The incubator is scheduled for launch in the first half of 2013, TMT’s Head of Investor relations Natalia Makeeva told East-West Digital News. It will offer a “classic” set of services, including funding, mentoring, training, assistance in design, project presentations to investors, as well as accounting and legal services.
The incubator intends to provide up to $100,000 in seed capital per company, TNT shareholder German Kaplun said in an exchange with Kommersant.
The founders intend to incubate about ten of their own projects and also nurture between 20 and 30 other seed-stage companies, with an initial focus on photo, video and audio technologies, and news services. As the effort unfolds, TMT also has plans to ‘Russianize’ through license agreements a number of global services, such as Wanelo, a women’s social network TMT once invested in, helping it take off from zero to $15-20 million in yearly sales.
TMT’s new endeavor is yet another in a series of accelerator, incubator or related projects that have sprung up across Russia, including (to name only a few ones in Moscow) Farminers, Texdrive,Yandex.Fabrika, Digital October, Fast Lane Ventures, as well as the Plug and Play accelerator which was launched last June.
TMT is owned by German Kaplun, Alexander Morgulchik, and Artyom Inyutin, the founders of the large Russian media holding RBC back in 1993. Recently, the fund invested in a US online backup provider and an Estonian business software publisher.