Within the framework of GenerationS start-up accelerator of RVC, Preaccelerator, that is a complex educational program for pre-seed and seed stage projects, has started its work 621 teams from more than 100 cities of Russia became Preaccelerator participants. The teams were selected from 4237 applications submitted to GenerationS-2016.
Analogous to the corporate accelerator, projects in 8 industry directions are represented in the Preaccelerator: Mining&Metals, AgroBioTech&Food, SmartCity, Сreative Industries, LifeScience, TechNet, Power&Еnergy, Finance&Banking Technologies.
During the 8 months, Preaccelerator participants will pass through the intensive educational program aimed at improvement of the projects quality and making them ready for the nest development stage. The program includes online and off-line events focused on the following directions: creation of the project team, provision of personal mentors, development of business competence of the team members, assistance in prototype development.
Among the applications for participation in GenerationS of the previous years, we saw a lot of teams that offered interesting and perspective ideas, but still were not ready for corporate accelerators and needed expert help to elaborate their ideas. In order to address this need, a separate thread for the seed stage projects - Preaccelerator - was for the first time created in GenerationS-2016. We hope that this educational program will make it possible to expand the start-ups funnel on the Russian venture market and will become a provider of the quality projects for investors and corporate partners. Next year, Preaccelerator graduates will be able to become participants of the GenerationS corporate accelerators," Gulnara Bikkulova, Deputy CEO of RVC and GenerationS ideologist noted.
About GenerationS
GenerationS - the largest start-up accelerator in Russia and Eastern Europe, the federal corporate platform for the development of acceleration tools. It has been held by RVC since 2013.
More than 20 Russian companies, in whose interests the selection and acceleration of startups is carried out, become Industrial partners of GenerationS on an annual basis. As a result of the multi-stage examination, the GenerationS participants receive ample opportunities for business development and investment promotion, and to get access to resources and infrastructure of accelerator partners. In 2016 alone, 4,237 applications from 30 countries were submitted to participate in GenerationS. The GenerationS-2016 prize fund will amount to 15 million rubles. the total value of prizes from partners will exceed 100 million rubles.
www.generation-startup.ru
About RVC
RVC is a governmental fund of funds, the Institute of Development of the Russian Federation. The main objectives of RVC: stimulating the creation of Russia's venture capital industry and execution of functions of the Project Office of the National Technology Initiative (NTI).
The authorized capital of RVC is more than 30 billion rubles. One hundred per cent of the RVC capital belongs to the Russian Federation represented by the Federal Agency for Management of State Property of the Russian Federation (Federal Property Management Agency). The total amount of funds generated by RVC, OJSC has reached 21 billion rubles; meanwhile, the total size is equal to 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 invested monetary funds is 18.4 billion rubles.
www.rusventure.ru