4 April 2018

Two start-ups from Yekaterinburg reach the final of the GenerationS Preaccelerator

The site of the Universitetsky Hi-tech park located in Yekaterinburg hosted the Demo Day of GenerationS Preaccelerator, the federal program to prepare early-stage start-ups. The winners will present their projects to investors at the accelerator final on April 27 in Moscow.

The Preaccelerator program, which took place in Yekaterinburg, featured 18 teams from Perm, Lysva, Chelyabinsk, Yakutsk, Miass, Kostanay and Yekaterinburg. After a seven-day intensive educational workshop, the participants presented their projects to the jury members as part of the pitch session.

Two projects from Yekaterinburg became winners of the Preaccelerator: SkinCancerStop, a mobile app for early diagnosis of skin malignant tumors developed by Alexandra Shubina’s team and an infrared fiber-optic moisture sensor in transformer oil developed by Anastasia Lashova’s team. The participants will submit their projects to experts and GenerationS investors at the federal final of GenerationS.

Anastasia Lashova’s project is aimed at increasing the service life of power transformers due to continuous monitoring of moisture level inside the transformer oil. The concept of the sensor to be developed is based on absorption of oil and water in the infrared range and transmission of the optical signal through a fiber probe, which reduces electromagnetic interference and helps obtain real-time concentration values with high accuracy.

"The Preaccelerator helped refine several aspects of the project: consumer market, stages of market penetration, financial planning. The team made good use of the knowledge about the opportunities for investment and patenting in different countries around the world. We did not expect to reach the finals since all the companies, participating in the face-to-face competition in Yekaterinburg, presented profound and interesting projects. Now that our project has been so praised by the experts, our desire to implement it has become even stronger," said Anastasia Lashova.

SkinCancerStop mobile app is a computer diagnostic system based on images or photos of skin. Alexander Shubin, author of the project, highlights the high potential of this method for screening and early detection of melanoma and other malignant skin tumors and subsequent possibility of treating diseases at their early stages.

The GenerationS Preaccelerator is run by the Russian Venture Company. This year it is held for the first time in a regional format. 2 best projects from each regional program will fight for victory in the GenerationS-2017 final. The teams from Samara, Kazan, St. Petersburg, Tomsk and Yekaterinburg have been selected for the final, the best companies from Rostov-on-Don and Moscow will be known in the upcoming weeks.

REFERENCE INFORMATION

ABOUT GENERATIONS

GenerationS - the largest start-up accelerator in Russia and Eastern Europe, the federal platform for the development of corporate acceleration tools. It has been held by RVC since 2013. More than 20 Russian and international corporations, in whose interests the selection and acceleration of startups is carried out, become every year Industrial partners of GenerationS. As a result of the multi-stage examination, the GenerationS participants receive ample opportunities for business development and investment promotion and get access to resources and infrastructure of accelerator partners. In 2017, 3470 applications from 13 countries were submitted for participation in GenerationS. The prize fund of the GenerationS final in 2018 will amount to RUB 16 million.
www.generation-startup.ru

ABOUT RVC

RVC is the Russian government’s fund of funds and the development institute of national venture industry. The RVC’s main objectives are to stimulate the growth of national venture investment industry and to function as a Project Office for the National Technology Initiative (NTI). RVC’s authorized capital amounts to more than RUB 30 bln. RVC’s capital is owned in full by the Russian Federation represented by the Federal Agency for State Property Management (Rosimuschestvo). The total number of funds established by RVC JSC has reached 26 with their total size of 35.5 billion rubles. The share of RVC JSC is 22.6 billion rubles. The number of innovative companies approved for investment by RVC funds reached 218. The total volume of funds approved for investment is 17.9 billion rubles.
www.rvc.ru