28 April 2018

Beeline names the winner in the special nomination of the GenerationS accelerator

VimpelCom PJSC (Beeline brand) has chosen the winner of the special nomination Digital Innovations opened within the accelerator of technological start-ups GenerationS from RVC. The iTalk project was selected as the best project in the Digital Innovations nomination. The iTalk ensures synchronous speech recognition during a conversation on a mobile phone and transfer of speech into a text format.

The project might be useful for integration into the b2b operator solution as well as for improvement of the quality of telephone communication for hearing-impaired customers.

The iTalk technology has the functions of instant displaying of recognized speech on the screen, as well as multilingual interpreter, and group multi-communication by video conferencing. ITalk devices analyse speech and display it on the screen during a phone call, and can also play back a previously typed text. The software solution has the ability to scale and can be used by hearing-impaired people to communicate in situations where voice communication needs to be duplicated by subtitles.

The start-up team will gain the opportunity to create joint digital products with Beeline.

"For several years, Beeline has been searching and implementing innovative developments to create an ecosystem of diverse digital services and services that can be useful to our customers, including to disabled persons. In this work, we are looking for innovative solutions in the environment of start-ups; we are working on their implementation jointly with our Beeline Innovation Lab to be launched as a full-fledged digital product. iTalk can be useful both for improving the communication capabilities of hearing-impaired people and for integration into b2b solutions", noted Anna Morozova, Head of Innovation Development Department at Vympelcom PJSC.

More than 100 projects in the field of digital technologies – e-commerce, geolocation, virtual reality, M2M, advertising and marketing technologies from 30 cities of Russia and CIS countries were potential candidates to win in the Digital Innovations nomination.

REFERENCE INFORMATION

ABOUT GENERATIONS

GenerationS is the biggest start-up accelerator in Russia and Eastern Europe, the federal platform for the development of corporate acceleration. It has been held by RVC since 2013. Over 20 Russian companies, interested in selecting and accelerating start-ups, become industrial partners to 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 as well as access to resources and infrastructure of accelerator partners.
www.generation-startup.ru

ABOUT RVC

RVC JSC is a governmental fund of funds, the Institute of Development of the Russian Federation. The main objectives of RVC is to 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 30 billion roubles. 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 number of funds formed by RVC JSC has reached 26; their total size is 35.5 billion roubles. The share of RVC is 22.6 billion rubles. The number of innovative companies approved for investment by RVC funds has reached as many as 222. The total amount of monetary funds approved for investment is 18 billion roubles.
www.rvc.ru