Government fund of funds
Development institute of the Russian Federation

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Over 1000 projects queue up for GenerationS

25.07.2016

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Over 1000 projects queue up for GenerationS

Over 1000 start-ups from all over Russia have entered GenerationS contest, a federal accelerator of technology start-ups, organized by RVC. Being the largest accelerator across Russia and East Europe, GenerationS 2016 plans to consider as many as 3,000 projects. The closing date for filing the application is October 15,.

As of today, GenerationS 2016 has gathered potential projects from over 70 Russian cites. Most of the applications came from Irkutsk (200 applications) , Tomsk (129) and Ufa ( 100 ) . The top 5 cities also include Grozny (92) and Astrakhan (47) .

The most interesting track of all the industrial directions was Creative Industries, purposed to seek solutions in the area of new media, urban spaces, fashion and design . AgroBioTech & Food was the second largest track per number of applications, TechNet was the third.

Of all the projects, presented at GenerationS-2016, 78% belong to startups of early stages (pre-seed and seed) The remainder (22 %) is composed of mature projects undergoing prototype, expansion and growth stages. Most of the participants completed RSPC courses (regional sessions of practical consulting), acceleration programs or finished regional start-up schools.

With every year regional participation in GenerationS is growing. To reinforce regional technological entrepreneurship, RVC supports local programs aimed at promoting regional start-ups and conducts company-created free intensive RSPC courses. The result of this work is noticeable as every year we get more and more applications for GenerationS, — says Gulnara Bikkulova, Deputy CEO RVC, RVC Development Director and GenerationS ideologist . — In fact, if the number of applications keeps coming at the current pace, we may well be looking at no less than 3000 projects by the end of the deadline. Having updated the roadmap of the accelerator, we managed to encompass a whole lot of new industries and start-ups, new to this kind of event,  — sums up RVC Deputy CEO .

the GenerationS-2016 was officially launched in July and is to be held in eight corporate tracks: Mining&Metals, AgroBioTech&Food, SmartCity, Сreative Industries, LifeScience, TechNet, Power&Еnergy, Finance&Banking Technologies. The corporate partners to GenerationS are Moscow Exchange, the Morton Group of Companies and Russian Technical Company, QIWI, Northern Biopharmaceutical Cluster, Krastsvetmet JSC, the EFCO Group of Companies, Company Sher Oston, Irkutsk Electric Grid Company, R&D Saturn

The global partner of the GenerationS-2016 is Vilnius Tech Park (Lithuania), which will provide its assistance to the accelerator participants in bringing the projects to international markets. Development Partner — the Fund to promote innovation — allocates grants to the best projects of the GenerationS under the EGGHEAD and START programs.

Other partners to GenerationS-2016 include: Open University Skolkovo (OtUs), GC AMEDIA, ALROSA, Rostelecom PJSC.

GenerationS Super Final will be held in March 2017 . The winners will share the prize fund of 15,000,000 rubles and also receive prizes from the accelerator partners. Besides, they will be offered the opportunity to continue cooperating with corporate partners or get funding towards developing and refining the final product.

Technological entrepreneurs are welcome to submit their applications on GenerationS official web — site. To become a participant of the accelerator , please complete the registration form on: http://generation-startup.ru/register/.



Information

About Generation S

GenerationS is the largest accelerator of technology projects within the territories of Russia and East Europe and the first federal platform aimed to create and develop corporate acceleration instruments. It has been held by RVC since 2013. It has been held by RVC since 2013. GenerationS-2015 received the record number of applications — 2566 projects from 14 countries. 141 projects were selected to participate in the corporate accelerators in 7 directions. Over 20 Russian-based companies, interested in the selection and acceleration of start-ups, have become customers and corporate partners to GenerationS. Currently, the total of 60 joint projects are being processed. The total value of prizes from GenerationS partners comprised 160 million rubles.

About RVC

RVC JSC is a state fund of funds a development institution of the Russian Federation, one of the key tools leveraged by the state in the effort to create national innovation system. The authorized capital of RVC is more than 30 billion rubles. RVC's capital is owned in full by the Russian Federation represented by the Federal Agency for State Property Management of the Russian Federation (Rosimushestvo). The total number of RVC funds has reached 21 with their total size of RUB 32.3 bn. RVC JSC share is 19.9 billion rubles. The number of innovative companies approved for investment by RVC funds has reached 195. The total volume of approved investments is RUB 18.3 bn. Since 2015, RVC JSC has been defined as a project office for implementation of the National Technology Initiative (NTI) — the long-term strategy of the country's technological development, aimed at formation of new global markets by 2035.

GenerationS Press Service:
Tel: +7 (495) 956-39-72
E-mail: press@generation-startup.ru

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