Oz Forensics, a Russian startup developing a cutting-edge document management solution and a graduate of the GenerationS-2016 startup accelerator, has made it to the finale of the competition of this year’s edition of SLUSH Singapore.
This top-tier international startup competition is being held as part of the Singapore Week of Innovation & Technology (SWITCH 2017). Every year SLUSH Singapore brings together over 300 startups from Europe, the USA, South-East Asia, India, China, and Japan to showcase their projects to investors from the largest multinational corporations and mass media. The winners will be offered an opportunity to visit startup capitals — San Francisco, Tokyo, Helsinki, Shanghai — and showcase their projects to the global venture community.
“Becoming SWITCH winners will help us attract customers from the banking sector and scale up the business. We are now planning to enter the Asia-Pacific market,” said Oz Forensics COO and co-founder Svetlana Efimova.
“The high appreciation of Russian developers’expertise strengthens the global reputation of the country’s innovation industry and comes as a sign of international recognition of GenerationS,” stated Mikhail Antonov, Deputy Director General and Director of Innovative Infrastructure Development at RVC.
The Oz Forensics software determines the authenticity of digital documents and images, providing biometric identification and protection against digital fraud. This solution has already been used by a variety of organizations to check 5 million documents and images, allowing them to saving some $500,000.
Earlier this year, the startup won GenerationS-2016’s FinTech track award; it also won the international SWIFT Innotribe Challenge in St. Petersburg.
Four other GenerationS alumni presented their solutions at SWITCH 2017:
- LocalGuide, which presented its mobile tourist assistance service Palaround;
- Panda Money, a mobile application to teach children financial basics;
- NWTN, a brokerage platform for up-to-date analytics for individual investors;
- Synthes , which presented its ‘Phoenix3D’ solution for powder metallurgy and additive machines.
Playkey, another Russian startup which has developed a video game streaming service, was among SLUSH Singapore’s nine awarded companies.
Thousands of applications
Held by RVC since 2013, GenerationS is the largest corporate-oriented startup accelerator in Russia and Eastern Europe. Its partners include more than 20 Russian and foreign corporations. GenerationS helps its participants develop their business, attract investors, and access the resources of the accelerator’s partners.
In 2016, 4,237 applications from 30 countries around the world were submitted for participation in GenerationS. The best of them won $250,000 in prizes, in addition to partners’ assistance which was valued at more than $1.7 million.
This year, GenerationS is selecting projects across seven areas:
- Banking and financial services (FinTech);
- Agriculture and medicine (Agro&MedTech);
- New media, fashion, design and entertainment (Creative);
- Energy (Power & Energy);
- Metal processing, mining equipment operations and raw materials quality management (Mining & Metals);
- Smart manufacturing and systems implementation (TechNet);
- Civil technologies that can be potentially applied to develop weapons, military and special hardware (Dual Technologies).
The deadline for submitting applications to participate in the accelerator is October, 31 2017. The full list of areas eligible for applications can be found on the GenerationS website. To participate in GenerationS-2017, you will need to register by following this link.
