Moscow Times
Internet company Sape.ru is launching a comprehensive new investment vehicle aimed at developing the Russian startup scene, one of the company’s founders said. The new fund, called Impulse, will employ the basic tools of the trade: an accelerator, an incubator, and a venture capital fund with $65 million set aside for investment over a period of five years, said Grigory Firsov, one of Sape.ru’s founders, Vedomosti reported Wednesday.

Among Impulse’s supporters may be one very familiar name — billionaire Roman Abramovich, an acquaintance of the business tycoon said.

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