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Roscongress Foundation, VEB Ventures, and Other Partners to Hold Bootcamp for Technology Companies in Far East at EEF 2019

30 August 2019
На ВЭФ-2019 Фонд Росконгресс и VEB Ventures совместно с партнерами проведут интенсив для технологических компаний Дальнего Востока

The Roscongress Foundation, VEB Ventures, and the Far Eastern High Technology Fund will hold the first specialized event called EASTBOUND.CAMP as part of the Startup Lounge project during the fifth Eastern Economic Forum. The event aims to prepare Russian technology companies to enter international markets. Startups will have an opportunity to test out their business ideas and get comprehensive expertise on ways to promote projects on the global market, and then present them to potential investors from India and China.

The popular format of bootcamp for training beginners, when participants gather in one place for high-intensity classes, was selected for the event. The first stage of EASTBOUND.CAMP will be held on 3 September at the Russky Technology Park and will last a full day. During the event, experts will help teams draw up a list of goals that aim to ensure the long-term development of a project, talk about issues that are primarily of interest to venture investors, teach them how to work with the media, and give recommendations on ways to enter international markets and raise funding.

The second stage will take place on 4 September at the EEF 2019 Innovation Space in the format of a competitive session. Per tradition, the panel of judges will include foreign experts as well as potential investors in small projects from among Forum participants.

«Russia has numerous interesting ideas, developments, and promising teams that are capable of creating world-class companies. At the same time, there is somewhat of a deficit of completed projects that are ready for an independent dialogue with investors. This trend is particularly noticeable in the regions. In order to help companies in their early stages, we decided to hold a new competition format with the EASTBOUND.CAMP at the EEF this year, which will allow for the closest, most lively, and productive dialogue between the project teams and our experts,» VEB Ventures CEO Oleg Teplov said.

«Carrying out such an intensive course as EASTBOUND.CAMP as part of the Innovation Space platform is an important initiative that can breathe new life into the innovation market of the Far Eastern region. There are still numerous niches here that have not been filled, and highly ambitious projects can be implemented. Traditionally, numerous delegations from India, China, Japan, Korea, and other countries come to the EEF. We see their great interest in Russian technology projects,» Roscongress Foundation CEO Alexander Stuglev said.

«The technology parks mission is to become a two-way bridge for Russian startups and our Asian partners and for cooperation in high technology. In 2018, after joining the Asian Science Park Association and the Association of High Technology Zones, we began actively working with our foreign partners. And events such as EASTBOUND.CAMP make it possible to expand the technology parks circle of partners and give our residents the opportunity to test the waters once again and show themselves off to investors here, where they are virtually at home. We are glad that we are looking the same way and moving in the same direction with our partners,» Russky Technology Park CEO Dmitry Borovikov said.