them, and innovating new and improved technologies from them. They are now ready and willing to expand not only regionally, but have produced new and improved technologies that can and will be competitive in US and European technology markets, so long as they are properly localized. We are helping them do just this and packaging them, for investment, in a way that international investors of all sizes are accustomed to," says Matthew Goldstein.

Firebird believes that there is still enormous room for regional growth as well, both for Russian and C.I.S. technology companies and foreign companies entering the region, so long as they know how to operate efficiently and take advantage of, instead of being stunted by, the country's complicated bureaucratic processes. With an annual GDP-per-capita growth of around 13 percent from 1999 through 2010 Russian consumers have money to spend.

Firebird points to many additional advantages to doing business in Russia and the C.I.S., among them the region's reputation as being a leader in the science and technology industries, which explains the very appealing businesses that have been and are being developed locally. According to the company, this is an added-value value incentive for international companies seeking to grow in Russia and the C.I.S., where they can find qualified staff that can easily comprehend and even improve upon their existing technologies. In addition, labor costs are extremely low. Outside of Moscow, especially in emerging "tech" cities like Novosibirsk, Perm', Kazan', Nizhnii Novgorod, Kiev, and even Tblisi (where Internet security R&D is highly advanced), Baku, and Almaty, technical geniuses, as well as brilliant designers and content producers, are available for a fraction of the cost that they would otherwise demand in the US and Europe. The Russian government has invested tens of billions of dollars in innovation and has no plans to stop investing at present time. Likewise, regional governments, such as that of Tomsk, offer special economic zones that have attracted companies like Nokia Siemens.

Moscow's Skolkovo mega-tech park, since its very recent launch in 2012, has in and of itself partnered with an enormous number of major US corporations, including Microsoft, Intel, Cisco, Apple, IBM, Honeywell and GE, to only name a few. "Obviously, these companies know what they are doing by so boldly rushing to enter the Russian technology market and agreeing to all the ambiguities that they are facing by acting so quickly. They are already seeing immense returns, which I think they themselves are somewhat astonished by," claims Goldstein.

According to Firebird consultant Sergey Yakovlev, Firebird retains the belief that, despite all this growth and development, many small and mid-sized Russian and regional companies, international companies that could use revenues from the Russian market to revive their businesses, and international investors still do not have the capacity or comfort to enter the market. For this reason, its team of seasoned experts across applicable fields are offering a very hands-on approach to the consulting business.

Currently, according to Expert-RA, 44 percent of start-ups' costs when launching are spent on surveys and research. Although Firebird does perform traditional market research and risk analysis, it strives to be much more full service, accessible, and, most importantly for many companies, charge a small fraction of the costs for traditional consulting operations, by reducing margins on services performed by roughly 60 percent from what established brands offer and compensating for the profit loss through equity and profit sharing agreements. It feels that this model also reassures its clients that it will do its utmost to facilitate their rapid success.

Among a host of services traditional and non-traditional to consulting and market entry firms, Firebird performs direct sales, creates and develops partner networks for companies entering the region, and provides turnkey solutions that include registration, licensing, patenting, securing of intellectual property rights, facilitation of subsidies and tax cuts, local and Internet banking implementation, marketing and PR services, HR and corporate training, technology adaptation and integration, translation services (including dubbing and closed-captioning for companies offering audio and visual media-related products), legal services and much more, in addition to direct investment and investment facilitation. "We understand," says Goldstein, "that to want to invest and expand in these markets is one thing and to have the budget and comfort level to do so quite another. Firebird will not simply hand you a report and a road map. Our experts will become your dedicated companions. We will share your risk and be with you every step of the way, whatever your objectives may be."

To read information about Firebird International and the services offered to Russia and C.I.S. companies in Russian, please click here:
firebirdinternational.com/Russian_Site.html

ABOUT FIREBIRD INTERNATIONAL

Firebird employs a host of ambitious, energetic specialists, with experience across fields and most notable for their expertise in on-line banking systems, Internet security systems and anti-virus software, NFC and navigation and location-based technologies, telecommunications, WiMax, IP, broadcast and satellite communications systems, digital content provisioning, aggregation, and distribution systems, VoIP, energy, nano and bio technologies, consumer electronics, design and publishing software, social networking platforms, iOS and Android applications, localized brand development, marketing, and PR services, governmental relationship building, and HR and corporate training. Due to the extensive work of co-founder Matthew Goldstein in opening and selling content for entertainment and media outlets in the region Firebird caters to many clients in the entertainment industry in terms of adaptation and sales of digital content as well as acquisition of regionally produced content.

The following represents the full list of services provided by the firm, targeted at startup and mid-sized level technology and media companies, or hybrids thereof, in the US and Europe seeking to expand to Russia and the C.I.S., Russia and regional companies seeking to grow locally and internationally, and investors seeking to gain footing in the region:

Political and Risk Analysis, Qualitative and quantitative market analysis, patenting, trademark and intellectual property registration, customs' registration and facilitation, marketing adaptation, localized PR and marketing services, localized HR and corporate training, technology conversion, implementation, support, and development, digital and traditional translation services, dubbing and closed-captioning services, relationship building with local governments, facilitation of government subsidies and tax cuts in the US and Russia, creation of local partner networks, implantation of traditional and electronic banking systems, real estate location and evaluation, development of company branding, business plans, and financials for investment procurement, direct investment and investment facilitation, direct traditional and digital content licensing sales, direct technology licensing and sales, and added-value localized co-branding, event planning, and merchandising via licensing agreements.

For interested investors, Firebird has its own investors' network, offering free membership to qualified investors and added-value, fee-based specialized services.

For more information, please call Firebird toll-free from the US at 1-800-593-4346 or, from the UK, at +44208588068. To ask questions via email, or schedule an appointment to visit with us in either Boston or New York, please fill out our contact form or simply write us at [email protected]. If you are a start-up, seeking financing for development, please submit your business plans to [email protected].

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.