Friday, July 20, 2018

Skolkovo residents Jelastic, Infobox launch grant program for cloud development

Jelastic and cloud hosting services provider Infobox, residents of the Skolkovo Fund's technology cluster, announced the start of a joint program which will extend grant funding for startup projects towards developing cloud-based infrastructure.

Jelastic and Infobox will avail their expertise to any grantee seeking to make enhancements to existing cloud computing models, especially as they pertain to optimizing costs and increasing the reliability of cloud-based storage.

The total amount of funding available for the project is $5.84 million.

"The benefits of the cloud model in the organization of IT-infrastructure [is] valuable for all types of business at any stage in the life of the company," Infobox CEO Alexei Bakhtiarov said. "But it is especially relevant for young companies in the early stages of creation and business growth. Residents IT-cluster Skolkovo create high-tech products, particularly important for the future of the country. So, we immediately supported the initiative of our partners to provide these companies computing resources with which they can solve a variety of IT-tasks. We want to show the advantages of a modern cloud created in Russia, and to prove that it is practical, reliable and secure."

Individual grants of up to $8,750 are available for each individual or company who contributes to a single portion of the project.

"We are pleased to support promising young companies and provide them with opportunities for development," Jelastic CTO Ruslan Sinitskiy said. "Energetic entrepreneurs who want to develop their own project can always count on help from our side to achieve their goals, whether it's expert advice, the right contracts or resources. That is why, together with Jelastic Skolkovo Infobox supported the initiative of awarding grants for the use of 'cloud' platform to optimize development of start-ups."