Central regions | Technology & innovation | Finance, business

Business-incubator InCube launches accelerator for IT-startups

17 Aug '11
Business-incubator InCube intends to launch an accelerator for IT-startups InCube Accelerator, news site Venture Business News reports.

InCube Accelerator is the first business-accelerator in Russia, that has been set up using approach of the Western programs. The accelerator goal is to grow high-quality and strong technological projects in Russia.

The accelerators provide young teams with conditions for efficient working on the projects during several months. The main difference of the accelerators from incubators, widely spread lately, is that the accelerators provide trams with startup capital and sector expertise. In three months the project authors build the concept plan, get needed connections, start sales and raise additional investment.

In the West the model was used to grow a number of successful startups, including service of online-presentations SlideShare from the accelerator 500startups, famous daily apartment renting service Airbnb and the most known online-storage of files Dropbox from the accelerator Y-Combinator, social comments service IntenseDebate from the accelerator TechStars and other companies.

The accelerator is launched on premises of business-incubator InCube. The investment partners of the accelerator are Yandex, investment fund Runa Capital and a number of business-angels.

The program is designed to work with projects in the sector of mobile and Internet services, startups in the sectors of electronic commerce and SaaS-solutions.

The Academy of Public Economys business-incubator InCube is an open non-commercial complex, opened in 2010 in the Academy of Public Economy under the Government of the Russian Federation for providing aid to starting entrepreneurs and innovators.

The incubator goals include provision of infrastructure and complex of services to starting entrepreneurs, application of obtained knowledge in practice by the students of the Academy of Public Economy, promotion of development of innovation economy in the Russian Federation.

The incubator is open for students and graduates of the Academy of Public Economy, as well as people that have not been connected to the Academy earlier in any way.
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