GenerationS is a federal platform for developing corporate acceleration tools. The main function of GenerationS is to accelerate projects in the interests of corporate investors. GenerationS solves problems related to the targeted scouting of projects and technologies for industrial partners and supports the development of corporate competencies in terms of working with open-innovation projects.
GenerationS engages both federal and regional representatives of the innovation industry, i.e., state corporations, large and medium-sized private businesses, technology entrepreneurs, scientific and academic organizations, technology parks and business incubators. GenerationS participants receive ample opportunities to develop their business and to find investors; they also gain access to the resources and infrastructure of the accelerator’s partners.
In April 2018, specialized corporate accelerators were created on the GenerationS platform aimed at introducing innovations to large Russian and foreign companies. Under the new format, corporations establish their own individual selection criteria, and the GenerationS team establishes a programme for the development of projects and approaches to their business integration.
Together with GenerationS, we launched our own Fintech accelerator this year. This is a major joint initiative that takes our partnership to a new level. This is a great opportunity for the Bank to find innovative solutions and to work together to refine them, so that they can be easily embedded within our business processes and client scenarios.Olga Dergunova, Deputy President and Chairman of the Management Board of VTB Bank
In 2018, the following corporate customers took part in the new format acceleration programes:
265 teams from 56 cities in Russia, Kazakhstan, Latvia, Germany, Canada and the United States submitted applications to take part in the selection of technology start-ups for Alrosa. The five teams that made it through the competitive selection procedure will have an opportunity to develop proposals to integrate their product within the corporation and to find funding.
190 applications were received from Russia, the CIS and Europe, 12 of which were selected by VTB Bank for continued cooperation.
Of the 190 projects that applied for participation, 11 were selected. They have ahead of them a three-month development programme, as well as pilot trials of their technological solutions in real business processes.
Some 170 start-ups from all over the world submitted projects. The list of finalists includes 33 teams from Russia, Canada, the United States, Georgia, Finland and Sweden, among other countries. Individual work on developing each project’s business case and partnership format will continue.
More than 190 project teams from 54 cities in Russia and the CIS countries applied for participation. The company is considering the possibility of cooperation with two start-ups that took part in the acceleration programme.
214 start-ups from 50 cities in Russia, Belarus, Ukraine, Germany, the Czech Republic and Switzerland applied for participation in the Airbus Bizlab acceleration programme. Reynolds, a Russian start-up, was selected as one of the 15 best start-ups from all around the world and completed a six-month acceleration programme in France.
During its five years of operations, GenerationS has accumulated extensive experience in working with corporate innovations in both Russian and international markets – accelerator participants have attracted more than RUB 2.5 billion and concluded over 100 deals with corporations. We are grateful for the high opinion of the experts and are especially proud that a Russian accelerator has become a part of the international community.Ekaterina Petrova, Managing Director of the GenerationS
GenerationS regional franchising
RVC faces the challenge of developing innovative projects outside Moscow and St Petersburg, including in the interests of the NTI. In order to meet this challenge, the Company launched a regional franchising programme for the GenerationS corporate accelerator in October 2018. The first pilot regions for franchises were the Republic of Bashkortostan and North Ossetia-Alania. Under the terms of the agreements that were signed, partners that were granted the status of official GenerationS representatives are to develop acceleration mechanisms using RVC’s methodology and to help local start-ups finalize projects.