Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
×
Businesses

Belarusian Regime's Thugs Shut Down Imaguru, the Country's Key Startup Hub (techcrunch.com) 23

An anonymous reader quotes a report from TechCrunch: After visits by unnamed masked intruders and the cancellation of its lease, Imaguru -- the country's key startup hub, event and co-working space in Minsk -- has effectively been shut down by the Lukashenko regime, which has led a brutal crackdown on its own people in recent months. But the company behind the space says it will defy the authorities and continue its activities online.

Since 2013, Imaguru had become known as being the birthplace of a large number of startups from Belarus, including MSQRD, acquired by Facebook in 2017 -- as well as a landing pad for international investors visiting the country. Startups that have emerged from the space have attracted over $100 million in investments in recent years. The "Imaguru Startup HUB" leased the space from "Horizon Holding" in 2013, when it took over a dilapidated building from a state-owned company. But on April 16, 2021, Horizon told Imaguru it was unilaterally terminating its lease and the startup space has been given until April 30 to vacate. Imaguru says there has been no reason given for the lease termination, despite Horizon calling Imaguru a "flagship" leasehold for its property business.

To outside observers, it looks like Horizon has come under pressure because of Imaguru's active support of the pro-democracy protests inside the country. In early March, unidentified men wearing masks broke into the office, "blocked the exit, put young event attendees against the wall, and brought them to the police station" said the company. [...] In recent months, the startup hub came out in solidarity with the protests inside the country following last year's tainted elections, recorded videos of solidarity with PandaDoc, who's employees have been jailed, and supported the general strike on October 26, 2020.
In a statement, Imaguru said it is "not silent about lawlessness, repressions and persecution against civilians who defend their rights to an honest and fair choice ... Not silent about the regime shutting down the business, investment and startup environment ... Not silent about the massive relocation of startups from Belarus, about the catastrophe of this for the country and the role of the High Tech Park in this process."
This discussion has been archived. No new comments can be posted.

Belarusian Regime's Thugs Shut Down Imaguru, the Country's Key Startup Hub

Comments Filter:
  • by Ostracus ( 1354233 ) on Wednesday April 21, 2021 @05:10PM (#61298782) Journal

    In a statement, Imaguru said it is "not silent about lawlessness, repressions and persecution against civilians who defend their rights to an honest and fair choice ... Not silent about the regime shutting down the business, investment and startup environment ... Not silent about the massive relocation of startups from Belarus, about the catastrophe of this for the country and the role of the High Tech Park in this process."

    In other words being a principled entity results in...

    After visits by unnamed masked intruders and the cancellation of its lease, Imaguru -- the country's key startup hub, event and co-working space in Minsk -- has effectively been shut down by the Lukashenko regime, which has led a brutal crackdown on its own people in recent months.

    Nothing here should be a surprise.

  • Belarus is broke (Score:4, Interesting)

    by quonset ( 4839537 ) on Wednesday April 21, 2021 @05:44PM (#61298876)

    It would seem odd that for a country that is on the verge of collapsing, Belarus would try to drive out the singular bright spot bringing money into the country. Belarus is so broke, in September of 2020 Russia had to give it a $1.5 billion emergency "loan" [themoscowtimes.com] to keep the country functioning. Then, December, Belarus went back and asked for more money [uawire.org] as well as weapons.

    I'm sure Imgaru would receive a warm welcome in Ukraine which is inching closer to privatization of certain sectors of the economy and is looking to increase the flow of foreign capital into the country.

    • by ShanghaiBill ( 739463 ) on Wednesday April 21, 2021 @06:00PM (#61298940)

      It would seem odd that for a country that is on the verge of collapsing, Belarus would try to drive out the singular bright spot bringing money into the country.

      Authoritarians act in their own interest, not in the interest of the citizens.

      Lukashenko does not benefit from a prosperous Belarus if he is no longer in power.

      I'm sure Imgaru would receive a warm welcome in Ukraine

      Only if they refrain from questioning the rampant corruption in the Ukrainian government.

    • by quantaman ( 517394 ) on Wednesday April 21, 2021 @06:01PM (#61298942)

      It would seem odd that for a country that is on the verge of collapsing, Belarus would try to drive out the singular bright spot bringing money into the country. Belarus is so broke, in September of 2020 Russia had to give it a $1.5 billion emergency "loan" [themoscowtimes.com] to keep the country functioning. Then, December, Belarus went back and asked for more money [uawire.org] as well as weapons.

      Not so odd, Lukashenko's priority is not to grow the economy or even stabilize the country, it's to stay in power and reap the benefits of that power.

      A thriving tech sector does very little to boost the power of Lukashenko and his allies, or even the wealth they can extract from the economy. It does however threaten their ability to remain in power.

      That they're getting shutdown is quite understandable.

    • Lol, in Ukraine armed masked thugs are 1000% more likely to show up and ask for 99% of everything you own for "protection". Only they won't be from the government, private sector, though if you go after them or try to fight back you'll find out that they in fact unofficially protected by the government. Seriously though, wild west or carribean(1600-1700ish, era of piracy) offered a lot more individual protection and civilization in general than Ukraine right now.

The 11 is for people with the pride of a 10 and the pocketbook of an 8. -- R.B. Greenberg [referring to PDPs?]

Working...