6 September 2019

Presentations of Far Eastern Startups at Innovation Space’s Business Priority Pitch Session

The Business Priority pitch session and the next stage of the tech startup competition were held as part of the Innovation Space project on the second day of the 5th Eastern Economic Forum, on 5 September. The competition is organized by the Roscongress Foundation together with the Far East High Technology Fund and the Russky Technology Park with the support of the Primorye Territory administration.

Over 100 projects registered in the Far Eastern Federal District (FEFD) or presenting innovative products that can be utilized in the FEFD applied for the competition. The expert jury investment foundations, representatives of federal and regional authorities, corporations, large and middle-sized business, business angels chose 7 high-tech start-ups granting them Business Priority status and the chance to present their products at the EEF.

Business Priority status was given to:

SMARSY smart mirror for cosmetics brands and retailers,

Enreport workflow automation system for energy market businesses,

VeDroid industrial cleaner robot,

Медсеть mobile application facilitating patient-provider communication,

PUFPay online payment service for entities and individuals,

Yagoda platform for customer acquisition and retention,

CRYOPROJECT skin care product preventing frostbite.

Today we have seen great projects, and it is only the beginning of big, consistent work. The Business Priority project enables startups to integrate into the ecosystem of the Roscongress Foundation, which encompasses all sectors of the economy, levels of government, and development institutions. Thus, the teams that are based in the regions today will have access to competences and financial resources, and can showcase themselves in the global market, emphasised Member of the Board of the Roscongress Foundation Yury Cherches.

We have chosen 7 projects from Primorye Territory, Khabarovsk, and Yakutia as finalists that, as we believe, have great potential to develop into successful businesses and some are well-suited to the economic and geographical specifics of the region. The Fund will continue co-operation with each project, however, not only in terms of mentor support now, but also in fund-raising, said CEO of the Far East High Technology Fund Ruslan Sarkisov.

There are fewer start-ups in the Far East than in Moscow, but many of them are very interesting. We are happy to fully support them. The Business Priority pitch session is a great experience for young companies, because communication with leading representatives of the investor community helps them understand how to further develop. These adjustments are very important, Marianna Skragan, Business Priority CEO.

The pitch session was followed by the Open Talk From Zero to a Billion in which founders and CEOs of successful tech start-ups took part: Gennady Redko (Hetlead), Rustam Milanov (Visitech), and Danila Zharov (Motivity). As the format suggests, the entrepreneurs sincerely answered tricky questions that concern anyone who is thinking of starting a business of their own: why they chose to undertake this hard task instead of getting a job, how they built their team and proved the value of their product to the customers, when is the right time to look for investments, etc.

Wehave had a very natural discussion here, because the answers were not identical and prepared in advance. We could see that each entrepreneur referred to their experience saying what they actually thought. It was really interesting and useful for many startupers present in the room, commented Aleksey Malikov, Co-founder of Vento Group and Partner at A&A Capital Investment Fund who was the moderator of the talk.

To see the version of the Business Priority pitch session and Open Talk From Zero to a Billion broadcasts, visit the Roscongress Foundations Information and Analytical System at roscongress.org/en.

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