April 24, 2018
Kazan Hosts the Russian Venture Forum, the Largest Event of the Russian Venture Market
On 19 April, Kazan hosted the Russian Venture Forum (RVF), where EBAN was represented by Peter Braun, EBAN Board member. At the exposition of the Russian Venture Forum 50 high-tech start-ups presented their businesses in three tracks – Industrial, Blockchain and M.E.S.Tech. Among them, the panel has selected 10 projects, that will receive up to 10 million rubles on product development and that will have the opportunity to become participants of the international accelerator of the Investment and Venture Fund of the Republic of Tatarstan and Pulsar VC.
25 countries, including Russia, Germany, USA, India, Thailand, Vietnam, Italy, took part in the competition to have the opportunity to participate in the Forum’s main exposition.
In total, the Forum experts selected 10 start-ups: eight of them will become participants of the international accelerating program, and two of them will receive additional funding. The ones recognized as the best are: CheckScan, GetCoder, New Structures & Technologies, IRBESTECH, Digital Loyalty System, FM Development, Yorso, Bridge, Mouse, Syncright.
The Forum was composed by a congress and an exhibition part. During the first part of the event, leading Russian and international experts of venture capital industry identified development trends and discussed the problems of the venture investments in Russia, as well as the ways of possible solution. The exposition was represented by an exhibition of innovative companies participating in the accelerating program, in which the best teams of high-tech export-oriented companies were selected from more than 500 declared projects. They competed to receive investments up to 10 million rubles for business expansion and the opportunity to obtain expertise and investments in international innovation centers in Ireland and in the Silicon Valley.
Among the key speakers of the plenary part of the Forum were: Rustam Minnikhanov – the President of the Republic of Tatarstan, Andrey Fursenko – Aide to the President of the Russian Federation, Aynur Aydeldinov – СEO of the Investment and Venture Fund of the Republic of Tatarstan, Dirk Ahlborn – CEO of Hyperloop Transportation Technologies, Jeffrey Paine – General Partner of Golden Gate Ventures, Vasily Belov – CEO of Skolkovо Ventures, Xiu Xiaoping – Secretary-General of the Commission for Venture Investment of the All-China Association for Financial Aid for Science and Technology, Alexandra Johnson – GTS President, Managing Director of Global Technology Capital.
During the business program of the RVF, at the plenary session, the Forum participants discussed strategic development prospects of Russian venture capital market, state support for the industry, as well as the role of educational institutions in business development and high-tech entrepreneurship formation.
A special feature of the Forum was the Acceleration Program for Innovation Companies with the participation of global investors, leaders of the world’s leading technology corporations and entrepreneurs such as Spencer William Koon – co-founder of Grafico Inc., David Kim – independent director of Nodechain, Gerard McCarthy – director in Russia and the CIS of Enterprise Ireland, Hiroshi Makino – CEO of SAMI, Yojiro Koshi – CEO of TalentEx, V.A. Polekhin – president of the National Association of Business Angels.
The organizers of RVF are Investment and Venture Fund of the Republic of Tatarstan and the Russian Venture Capital Association (RVCA).
RVC, Foundation for Assistance to Small Innovative Enterprises in the scientific and technical sphere (FASIE), Enterprise Ireland, as well as a number of leading venture funds and business accelerators in Russia, Europe, the United States and Asia, have become organizational partners and Forum participants.
The winner projects of the RVF
1) CheckScan– a mobile application, which allows users to inform each other about real prices by scanning shopping receipts. (Industrial)
2) Digital Loyalty System – SAAS platform for retail and banks, providing individualization of conditions for customers. (Industrial)
3) Irbistech – dry ice pelletizer and a dry ice cleaning machine. (Industrial)
4) NovaST– modified carbon nanotubes for manufacturing polymer composite materials with improved physical and mechanical properties. (Industrial)
5) 12FM – mining equipment and software. (Industrial)
6) SyncRight – platform for licensing authors’ rights for audiovisual works. (MES Tech)
7) Bridge – platform for supporting tokenized transactions with banks and other players in the financial markets. (Blockchain)
8) Yorso – international marketplace for fish and seafood wholesales. (Blockchain)
9) GetCode – software Developers Assessment. The main idea is that the service tries to determine the developer’s skills from the code that he wrote in his projects. (Industrial)
10) Mouse – fans sponsor the organization of the concert through the Mouse application and provide guaranteed income to the artist, site and open a new source of income through the streaming of the concert video (VR / 360) Mouse (translation through Facebook, Youtube etc). All Mouse`s users have access to prices, to the concert schedule of artists and their rider, simplifying the process of organizing events. (MES Tech)