Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

E-Business Contest

MOSCOW — The deadline for entries in the Internet Olympiad, a competition for the best Russian e-business idea, has been extended from Oct. 2 to Oct. 9 at the request of potential participants, said Victor Huaco, president of Orion Capital Advisors, part owner of Rambler Group, one of the competition’s sponsors.

Also, the stakes in the competition ( have been raised by Sun Microsystems, which joined Rambler, Arthur Andersen and the Monitor group as a co-sponsor of the competition. Sun is adding $30,000 worth of equipment, software and expertise to a prize of $20,000 in venture capital, as well as training courses at Harvard University.

The winning business plan, which will be selected by a jury headed by Internet investment guru Esther Dyson, will be announced Dec. 1.