The PVC Acceleration Program, organized by the Investment and Venture Fund of the Republic of Tatarstan and the Pulsar Venture Capital Venture Fund, will be held for the sixth time. The Acceleration Program is designed for early stage technological startups. It will help the projects to enter the international market and give them the opportunity to receive up to 5 million rubles.
Registration of applications for the Acceleration Program for technological startups with ready-made solutions (MVP) and the potential to enter the global market is open and will last till February 28, 2021. The program is designed for projects with a finished product and first sales. Areas in which the organizers of the PVC Acceleration Program are interested: Internet of Things, process and project management, the applied use of AI in business tasks, energy efficiency and ecology, sharing economy, as well as agricultural business, petrochemical industry and biotechnology.
In April 2021, 10 final projects will be selected for the Program. The final qualifying round for the Program will be held online at the RVF 2021 site. Entrepreneurs, together with mentors and experts, will work out a roadmap for entering the global market, as well as prepare to attract a round of investments.
Ainur Aydeldinov, the IVF RT Director said that the goal of the program is to help the export-oriented startups from Russia and the CIS countries in organizing cooperation with big business and attracting co-investments, as well as in their integrating into other programs of business support.
The PVC Acceleration Program focuses on the international market: for example, some of the past programs were held in Dublin, Tokyo and Silicon Valley:
- Today we are witnessing a major shift in the balance of power in technology industries. For startups, this is a time of opportunity growth for innovation allowing them to adapt themselves for today's environment. Our program once again brings together international partners, whom we thank for their deep involvement in the future of each startup. All organizers and partners of the accelerator are interested in finding companies for investment and are ready to share their experience, - explained Pavel Korolev, CEO of Pulsar VC. - The unique feature of the Program lies not only in the elaboration of business issues, but also in the fundraising possibility in the three largest global markets at once, the USA, Japan, and Europe.
33 companies took part in the program for 5 years of its operation, which attracted over 240 million rubles of investments. 8 startups finalists received funding in 2020.