Which science field has the most promising future?

Computer science
Nanotechnology
Biotechnology
Aerospace engineering
Ecology, resource saving
Cleantech
Other

What is the mankind's most dangerous invention?

Atomic bomb
Drugs
Automobile
Money
Television
Fast food
Internet

Russian Sensor Systems Obtains Investment From Leorsa Innovations

Russian high-tech company Sensor Systems announces that they have reached an agreement with Leorsa Innovations for a funding round of up to $1 million (751K Euro). The Ingria resident is a St. Petersburg-based startup founded by scientists from St. Petersburg State University which has developed an electronic tongue capable of artificial assessment of the taste and flavor of food and pharmaceutical products.

The applications for such products are numerous, where the use of the human tasters is not possible for variety of health and safety reasons, such as in a process of developing new drugs.

This is not quite an Internet startup, on the contrary, this high-tech product is likely to require much more funding to arrive to the finished product, establish manufacturing capabilities, build sales channels and start making money. However it is encouraging to see that investors take a bold move in backing a hardware startup in a biotech space, notorious for longer payback periods.

The company is currently concentrating on finishing development of and commercializing the product. As part of the deal, Leorsa will become a majority shareholder in the company.

Earlier this summer, we reported on $1,2 million (901K Euro) in investment obtained by Ingria resident Radario and now have news of another major agreement. On October 4th, Ingria will host the VC Day Ingria Future Science event with Leorsa in an effort to encourage further investment in high-tech and lifescience-oriented startups. Interested participants only have until September 20th to register for the event, so those in the area should move quickly to sign up. 

2013-09-18, GoalEurope.


Keywords: investment, sensors, Leorsa Innovations

18.09.2013
Russian Sensor Systems Obtains Investment From Leorsa Innovations
13.09.2013
St. Pete’s Sensor Systems raises $1m for its ‘electronic tongue’
13.09.2013
US-style Russian startup raises $500,000 to compete with SlideShare
12.09.2013
Russian IMI.VC and Altair.VC invested in Startup from San-Francisco
12.09.2013
Rocket Internet-backed Foodpanda secures $8M from iMena Holdings
11.09.2013
For Regional Real Estate Investment Success is in the Niceties
10.09.2013
$100 million Russian fund Maxfield Capital invests in Java application hosting platform Jelastic
04.09.2013
British Companies Blame Media for Lack of Investment in Russia
04.09.2013
Three myths about Russia’s startup market
04.09.2013
Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”
04.09.2013
Altair Capital invested in the project of mobile commerce Goodwin
03.09.2013
Russian government and business put up $80m for new solar capacity
03.09.2013
Pure Storage Raises $150M; Largest Round Ever for Enterprise Storage
30.08.2013
$54Bln to Be Invested in Moscow Region Infrastructure
30.08.2013
The Fund AVentures Capital invested $400K in the Ukrainian Startup Coppertino

Leave your comment
Sign up
Enter verification codeEnter verification code

Second Moscow International Foreign Investment Forum
Most popular news
Annual Investment Meeting 2013

Welcome to Investment. Innovation. Business Web Portal – a community-driven platform for all the participants of the investment process both in Russia and abroad!

We work to provide online information exchange between Russian and global investors and innovators, business owners and developers.