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Irkutsk startups claim a million dollars

Competitive selection of projects for participation in the fourth international expedition to find and support promising startups "Startup Sabantuy 2015" will take place in Irkutsk on May 8, according to the official portal of the Irkutsk region.

“The development of high-tech business and support for import substitution is a priority area of ​​activity for the Government of the Irkutsk Region. The key task is to attract financial resources from development institutions, private investors for the implementation of promising innovative projects in the region, ”said Ruslan Kim, Minister of Economic Development of the Irkutsk Region.

According to him, entrepreneurs who have already formed their business model and are testing it in the real market can take part in the competitive selection. The selection of projects will be carried out by representatives of leading investment funds - Kama Flow, Runa Capital, LETA Capital, Rostelecom, Navigator Found. Each of the funds is ready to invest from 1 to 10 million dollars in the participants of the "Startup Sabantuy" expedition. The funds will choose two interesting projects from the Irkutsk region, which will receive an invitation to the IT park of Naberezhnye Chelny for a free monthly acceleration under the Sabantuy CEO Camp 2.0 program.

"Startup Sabantuy 2015" is an event for young entrepreneurs in the field of innovation who want to turn their business into a successful IT company. From April 4 to June 10, the startup expedition will take place in 10 cities of Russia, as well as in Dubai, Istanbul and Belgrade. Irkutsk appeared on the route for the first time.
The final of the expedition "Startup Sabantuy 2015" - Investor Demo Day - will take place in the IT park of Naberezhnye Chelny on July 11.

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