Central regions | Finance, business | Technology & innovation

Russian aircraft engine manufacturer backs young tech start-ups

5 Feb '16
NPO Saturn, the largest aircraft engine manufacturer in Russia, is ready to tap on a permanent basis into new tech solutions developed by young technology companies that participated in the GenerationS-2015 start-up accelerator program, announced RVC, Russias fund of funds for innovation and organizer of GenerationS.

Last year Saturn began to use new open innovation tools which RVC had made available in its pilot corporate acceleration program. The program encouraged Russian corporations to look for and then train promising start-up teams; and now Saturn is working to fine-tune the solutions it liked, and get those ready for serial production.

Were now in talks over commercialization and test purchases with three former participants of GenerationS-2015. What we can offer them is, number one, give them a facility to complete their R&D and incorporate our designers experience; number two, start direct purchases provided that their products receive our approval; and number three, support the development of these solutions at further stages to help the start-ups come up with prototypes and lower most essential technological risk barriers, Dmitry Ivanov, director for innovation at NPO Saturn, was quoted as saying.

One of the three, Moscow-based Semat, develops next gen machines for electrochemical treatment. In this partnership, the start-up intends to offer Saturn the modernization of all electrochemical equipment the aircraft engine manufacturer currently runs.

ABL, a start-up from Novosibirsk in Siberia, is working on special equipment for fuel nozzle diagnostics. A fund set up jointly by RVC and Rostec, the national umbrella for high-tech companies, is said to be financing the development of their first sample.

Royal Carbon from Samara, in the Lower Volga area, is offering innovative solutions made of polymer composites. Russias Bortnik Fund is supporting the development of their first sample.

Established by RVC in 2013, GenerationS is perhaps the largest start-up accelerator in Russia and entire Eastern Europe.
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Tags: start up accelerator (1) / NPO Saturn (1) / GenerationS 2015 (0) /

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