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ChelPipe Group and GenerationS Complete Accepting Applications for the Accelerator

23.04.2020

The acceptance of applications for participation in the ChelPipe corporate accelerator has completed. During the period from January 15 to March 31, the program received more than 300 proposals from Russian and international start-ups. Experts of ChelPipe Group and corporate accelerator GenerationS by RVC has already begun evaluating applications and will select 30 promising teams that in May will present innovative solutions for the pipe industry to the ChelPipe Group management.

Teams from Russia, the USA, France, Finland, Israel, Canada, Japan, South Korea, India, Mexico, and the CIS countries take part in the ChelPipe accelerator. As many as 200 projects confirmed compliance with the basic requirements of the program and passed pre-selection. It is important to note that 30% of the announced teams are already piloting their know-how, and more than 20% have gone into mass production.

A preliminary assessment of the projects showed a high demand for participation in the program from both Russian and international start-ups. Domestic and foreign projects are ready to seek opportunities for business development together with a team of corporate accelerator, despite the new economic reality and difficult epidemiological situation.

Kirill Nikitin, CTO of ChelPipe Group
The ChelPipe Group, for the first time, launched a corporate accelerator project, the key stage of which came at a difficult time for the Russian economy. Despite the possible risks, we’ve got a result that doubled our expectations: 300 projects in the funnel, 103 proposals from foreign start-ups, and over 65% of relevant decisions. Already, the company sees projects that can be launched at production facilities, so it will do everything possible to implement the best of them.

Accelerator projects' primary directions have become the new types of products and materials, alternative products to replace traditional steel pipes, and machine vision systems for existing production, energy-efficient and eco-friendly technologies for the pipe industry.

Ekaterina Petrova, Director of GenerationS Corporate Accelerator
Shortly, experts will face a serious job on project appraisal. They will select the most effective solutions for introducing solutions into the ChelPipe Group production cycle. Among the projects that applied for participation in the Accelerator, there are fast Russian start-ups and international developments, ready to enter new markets. We are confident that the advanced technologies presented will make a significant contribution to the development of the metallurgical industry and will receive full demand after completion.

In May 2020, as many as 30 start-ups will present their solutions to the management of the ChelPipe Group, 15 will launch pilots at the company's high-tech facilities. In summer, winners will become known who will be able to enter into agreement on the long-term implementation of their projects.

More information about the ChelPipe Accelerator on the website: chelpipe.generation-startup.ru.



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