Friday, June 22, 2018

GenerationS Russia advances three Yekaterinburg projects to next funding round

Generation S Russia, a national agency which provides exposure and funding to start-up projects, has selected three Yekaterinburg-area programs to advance to the next round of funding proposals.

In total, Generation S Russia selected 40 projects to move to the next round of its competition. Submitted projects ranged from industrial technologies, waste elimination and environmental impact reduction solutions. Generation S Russia considered projects in all stages of development, from early sketches to patent-holding production models, Ural Business Consulting reports.

The three Yekaterinburg-based projects to advance to the next round of funding proposals include Breeze All-Purpose Air Conditioning Unit, an integrated recycling of ore and mining waste system and a ball-in-tube flowmeter.

Ten of the 40 semi-finalists were from competitors in Moscow. Five projects were submitted from Irkutsk, four from St. Petersburg and three from Kazan. Two were submitted from developers in Omsk, and one project each originated from Ivanovo, Cheboksary, Krasnodar and Stavropol, Ural Business Consulting reports.

Created last year, Generation S is an intensive business accelerator course organized by the Russian Venture Company (RVC) and the Center for Innovative Development of Moscow, with the support of the Moscow municipal government.