For three weeks that passed from announcement, 57 applications were submitted to the organization committee of FinTech start-ups contest that will be held as a part of the FINOPOLIS 2.0 Forum of innovation financial technologies on October 13, 2016 in Kazan. At the moment, they are examined in respect to compliance with the requirements for participation in the contest.
The Bank of Russia has announced FinTech start-ups contest in June. Russian start-ups implementing projects in the field of financial technologies that ensure development of electronic interaction on the national financial market can participate in it. Applications will be accepted till September 12; upon completion of this period, the committee will select 18 most promising market-oriented projects. They will be represented to a wide audience of financial market players at FINOPOLIS 2.0 Forum on the FinTech-start-ups alley and to the respected jury – in the pitch-session format.
Contest participants winning the first, second and third place will receive grants in the amount of 3 million roubles, 2 million roubles and 1 million roubles correspondingly. Besides, mentors from the market leaders will work with them.
Collection and examination of applications is carried out by the largest in Russia and Eastern Europe start-up accelerator GanarationS within which framework its – RVC – together with the Bank of Russia launched a separate Finance&Banking Technologies track. More information on the contest terms and procedure is available on finopolis.ru, you can submit your application for participation there as well.