Vilnius Tech Park comes forth with a special nomination for GenerationS-2016 projects
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11 July 2016

Vilnius Tech Park comes forth with a special nomination for GenerationS-2016 projects

IMI.VC investment company, Vilnius Tech Park and the city administration of Vilnius (Lithuania) have established a special nomination Vilnius Tech Park Award under the federal start-up accelerator GenerationS - 2016 organized by RVC.

Under the nomination the winners among start-ups are certificated and their projects are forwarded to Europe and the US. The certificate provides such benefits as relocation of team (travel expenses) or its part in the Baltic States (Lithuania ), workspace in Vilnius Tech Park, legal support , including a residence permit, mentorship and market support.

The winners will be selected by the jury composed of Vilnius Tech Park representatives and GenerationS Board of trustees. Q'ty not restricted.

The GenerationS-2016 accelerator will be held in eight tracks: Mining & Metals (new technologies in the field of precious metal processing and mining), AgroBioTech&Food (biotechnology for improving efficiency of agriculture and food industry), SmartCity (a "smart" city and urban planning techniques), Creative Industries (new media, entertainment, fashion, design, and social entrepreneurship), Finance&Banking Technologies (electronic interaction in the financial market, financial solutions for business, retail and institutional investors, insurance companies and banks), LifeScience (projects in the field of biomedicine), TechNet (advanced production technologies), Power&Energy (solutions in the field of energetics and development of personal sources and energy storage devices).

"We are pleased to join GenerationS as a global partner. Russia is an excellent platform for talented teams, willing to evolve, share their experiences and scale their ideas. We live in a unique time when reality changes every day and we are glad to support those changing it. We do not intend to limit the number of winners. What is important for us is their desire to scale" – says Igor Matzanyuk, founder of IMI.VC.

"The Baltics are an ideal place for those who are ready to start thinking globally – says Darius Zakaitis (Vilnius Tech Park), – Vilnius Tech Park will become a hub for start-ups and businesses engaged in ICT sector. The Tech Park sees its goal in creating the pool of technological start-ups, investors (involving seed and venture funds), accelerator programs, businessmen and members of the creative industries. A fully functional technology ecosystem will be created here and managed by competent specialists, capable of evolving the start-up from an idea to a functional business model."

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