Investors now have a new instrument to identify and assess startups: the Russian Startup Index (RSI), which was tested for the first time last week at the Open Innovations international forum in Moscow.
The index rates each startup with a combination of letters, from “AAA” (most attractive) to “D” (expected to fail), in a way that recalls the rating of companies or states by financial rating agencies. RSI is based on a sophisticated methodology that includes information declared by, or collected from, the startups themselves as well as individual assessments by industry experts.
No fewer than 100 startups applied for this test edition of RSI, of which 19 pre-selected ones have been rated by 39 experts.
RSI covers three industries: IT and Internet; life sciences and health; and high tech equipment and new materials.
The rating is an initiative of RVC, the state-owned fund of funds dedicated to innovation, Greenfield Project, a platform for startups and their partners, and Startup Point, Russia’s leading startup network, as well as other organizations.
* IT: IT / Internet / Mobile – HT: High Tech equipment and new materials – LS: Life Science & Health
