Student project competition Technovations Cup starts

Student project competition Technovations Cup startsThe launch of the Federal Competition of university tech projects Technovations Cup – 2013 has been announced today on Cosmonautics Day. The competition was first organized by the MIPT a few years ago. Over the years of its development, the competition has become the main university showcase of innovative projects developed by Russia’s leading tech universities. Most of Technovations Cup finalists win other competitions of innovative projects, attract venture capital investments and become successful companies.

Technovations Cup conducts the selection of projects in three main areas this year: IT, telecommunications and space technologies, Pharmaceuticals and biomedicine, Energy efficiency, new materials and new equipment.

The selection of projects will be carried out by the expert community of ASI, RVC, Rusnano, Skolkovo and other development institutions. The best projects selected will be offered a three-month acceleration programme by leading VCs and tech entrepreneurs of the country for intensive preparations to obtain grants and investments from partner venture structures and foundations. The acceleration will be carried out in Moscow and other major Russian cities on the basis of technoparks and university business incubators.

Ten participants of the federal finals of Technovations Cup will receive lots of prizes and awards including the right to participate in trainings abroad in leading tech universities worldwide, join Skolkovo and other top technoparks of the country. The winner of Technovations Cup will receive venture capital investment in the amount of 10M RUR.

The General Director of Technovations Cup Alexander Bryzgalov says: We are convinced that the best innovative projects can be found at the junction of university developments, industrial enterprises demand and business initiative of young people. We also understand that new projects require intensive acceleration in technology, marketing and investment issues with the participation of experienced mentors and venture capital professionals. Therefore, we launch a federal programme Competition - Accelerator - Investment, which will assist best projects in becoming successful tech businesses.

Technovations Cup is supported by the Agency for Strategic Initiatives, Russian Venture Company, Moscow Seed Fund and other development institutions.