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26 August 2014
Pre-Acceleration Program Comes to an End in Yekaternburg
A pre-acceleration program for Industrial Track contestant – all in all more than 40 startups from 12 Russian cities – ended in Yekaterinburg yesterday. Experts note the solid quality and high level of refinement of most participating projects.
Two objectives were set before the pre-acceleration program. The first one was to teach technology entrepreneurs the operating principles and mechanisms of free markets. The second is to select the best project teams to join the high-intensity GenerationS Industrial acceleration program in September.
The participants received two days of training in areas necessary to create their own technology business, including strategy and business model development, technology commercialization, financial valuation, intellectual property protection and public presentation skills to introduce their companies.
“Industrial innovation is probably more relevant in Yekateribnurg than anywhere else. The Urals, with its huge manufacturing and scientific potential, and a baggage – just as substantial – of unresolved problems of its industrial companies winding down and obsolete research labs, can still become the cradle, the source of new industrial solutions for the whole country,” Sergey Mitrofanov, Strategy Advisor at Pulsar Venture Capital and General Director and CEO at Agency One, says.
Sergey himself explained to participants during the traning program how best to make presentations in front of investors. Actualog CEO Ekaterina Koltunova taught a master class on financial management for companies. Dmitry Shulgin, Director of the Urals Federal University Intellectual Property Center, spoke about the details of intellectual property protection and the intricacies of patent work. Head of PR at StartTrack Natalia Mushkareva told the audience how to promote their innovative market on the market.
On Day Three, the participating project teams joined a pitch session, during which a panel of expert judges evaluated already-refined and improved presentations and identified the project teams from Yekaterinburg and other regions which will be joining the acceleration program. Altogether, 34 project teams were invited to present at the pitch session. The experts noted that many of the projects presented were thoroughly developed and were practically ready for implementation.
We note that the event in Yekaterinburg was the final stop for the Industrial Track pre-acceleration program. Similar events were previously held in Moscow and St. Petersburg. All three events will help to shortlist 40 of the best projects which will have the opportunity to participate in the two-week GenerationS Industrial acceleration program in September 2014.
After the acceleration program run by Pulsar Venture Capital, 10–15 projects will get the opportunity to enter the GenerationS final, to be held at Open Innovation, an international forum in Moscow in October. The best teams from all four sector tracks of the GenerationS contest will enter that final to present their projects to Russian and international investors, competing for RUB 5 million in prize money and other prizes from contest partners.
Panel of Experts and Judges
Ekaterina Malozemova, Director, Yekaterinburg Center for Promotion of Entrepreneurship
Marina Abdurazakova, Coordinator for Sverdlovsk Movie Studio
Valentina Slavina, President, Business Angels of the Urals Non-Profit Partnership
Sergey Mitrofanov, Development Advisor, Pulsar Venture Capital
Dmitry Pshenin, Director for Development, StartTrack
Arkady Ivanov, Head of Innovation Commercialization Center Urals Center for Medical Technologies LLC
Albert Usmanov, Head of Project Office at Pulsar Venture Capital
Alexey Bezel, Deputy Vice President for Innovation, Urals Federal University
Yury Avraamov, Director, Urals Federal University Prototyping Center
Andrey Kulagin, Head of Industrial Solutions and Biotech Acceleration Programs, RVC
Evgeny Kobzev, Founder of Knopka online resource, former CTO of SKB Kontur
Anatoly Uimin, Representative, Red Button Fund
The participants received two days of training in areas necessary to create their own technology business, including strategy and business model development, technology commercialization, financial valuation, intellectual property protection and public presentation skills to introduce their companies.
“Industrial innovation is probably more relevant in Yekateribnurg than anywhere else. The Urals, with its huge manufacturing and scientific potential, and a baggage – just as substantial – of unresolved problems of its industrial companies winding down and obsolete research labs, can still become the cradle, the source of new industrial solutions for the whole country,” Sergey Mitrofanov, Strategy Advisor at Pulsar Venture Capital and General Director and CEO at Agency One, says.
Sergey himself explained to participants during the traning program how best to make presentations in front of investors. Actualog CEO Ekaterina Koltunova taught a master class on financial management for companies. Dmitry Shulgin, Director of the Urals Federal University Intellectual Property Center, spoke about the details of intellectual property protection and the intricacies of patent work. Head of PR at StartTrack Natalia Mushkareva told the audience how to promote their innovative market on the market.
On Day Three, the participating project teams joined a pitch session, during which a panel of expert judges evaluated already-refined and improved presentations and identified the project teams from Yekaterinburg and other regions which will be joining the acceleration program. Altogether, 34 project teams were invited to present at the pitch session. The experts noted that many of the projects presented were thoroughly developed and were practically ready for implementation.
We note that the event in Yekaterinburg was the final stop for the Industrial Track pre-acceleration program. Similar events were previously held in Moscow and St. Petersburg. All three events will help to shortlist 40 of the best projects which will have the opportunity to participate in the two-week GenerationS Industrial acceleration program in September 2014.
After the acceleration program run by Pulsar Venture Capital, 10–15 projects will get the opportunity to enter the GenerationS final, to be held at Open Innovation, an international forum in Moscow in October. The best teams from all four sector tracks of the GenerationS contest will enter that final to present their projects to Russian and international investors, competing for RUB 5 million in prize money and other prizes from contest partners.
Panel of Experts and Judges
Ekaterina Malozemova, Director, Yekaterinburg Center for Promotion of Entrepreneurship
Marina Abdurazakova, Coordinator for Sverdlovsk Movie Studio
Valentina Slavina, President, Business Angels of the Urals Non-Profit Partnership
Sergey Mitrofanov, Development Advisor, Pulsar Venture Capital
Dmitry Pshenin, Director for Development, StartTrack
Arkady Ivanov, Head of Innovation Commercialization Center Urals Center for Medical Technologies LLC
Albert Usmanov, Head of Project Office at Pulsar Venture Capital
Alexey Bezel, Deputy Vice President for Innovation, Urals Federal University
Yury Avraamov, Director, Urals Federal University Prototyping Center
Andrey Kulagin, Head of Industrial Solutions and Biotech Acceleration Programs, RVC
Evgeny Kobzev, Founder of Knopka online resource, former CTO of SKB Kontur
Anatoly Uimin, Representative, Red Button Fund
