Power&Energy corporate accelerator of GenerationS has begun its work

From 306 teams that submitted applications for participation in the track, based on the results of the examination held within the framework of Bootcamp, 13 best projects in the field of "smart" power and energy were selected. During the following months, the finalists will pass through the intensive training program held on the base of the track industrial partners - Irkutsk Power Grid Company OJSC and EuroSibEnergo JSC.

The following projects were included in the corporate accelerator

• Intelligent decentralized emergency control system for power grids, Irkutsk City.
• The device that determines the residual service life of the transformer, Irkutsk City.
• Intelligent power quality control system in the power supply system of railways, Irkutsk City.
• New generation of supercapacitors, Saint-Petersburg.
• Acoustoelectronic current transformer for medium voltage electric power systems, Saint-Petersburg.
• Robotic complex for diagnostic of high-voltage overhead power transmission lines "Kanatokhod", Yekaterinburg.
• Operational control of HVL insulators using the RFID technology, Yekaterinburg.
• Angara, Moscow.
• Transformer with ceramic insulation, Moscow.
• Device to control residual life-time of transformer paper insulation, Kazan.
• Information and analytical software for power consumption forecasting in branches of RRC based on the artificial neural nets, Kostroma.
• Insulation control in automatic direct current systems, Makhachkala.
• Automated fiscal metering point of power with innovation sensor system 6 (10) kV, Ivanovo.

The first onsite part of the Power&Еnergy corporate accelerator was held in Moscow on November 22-23, 2016. Alexander Mitreikin, Deputy Director of the Department of state energy policy of the Ministry power and energy of the Russian Federation spoke at the opening ceremony of the accelerator, he told of measures of state support of the innovation projects and of key development tendencies in power and energy in the Russian Federation. Great interest of the audience was drawn by the welcome speech and lecture by the track mentor from the GenerationS supervisory board, Managing Director - Director for interaction with the USA and Canadian companies of ROSNANO OJSC, President of the RUSNANO USA fund, Dmitriy Akhanov, who called the projects not to isolate themselves on the Russian market and think globally considering global development tendencies of the industry development.

The most important part of the event was communication of the corporate accelerator participants with the representatives of the industrial partners - Irkutsk Power Grid Company OJSC and EuroSibEnergo JSC. As a part of Elevator pitch (60-second presentations), the selected projects were presented to the industry experts and the head of the Department of science and technology activity of EuroSibEnergo JSC Anna Korotchenkova. Corporate accelerator participants received feedback and recommendations for development and packing of the projects.

Acceleration program plan was presented by the deputy head of the department of entrepreneurship and consumer market development of the economy committee at administration of Irkutsk, Viktor Lantsov.

The second day of the accelerator was devoted to communication of the project teams with the representatives of venture funds and EnergyNet task force of the National Technology Initiative and individual work with mentors.
Further corporate accelerator program is meant for two months of intensified work on the projects and includes series of the seminars and workshop sessions of the leading experts in the power and energy industry, visits to the production facilities of the industrial partner, meetings with the successful industry entrepreneurs and investors, work with the mentors of the track operator and industrial partners, individual consultations and practical activities.

Demo day of the corporate accelerator will be held on January 24, 2017. Three best projects will share the money prize. The Prize fund for the winners of the Power&Energy track will be 1 million rubles. Irkutsk projects participating in acceleration will also have an opportunity to participate in the support program for small and medium business arranged by the city administration.
In March 2017, GenerationS super-final will take place, within which framework the winner teams will apply for the GenerationS-2016 prize fund of 15 million roubles, and total value of the prises provided by the partners will exceed 100 million rubles.

About GenerationS
GenerationS is the largest start-up-accelerator  in Russia and Eastern Europe, a federal platform for developing corporate acceleration toolwork.  It has been held by RVC since 2013.
More than 20 Russian corporations, interested in the selection and acceleration of start-ups, have become customers and corporate partners to GenerationS. Following the results of multi-stage expertise, GenerationS participants will receive rich opportunities for business development and attraction of investments, access to resources and infrastructure of the accelerator partners.  In 2016, 4237 applications for participation in GenerationS from 30 countries of the world were submitted.  The GenerationS-2016 prize fund will amount to 15 million rubles.  Total value of prizes from the partners will exceed 100 million rubles. 

About RVC 
RVC JSC is a government fund of funds and a development institute of the Russian Federation.  Main objectives of RVC JSC:  encouraging the creation of Russia's venture capital industry and performing functions of the National Project Office of the Technology Initiative (NTI).
RVC’s authorized capital amounts to more than 30 billion rubles. 100% of the company capital is owned in full by the Russian Federation represented by the Russian Federal Agency for State Property (Rosimuschestvo).  The total number of RVC funds has reached 21, their total size is 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 approved investments is 18.4 billion rubles. 

About EuroSibEnergo JSA
EuroSibEnergo JSA is the largest Russian energy company and one of the largest hydrogeneration companies in the world. The company manages the largest energy enterprises in the Russian Federation and serves more than 15 million consumers. It includes 18 power stations and 4 hydroelectric stations. Company's share on the Russian market of power energy is about 9%. About Irkutsk Power Grid Company JSC  Irkutsk Power Grid Company JSC is founded based on the grid assets of Irkutskenergo OJSC. IPGC JSC structure includes 5 branches with total length of grids of more than 35 000 km, with voltage from 0.4 kV to 500 kV. Total equipment stuff includes more than 190 000 standard units.