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Finalists of CIPR-2017 Startup Competition for Foreign Markets are Determined

05/24/2017

Projects such as Tele MD, Last.Backend, Yorso, Buydentity and Smart City LED LIghting  will be presented in Innopolis during the CIPR-2017 Conference which is held with the support from Rostec State Corporation, as part of the competition aimed at selecting Russian IT startups to come on the foreign markets.  

 

Overall, over 50 applications for participation in the selection were submitted. The panel focused mainly on projects in the areas of the Russian IT services market with the highest demand from foreign companies. The panel members included representatives of Rostec State Corporation, Moscow Agency of Innovations and the technology park IT-Park.

 

 

Three projects out of the five projects which became finalists have been created using the "smart city" concept. For instance, Last.Backend startup offers the automated infrastructure management system, while their rivals in the competition presented a project on creating "smart" city LED lighting. The third project is TeleMD, a unique platform for supporting decision-making in medicine. TeleMD development makes it possible to analyze and identify images from diagnostic equipment, to predict a risk of disease development and possible complications; it also allows giving early diagnosis and making recommendations for selecting the most appropriate type of treatment.

 

Two other projects which became finalists are related to solutions in the spheres such as trade and logistics. Yorso startup is an online wholesale marketplace for fish and seafood which makes it possible to automate procurement, sales and logistics. This Russian startup already operates in eight countries. One more solution allowing automation of processes in trade and logistics has been suggested by the Buydentity startup. People developing this company have created a system for combating the distribution of counterfeit goods using the blockchain technology. Buydentity solution makes it possible to monitor supply chains from production of goods to their purchase in a store.

 

During the CIPR Conference, projects  with high export potential which may have considerable support from the largest Russian industrial corporation, Rostec State Corporation, in terms of negotiations and legal affairs, will be selected from a number of projects which became finalists. Besides, winners will have an opportunity to implement pilot projects in large industrial enterprises in the Republic of Tatarstan as part of the Industry 4.0 concept implementation.

 

 

 

***

Information Technology of Industrial Russia (CIPR)  is the first IT conference in Russia that provides a platform for an effective dialogue between representatives of industry and defense sector, IT professionals, and venture investors. CIPR will be held on May 24-26, 2017, in Innopolis (the Republic of Tatarstan, Russia).

 

 

Innopolis is the first city built in Russia in the 21st century whose main function is to create a unique ecosystem to support the development of Russia’s IT and hi-tech sectors. Today Innopolis already has modern infrastructure and provides ample opportunity for developing innovative projects in the sphere of information and communication technology.

 

 

Rostec Corporation is a Russian corporation that was established in 2007 to facilitate the development, production and export of high-tech industrial products designed for civilian and military applications.

 

 

The Corporation comprises over 700 organizations that are currently part of eleven holding companies operating in the military-industrial complex and three holding companies working in the civilian industry, as well as over 80 directly managed organizations. Rostec's portfolio includes well-known brands such as AVTOVAZ, KAMAZ, Kalashnikov Concern, Russian Helicopters, VSMPO AVISMA, UralVagonZavod, etc.

 

 

Rostec companies are located in 60 constituent entities of the Russian Federation and supply products to more than 70 countries. In 2016, the consolidated revenue of Rostec reached 1 trillion 266 billion rubles, while the consolidated net income and EBITDA amounted to 88 and 268 billion rubles respectively.

 

In 2016, the average salary in the Corporation was 44,000 rubles. According to Rostec's strategy, the main objective of the Corporation is to ensure that Russia has a technological advantage in highly competitive global markets. Rostec's key objectives include the introduction of a new techno-economic paradigm and the digitalization of the Russian economy.

Date: 
05/24/2017
Companies & Organizations: Rostec
Countries: 
Sources of Information:  Rostec

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