Earlier this month Digital October, Greenfield Project, and RVC, the Russian government’s fund of funds for innovation, presented a new Russian Startup Rating (RSR). The startups are classified according to their investment attractiveness, ranging from AAA (the highest) to D (the lowest).
At present, only eight startups have received the highest rank: AlterGeo, DaOffice, EasyFamilyApps, Ecwid, Gruzobzor, RealtimeBoard, Viziware, and Doctor at Work.
The previous version of the rating system was released last year together with a different one, called the Russian Startup Index. In this new version of the RSR, however, the authors decided to merge the two existing rating systems.
“The [startup] market definitely doesn’t need two separate ratings,” said Mikhael Korneev, the co-founder of Greenfield Project. “After merging two ratings into one and analyzing all the data collected so far, we’ve made huge changes to the methodology.”
In order to be mentioned in the rating, which is updated every six months, startups have to apply and fill out a form. It contains a list of questions divided into three sections — “Team,” “Market and Product,” and “Funding.” This data, after being verified and moderated, accounts for 75% of the final score, while the other 25% is based on the feedback from a number of experts.
