Russia?s first accelerator type technology competition launched

Russia?s first-ever accelerator type contest of technology projects has been launched in Moscow to help Russian innovators enter the international markets.

Russia?s first-ever accelerator type contest of technology projects designed to help Russian innovators enter the international markets was presented Monday at the Moscow-based Innovation Media Day forum, news agency RIA Novosti reports. The new contest is the next step in the evolution of BIT, a well-established Russian competition for innovation technology ideas aimed at increasing the investment attractiveness of Russian start-ups and improving a culture of entrepreneurship in Russia?s high tech sectors. According to Igor Agamirzyan, the CEO and president of Russian Venture Company (RVC), ?an obvious development mechanism now is an acceleration program, in which the best companies participating in the BIT competition can get a set of services from raising investment to working with advisors and mentors, to assisting in commercial introduction?to everything that we call ?business acceleration...