RVC and Moscow IDC launch a contest and accelerator of tech projects

RVC and Moscow IDC launch a contest and accelerator of tech projectsRVC and IDC launch Russia's first competition and accelerator for innovative start-ups. The General Director of RVC Igor Agamirzyan and the CEO of IDC Konstantin Fokin signed a cooperation agreement on the joint initiative on May 20, 2013.

The first contest and accelerator will be a logical stage of the Business Information Technology (BIT) competition development in 2013, which is held for the 10th time this year. Each year BIT competition receives more than 1K applications from innovative startup teams from all over the country.

The acceleration stage will include 60-70 semifinalists of BIT 2013. During the first stage (September 2013), project teams will get online access to an educational course on the basics of tech entrepreneurship. After successful completion of the course, the semi-finalists will travel to Moscow for a two-week acceleration programme (October 2013). The best accelerator alumni will present their projects at the International Forum Open Innovations in November 2013.

The first National accelerator and competition will take place at Russia's unique acceleration platform API Moscow, which is also the base platform of the Moscow technology incubator programme implemented by the Innovation Development Center of Moscow with the support of the Moscow Government. The acceleration program takes into account years of experience of existing serial entrepreneurs, investors, Russian and international industry experts.

Igor Agamirzyan, the CEO and Chairman of RVC: Each startup during its development faces a situation when it needs expertise and meetings with potential investors to assess the prospects of its project. Competitions represent one of the best platforms for this, as they involve best investors and mentors willing to work with startups and find interesting projects. BIT is Russia's leading business plan competition, which creates a more active and strong community of professionals looking for interesting projects to invest in.

The key difference of the first National competition and accelerator from other similar competitions is that its participants and winners get a real opportunity to enter the global market.

The presentation of the first National competition and accelerator and summarizing the ten-year story of BIT competition took place as part of the journalism forum Innovation Media Day.