GEN3 Partners Inc., a consulting firm specializing in product innovation, today announced the launch of a venture fund that will raise capital for early-stage funding of new product concepts, especially ones from Russia. GEN3 Capital I, a San Francisco-based affiliate of GEN3 Partners, is an independent venture fund that will focus on early-stage companies initially in the areas of wireless communications, energy storage and non-invasive medical devices.

Some 50 localization industry professionals gathered for the 4th Localization Fusion Society meeting in Silicon Valley on Bastille Day.