More than 600 projects became participants of the GenerationS Preaccelerator
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28 November 2016

More than 600 projects became participants of the GenerationS Preaccelerator

Within the framework of GenerationS start-up accelerator of RVC, Preaccelerator, that is a complex educational program for pre-seed and seed stage projects, has started its work 621 teams from more than 100 cities of Russia became Preaccelerator participants. The teams were selected from 4237 applications submitted to GenerationS-2016.

Analogous to the corporate accelerator, projects in 8 industry directions are represented in the Preaccelerator: Mining&Metals, AgroBioTech&Food, SmartCity, Сreative Industries, LifeScience, TechNet, Power&Еnergy, Finance&Banking Technologies.
During the 8 months, Preaccelerator participants will pass through the intensive educational program aimed at improvement of the projects quality and making them ready for the nest development stage. The program includes online and off-line events focused on the following directions: creation of the project team, provision of personal mentors, development of business competence of the team members, assistance in prototype development.

Among the applications for participation in GenerationS of the previous years, we saw a lot of teams that offered interesting and perspective ideas, but still were not ready for corporate accelerators and needed expert help to elaborate their ideas. In order to address this need, a separate thread for the seed stage projects - Preaccelerator - was for the first time created in GenerationS-2016. We hope that this educational program will make it possible to expand the start-ups funnel on the Russian venture market and will become a provider of the quality projects for investors and corporate partners. Next year, Preaccelerator graduates will be able to become participants of the GenerationS corporate accelerators," Gulnara Bikkulova, Deputy CEO of RVC and GenerationS ideologist noted.

The Preaccelerator will be held from November 2016 to July 2017 in several stages:

  • 14 November 2016 – 20 December 2016 – Online-training. The participants will pass through the theoretical course on key themes related to technology entrepreneurship, elaborate their projects according to the gained knowledge, will receive comments from mentors and fill in the advanced project profile. Following the results of this stage, about 100 projects will be selected for participation in the onsite program.
  • 20 December 2016 – 1 July 2017 – Working with the technologically equipped venues. The participants will get an opportunity to create prototype of their products based on the regional technologically equipped infrastructure venues (CYIC, Fablabs, etc.) with minimum financial expenses and spent time.
  • 21 – 23 March 2017 – Onsite intensive training as a part of GenerationS final. The program includes participants' meeting with the experts, successful entrepreneurs, representatives of corporations and governmental authorities, trainings, workshops to work out practical skills. Within a framework of the onsite intensive training, a seed-dealing session where the Preaccelerator participants will be able to find mentors for their projects will be arranged.
  • 1 April – 1 July 2017 – Work with mentors. Consultations will pass as a part of face-to-face meetings or remotely. Following the results of the first consultation with the supervising mentor, the projects will get objectives and tasks related to development of the project for the entire period of individual work. Results of every such consultation will be entered in the advanced project profile.
  • The final stage of the Preaccelerator will be Demo Day that will be held on 10 July 2017. The best projects will become applicants for further participation in the GenerationS-2017 corporate accelerators.

About GenerationS
GenerationS - the largest start-up accelerator in Russia and Eastern Europe, the federal corporate platform for the development of acceleration tools.  It has been held by RVC since 2013.
More than 20 Russian companies, in whose interests the selection and acceleration of startups is carried out, become Industrial partners of GenerationS on an annual basis. As a result of the multi-stage examination, the GenerationS participants receive ample opportunities for business development and investment promotion, and to get access to resources and infrastructure of accelerator partners. In 2016 alone, 4,237 applications from 30 countries were submitted to participate in GenerationS. The GenerationS-2016 prize fund will amount to 15 million rubles. the total value of prizes from partners will exceed 100 million rubles.
www.generation-startup.ru

About RVC 
RVC is a governmental fund of funds, the Institute of Development of the Russian Federation. The main objectives of RVC: stimulating the creation of Russia's venture capital industry and execution of functions of the Project Office of the National Technology Initiative (NTI).
The authorized capital of RVC is more than 30 billion rubles. One hundred per cent of the RVC capital belongs to the Russian Federation represented by the Federal Agency for Management of State Property of the Russian Federation (Federal Property Management Agency). The total amount of funds generated by RVC, OJSC has reached 21 billion rubles; meanwhile, the total size is equal to 32.4 billion rubles. The share of RVC is 19.9 billion rubles. The number of innovative companies invested by RVC funds has reached 196. The total volume of invested monetary funds is 18.4 billion rubles.
www.rusventure.ru

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