Press about RVC

RVC is going to give up industry-specific accelerators for the benefit of the corporate accelerators.

Source: Inc.

Russian Venture Company (RVC) will give up industry-specific accelerators for the benefit of the corporate ones, a representative of GenerationS start-up accelerator reported to Inc. The first corporate accelerator will be launched for the manufacturer of car tires Michelin.

Corporate accelerators will be aimed at implementation of innovations in the Russian and foreign technological companies and at attraction of the private investments to the venture market. GenerationS conducted corporate accelerators from 2015, but until now, the corporations acted as partners of one of the tracks, and several partners could select the start-ups.

Mikhail Antonov
Director for innovation infrastructure development at RVC
"A new format of the corporate accelerators corresponds to RVC strategic priorities related to development of the venture market due to attraction of the private investments. Corporate accelerators based on GenerationS will be an additional instrument that supports technology entrepreneurs and will ensure more tight and focused cooperation with the big corporations according to their strategic and investment priorities."

Within the framework of this new format, GenerationS experts support will allow the companies to determine individual selection criteria, create project development program, and approach to their integration in business and technological chains. During the acceleration, marketing, sales, finance and patent experts will work with the start-ups. GenerationS representatives note that now the accelerator partnership will be established directly with the head quarter (previously, cooperation was limited to work with the Russian branch of the company).

Michelin starts selection of the Russian start-up for the first time. The company wants to find the solutions in the field of transport modernization, as well as solutions for the heavy-duty cars drivers. Accelerator participants will be able to adjust the product to Michelin requirements and will be able to enter into cooperation agreement with the company in France. Michelin invested more than 50 Euro in nine venture funds, and 34 projects now work with the company.

Accelerator organizers traced five work directions: "Personal Medicine", "Security during Stop-offs", "Safety Driving", and "Social Life and Communications" and "Services for Small Enterprises". In order to participate in the project, the start-uppers should have at least product prototype, speak English at "Intermediate" level, be a registered legal entity (or be in the process of registration). Applications are accepted on the program website. Acceleration participants will pass through 3-weeks intensive session this September and will present the projects to Michelin in October.

What happened on the Russian venture market in 2017, see on Inc infographics.

Created by: Vasiliy Immaev

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