15 March 2018

Microsoft Corporation becomes a technology partner of GenerationS

Microsoft Corporation will participate in the selection of projects in the FinTech track and the media direction of the Creative track of the GenerationS Federal Start-up Accelerator, organized by RVC. The best projects will be able to get into the program of individual work with Microsoft start-ups for start-ups; they will receive consulting support from Microsoft technology and business experts as well as access to Microsoft Azure cloud services.

The main criterion for project selection will be an innovative component, besides experts will evaluate monetization plans. Projects recognized by experts as the best ones will be announced at the GenerationS final in April 2018. In the last season of the accelerator, six participants of GenerationS became owners of cloud grants from Microsoft worth $ 120 thousand.

‘Support from the world leader in the field of information technology is very important for novice developers. A partnership with Microsoft will allow the projects to take advantage of all the benefits of a world-class development program, to launch their product to global markets’, commented Ekaterina Petrova, Head of the Accelerator GenerationS.

‘Remember the picture that tells how to draw an owl? To put it briefly, in the first step we draw two circles, in the second we draw an owl. As a result, nobody knows how to do this. Almost the same sensation is usually evoked by the term ‘digital transformation’. Every year at the GenerationS final we see strong teams that can change the world. But only this year, we saw teams that really know how to ‘draw an owl.’ We believe that this is a great trend’, says Anastasia Makeenok, Head of the Innovative Enterpreneurship Direction at Microsoft Eastern Europe.

Microsoft for start-ups is an intensive business development program. The program includes consulting services for start-ups, educational services, infrastructure and technology support necessary for the development of software products as well as support in cooperation with industry customers to execute pilot implementation projects. Moreover, the project participants will be assisted in their further fundraising attempts.

REFERENCE INFORMATION

About GenerationS

GenerationS - the largest start-up accelerator in Russia and Eastern Europe, the federal platform to develop corporate acceleration tools. It has been held by RVC since 2013. Over 20 Russian corporations interested in selecting and accelerating start-ups, become industrial partners to GenerationS every year. As a result of the multi-stage examination, the GenerationS participants receive ample opportunities for business development and investment promotion as well as access to resources and infrastructure of accelerator partners. In 2017, 3,470 applications from 13 countries were submitted to participate in GenerationS.
www.generation-startup.ru

About RVC

RVC JSC is a governmental fund of funds, the Institute of Development of the Venture Industry in the Russian Federation. The main objectives of RVC JSC: stimulate creation of Russia's own venture capital industry and execute functions of the Project Office of the National Technology Initiative (NTI). The authorized capital of RVC is more than RUB 30 bln. One hundred per cent of the RVC capital is owned by the Russian Federation represented by the Federal Agency for Management of State Property of the Russian Federation (Rosimushchestvo). The total number of funds formed by RVC JSC has reached 26; their total size is 35.5 billion roubles. The share of RVC JSC is 22.6 billion roubles. The number of innovative companies approved for investment by RVC funds has reached 218. The total amount of monetary funds approved for investment is 17.9 billion roubles.
www.rvc.ru

ABOUT MICROSOFT

Founded in 1975, Microsoft Corporation is the world leader in the production of software, services and the development of Internet technologies for personal computers and servers.
Microsoft Corporation develops and produces a wide range of software products. These include desktop and network operating systems, server applications for client-server environments, desktop business applications and office applications for users, interactive software and games, tools for working on the Internet and development tools. In addition, Microsoft offers interactive (online) services, publishes books on computer topics, produces peripheral equipment for computers, is engaged in research and development of new computer technologies. Microsoft products are sold in more than 80 countries worldwide, translated into more than 45 languages (including Russian) and compatible with most PC platforms.
www.microsoft.com