MIL OSI Translation. Region: Russian Federation –
26 March 2021, 10:01
Companies will be helped to present the project to potential investors and attract funding.
The Moscow Innovation Cluster (MIC) has summed up the results of the first selection for a free service for investment packaging of projects.
“Every year hundreds of startups go through special programs and speak at pitch sessions, but only a few manage to attract funding. Often, the problem does not lie on the side of the product or technology, but lies in the inability to correctly represent its significance and competitive advantages. The service is designed to solve it. The expert commission has selected 25 innovative companies that will be helped to prepare for future pitch sessions and make their projects more attractive for investors, ”explained the head of the capital
Most of the selected projects are implemented in the fields of IT and medicine. In addition, among the competition entries are startups in the field of construction, aviation, mechanical engineering, and new materials. Among the participants are a drone taxi developer, a manufacturer of diamond identification devices, a developer of a solution for monitoring and analyzing user behavior using AI algorithms, as well as creators of mixed reality amusement parks.
Information about the start of the next selection will be published on the cluster platform I. moskov… It is planned to start soon.
Service “Investment packaging of projects” appeared on the website of the Moscow Innovation Cluster in December last year. Its goal is to help young promising projects to attract funding. With it, startups can get an investment presentation (investor deck) and a financial model. Then the entrepreneur will present the project to the investment community, which includes Russian and foreign investors, technical and financial experts. In addition, businessmen have the opportunity to participate in events and meetings with investors that will help raise funding and expand into other markets.
The Moscow Innovation Cluster is a platform for introducing innovations and developing ties between business representatives, educational and scientific organizations and the city. For cluster members, there are tools, services and support measures for the development of innovative projects. The MIC includes more than 20 thousand organizations. The project is supervised by the capital Department of Entrepreneurship and Innovative Development together with Department of Information Technologies of the city of Moscow.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.