Volga | Finance, business | Technology & innovation

Tatarstan teams up with Enterprise Ireland to launch Russian start-ups globally

1 Mar '16
Pulsar Venture Capital, an early-stage investment fund from Tatarstan, in the mid-Volga area, has launched a start-up accelerator in partnership with government agency Enterprise Ireland and Dublin-based early stage investor NDRC, reported East-West Digital News, the first international information company dedicated to Russian digital industries.

The accelerator reportedly promises to help start-ups enter the global market and find an investor or strategic partner in 100 days. Three locations are involved: Kazan (the capital of Tatarstan), Dublin and Silicon Valley, with each selected start-up going through boot camps in the three countries, as Ivan Dobryshev of Pulsars press service explained.

Following online application, fifty start-ups will be selected in April for further program stages in the fields of information technologies, industrial technologies, hardware, oil and gas innovations, biotechnology, medicine of the future and new materials.

Each selected start-up will receive an investment of about $100,000 from the program. In addition, the international partners have expressed readiness to invest up to 1 million euro in each start-up, Mr. Dobryshev said.

The start-ups will also benefit from access to engineering centers, international expertise and mentorship, and other support services.

The programs main objective is to launch Russian start-ups in the global market, stated Pulsars CEO Pavel Korolev. We aim to create the conditions for thisnot only by providing the first investment, but also by helping them find international partners, investors and relevant mentors.

Not all Russian start-up entrepreneurs consider international expansion, however, Mr. Korolev noted. But nowadays it is virtually impossible for a tech start-up to develop a product without integrating itself into the global innovation ecosystem, the investor believes.

Pulsars acceleration program is backed by the Investment and Venture Fund of the Republic of Tatarstan as well as by RVC, Russias government-sponsored fund of funds for innovation, and the Bortnik Fund (FASIE), another state-backed organization.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content
Latest News: Volga
1 Dec '21 | Industry, manufacturing | Technology & innovation
26 Nov '21 | Technology & innovation
25 Nov '21 | Technology & innovation
 

Feature stories

27 Dec '21
An innovative hybrid plate for cranial defects...
24 Nov '21
Cerebral vascular disorders are responsible for a...
8 Oct '21
Chemists at the St. Petersburg State University...
Search (News archive - 22902)
Technology Scouting Solutions For Industry
NATT
Advertising
Marchmont News

Latest News

18 Jan '22
A scientific team in the West Urals has come up with...
14 Jan '22
A new device, developed by a Russian start-up and...
13 Jan '22
In Rostov-on-Don, scientists have developed novel...

Most read stories from last week

18 Jan '22
A scientific team in the West Urals has come up with...