22 March 2018

Selection of start-ups for GenerationS-2017 final is completed in St. Petersburg

ITMO University, located in St. Petersburg, has 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 finals of the GenerationS.

The Preaccelerator program, which took place in St. Petersburg, featured 30 tech-up teams. At the end of the pitch session, the jury identified two winners: the team of Igor Zotkin, Anton Burenkov and Nadezhda Kuznetsova with their antibiotics-free treatment of cattle mastitis and Artem Khlybov with his distributed sensor for down-hole monitoring. The participants will submit their projects to experts and investors at the federal finals of GenerationS in April.

"My goal was to get first-hand experience, to outline further steps and understand at which point we should call an investor. If you participate in the Preaccelerator, you are sure in the right direction. You learn how to promote your project, find out intricacies and subtleties of communication with investors," says Igor Zotkin, a member of the project team.

"Unfortunately, solid techup projects often fail because they lack commercial skills. The Preaccelerator allows project teams to obtain some commercial competence and have better chances for survival. This is exactly what many need ", said Vyacheslav Makovich, the speaker of the full-time program, the mentor of the full-time and distance program.

The GenerationS Preaccelerator is held for the first time in a regional format. Among the finalists of GenerationS-2017 will be 2 best projects from each regional program. The teams from Samara, Kazan and St. Petersburg have already been selected for the finals, the best companies from Tomsk, Rostov-on-Don, Yekaterinburg and Moscow will also 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