RVC and Chinese DeepBlue Technology Corporation To Develop Projects For Smart Cities

RVC and Chinese DeepBlue Technology Corporation To Develop Projects For Smart Cities

RVC and Chinese DeepBlue Technology Corporation signed the Memorandum of Understanding. The parties will develop cooperation in innovation and technology transfer to implement complex technology projects, including smart cities and Industry 4.0. The document was signed by Mikhail Antonov, Deputy General Director — Director for Development of RVC Innovation Infrastructure, and Anderson Chen, General Director of DeepBlue Technology.

The first joint initiative of RVC and DeepBlue Technology will be to attract Russian teams to participate in the Smart City project in the Chinese city of Anshan. Russian developers will offer their solutions in Industry 4.0 to the Government of the city of Anshan and to DeepBlue Technology, which acts as the project integrator. The priority areas of search are intelligent and robotic systems, visual recognition and smart detection systems, solutions in artificial intelligence and big data analysis for manufacturing industries, and production security systems.

Companies with successful experience in implementing projects in the Russian market are invited to participate in the program. Primary selection criteria include export-ready products, availability of sales revenue, and English-speaking management.

“China is the most important strategic partner of RVC in solving the problem of globalizing Russian technologies and their expansion to foreign markets. DeepBlue is a world-class leader in artificial intelligence and robotics. We see broad prospects for integrating advanced solutions of companies from the RVC ecosystem into our Chinese partners' complex projects. The first step will be the participation of Russian technology teams in the “megaproject” of the smart city of Anshan. Besides, we plan to develop joint initiatives within the framework of the GenerationS acceleration programs and Up Great technology competitions”, commented Mikhail Antonov, Deputy General Director — Director for Development of RVC Innovation Infrastructure.

“We welcome partnership with RVC and are ready to develop bilateral cooperation to create new business opportunities for Russian technology companies and DeepBlue Corporation, promote technology transfer, and launch joint scientific and technological projects. We are also interested in creating a joint venture fund with RVC to find the best teams and accelerate their commercialization in the two countries' markets. We hope that the agreement will contribute to the growth of the technological potential of Russia and China, the establishment of partnerships and friendly relations between our communities of experts, entrepreneurs, scientists, and engineers”, said Anderson Chen, CEO of DeepBlue Technology.

The collection of applications from Russian projects for participation in the Smart City project of Anshan will be in progress until November 16, 2020. Detailed information about the technology request to the participants is available following the link. To apply, fill out this questionnaire, and provide a product presentation in English.


RVC is a governmental fund of funds, the Institute of Development of the Russian Federation. The main objectives of RVC to stimulate the 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 percent 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 has reached 29. Their full size is 64.4 billion rubles. The share of RVC is 38 billion rubles. Funds with capital participation of RVC JSC invested more than 290 portfolio companies for a total amount of 23 billion rubles.

DeepBlue Technology, founded in 2014, has grown to be a world-class global enterprise across four major AI verticals: smart industry, smart agriculture, smart urbanization, and intelligent biosafety. Under the principle of “Serving Humanity with AI”, DeepBlue is engaged in fundamental research and product development in areas such as computer vision, various biological and cognitive AI technologies. DeepBlue's activities are highly regarded in the industry: the company has won over 20 different top-level international competitions such as the PAKDD Cup, the IEEE ISI Cup, as well as the CVPR, SIGIR, KDD, and ICCV competitions.

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