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April 2, 2021, 09:23

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Participants of the Moscow Accelerator have already launched over 180 startups and attracted 238.6 million rubles of investments.

Venture Investment Development Fund (Moscow Seed Fund) will provide grants to the best participants of the Moscow Accelerator. Startups of three industry tracks of the program will receive assistance – in the field of construction, engineering and banking technologies. Three grant holders will be determined by the jury, they will become winners in the “Most Investment Attractive Project” nomination and receive 500 thousand rubles each.

“Participants of the Moscow Accelerator have already launched over 180 pilot projects and attracted 238.6 million rubles of investments. Additional financial assistance will increase the stability of companies in the market and will attract the next round of venture capital investment. The startup will be able to spend the funds received on attracting customers or developing its product, ”said the head

Department of Entrepreneurship and Innovative Development Alexey Fursin

The construction track (BuildTech) started on November 11 last year. More than 390 innovative companies applied for participation, of which 30 projects were selected. The track demo day (when developments and startups will be presented) will take place on April 22.

The EngineeringTech track began on December 4th. It is dedicated to advanced approaches to the development and implementation of IT products in the field of industrial engineering. The demo day is scheduled for May 12.

Acceptance of applications for a track in the field of banking and marketing technologies (FutureBank) ended on April 1.

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The Moscow Accelerator program was launched in November 2019. It is implemented Moscow Innovation Agency with the support of the Moscow Department of Entrepreneurship and Innovative Development.

The project managed to bring together business representatives, the startup community and the Moscow Government on one platform to develop promising innovative solutions and support technology companies. During the first year of operation, seven industry tracks appeared with leading domestic and foreign corporations. This year the program won the BRICS Solutions Awards in the Business Solutions category. An international jury recognized her as a socio-economic and technological breakthrough.

The Moscow Innovation Agency brings together representatives of government and business, as well as technology companies to jointly solve the problems of creating, testing and implementing innovative solutions in the capital.

The Venture Investment Development Fund was established by the Moscow Government with the aim of developing a favorable environment for venture capital investment. The Foundation provides grants and soft loans to innovative projects.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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