Central regions | Technology & innovation | Finance, business

GTI Labs IT start-up acceleration program launched

17 Sep '12
A pre-seed/seed stage IT start-up acceleration program, GTI Labs, was launched last week with support from investment fund Prostor Capital and the Moscow Seed Fund, the official Russian Venture Company (RVC) website reports.

The first projects selected for the program are Black Cat and Car-Fin.ru, the site says.

Black Cat is an online service assisting in reputation management, loyalty programs, processing of information/feedback from clients, and fast response to their queries in social networks.

Car-Fin.ru is said to be a fully automated online broker offering ways of adapting most advanced international portals and new and cost-effective methodology of purchasing vehicles on credit.

At the GTI Labs opening, the start-ups met each other and their mentors, as well as Prostor Capital representatives and the GTI Labs team. The co-founders and top managers of leading companies, including Parallels, Mail.ru, Deutsche Bank and InMobi, are expected to work with the projects and jointly develop technology, business, and products.

A three-month plan of action has been reportedly drafted, with each team now having its KPIs and knowing GTI Labs format for interaction.

Under longer-term plans for the new program, a total of seven projects will be accelerated with an eye to enabling as many of those as possible to be eligible for Prostor Capital and Moscow Seed Funds seed funding of up to $400,000.

The new accelerator is seeking presentations of your projects for consideration.
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