Invest in Russia — invest in Russian regions!
All news

Three Far East projects win the EASTBOUND.CAMP

4 September 2019
Три дальневосточных проекта стали победителями EASTBOUND.CAMP

The Innovation Space programme at the Eastern Economic Forum opened on 4 September with a pitch-session of start-ups as part of the EASTBOUND.CAMP workshop organized by the Roscongress Foundation, VEB Ventures and the Far East High-Technology Foundation. The winners were three projects from the Far East region.

The pitch-session proceeded an entire day of intensive courses in the format of a training «bootcamp» for beginners at the Russky technopark at the FEFU. A team of leading venture industry experts headed by General Director of VEB Ventures Oleg Teplov, together with 19 teams, worked through all aspects of their strategy, including in the sphere of communication and raising investment. Seven finalists were selected to present their projects to international investors and guests of EEF 2019.

The session on the Innovation Space took place in the format of a competitive pitch judged by executive and top managers of such companies as VEB Ventures, Sistema Asia, Venture Company Yakutia, the Far East High-Technology Foundation, the National Agency for Promoting Indian Investment Invest India and Russky Technopark.

Three winners were identified: Flame Lab developer of an innovative heating element, Aiger constructor of a sales system based on AI and TOMORU — creator of a conceptually new chat-bot.

«I am delighted that, in just one year, EASTBOUND has become an integral part of Russia’s innovative ecosystem and an essential event on the business programmes of the country’s major economic forums, including SPIEF, EEF and Open Innovations. I am convinced that, in the future, it could become a true centre of gravity for all promising Russian projects and leading foreign investors», VEB Ventures General Director Oleg Teplov noted.

«Already on the first day of EEF, we saw several promising technology companies. EASTBOUND.CAMP undoubtedly helped disclose their potential. Thanks to contacts with leading venture sector experts, the beginning entrepreneurs realised what the market would require from their product, what awaits them in the future and how best to present their product. I think the teams have a good chance of future success», stressed Roscongress Foundation Director and Chairman of the Board Alexander Stuglev.

«Such events as EASTBOUND.CAMP make it possible both to extend the technoparks range of partners and to give our residents another opportunity to push their project and show themselves to investors — this is virtually a home. I am pleased that three competition winners are participants in the Russky Technopark Accelerator, this confirming once more the effectiveness of our work aimed ultimately at raising investment for projects. And this is not just a one-off but a quite regular pattern», Russky Technopark Director Dmitriy Borovikov noted.

«We are targeting leading positions in our segment for the TOMORU project and we have a precise plan for achieving this. To win a competition is a small but important step for us in this direction», said TOMORU project CEO Denis Balyura.