GenerationS starts selection of the technological start-ups for ALROSA

ALROSA, a global leader in the diamond-mining industry, started selection of technological start-ups based of the GenerationS corporate accelerator run by RVC. The best projects will receive an opportunity to collectively work over the solutions and cooperate with the corporation in the future.

ALROSA is searching for possibility to increase operational efficiency through the new technologies. In 2016, the company already was GenerationS partner. Based on the acceleration results, the company entered into partnership agreement and continues working with the track finalist Mining&Metals - producer of the hydro prospecting system Isotest 2.0.

New selection is aimed at technological start-ups developing innovation projects in one of the industry directions:

  • sorting and sales of diamonds;
  • open and underground mining;
  • geological exploration and drilling;
  • technology of enrichment of diamond ore and sand;
  • energy efficiency;
  • ecology and industrial safety.

ALROSA is interested in start-ups both with ready solutions and those on the early stages with the prototype. As a result of application collection ALROSA and GenerationS experts will evaluate the solutions and select up to 10 best projects that are able to get money prizes, financing within the framework of ALROSA competition and continue cooperation with the corporation.


"Participation in the largest start-up accelerator in Russia and Eastern Europe is a useful and very important experience for both project organizers and participants. For us, it is an opportunity not only to spark the interest of young talented developers to mining industry, but also to have a fresh look at our own work. Cooperation of ALROSA and GenerationS two years ago became the efficient start and we hope to develop this practice in the future", Gennady Nikitin
"ALROSA experience demonstrates that synergistic effect of corporation and start-up cooperation may become foundation of the efficient commercial partnership. Thanks to active work of the industry leader with "open innovation", startupers get the opportunity to finalize the product, build joint business or attract investments even in traditionally complicated and closed for them market segments", Ekaterina Petrova.

Reference information

About GenerationS

GenerationS is a federal platform for the development of corporate acceleration tools. It has been held by RVC since 2013. Today, accelerator infrastructure includes more than 15 thousand start-ups from 30 countries, 400 corporate and ecosystem partners. In 2018, GenerationS became the first Russian accelerator that was approved by the Global Accelerator Network (GAN).
www.generation-startup.ru

About ALROSA

ALROSA PJSC is the largest global diamond producer in carats. The company is engaged in exploration, mining and sale of diamonds. ALROSA mines diamonds in the territory of Sakha Republic (Yakutia) and Arkhangelsk region. In 2017, the Company excavated 39.6 million carats of rough diamonds; revenue from sales of diamond products in 2017 was $4.3 billion.