International startups are invited to take part in GoTech, a major Russian startup contest, to secure investments from such leading funds as Runa Capital and Phystech Ventures.
Application should be made no later that September 11 via GoTech’s website.
The funds are mostly interested in IT projects from the following areas: Big Data and analytics, machine learning & intelligence, IoT and cyber-security, as well as in IT solutions for vertical markets (edutech, fintech, e-health) and cloud business solutions (cloud B2B). The criteria for the participation are the focus on the global market and hardly replicable technological advantages.
GoTech participants will also be able to apply for grants and investments from Skolkovo, Russia’s brand new tech hub, FRII (IIDF), a state-backed fund for Internet startups, and nearly 100 other investors who will attend the event. Startups will also be able to get acquainted with the incubation and acceleration programs of Google, iDealMachine, Intel, the Untitled Retail Lab, and other players.
The winners will be announced at GoToMarket Forum on October 6th in Moscow.
“GoTech has one of the best projects pipelines and strongest organizing team,” said Olga Maslikhova, Managing Partner at Phystech Ventures. “Phystech Ventures is ready to support solutions with a strong growth potential on the global market — and which are difficult to copy. We are eager to help teams with funding, bringing as well our expertise in the fast-growing markets of South-Eastern Asia, USA and Europe.”
Since its first edition in 2009, GoTech (formerly known as WebReady) has asserted itself as the largest contest in Russia and Eastern Europe, attracting in total more than 4,000 companies from 150 cities and 40 countries. More than 50 projects among finalists raised over $40 million of investments during this period.
