Moscow Accelerator recognized as best program at Global Business Outlook awards

Moscow Accelerator recognized as best program at Global Business Outlook awards

Every year Global Business Outlook (GBO), a global business publication, recognizes outstanding innovative projects from around the globe, giving awards in 15 categories with a focus on technology and finance. This year’s participants include representatives of Japan, Israel, the UAE, Hong Kong, Turkey, Thailand, and other countries. The awards ceremony will be held in Dubai in 2023.

According to the awards’ organizers, the project of Moscow Government was recognized as the best program in its category based on the distinctive features of its format, expert involvement, participation of major corporations and achievements of its graduates. GBO selects projects that make a significant contribution to the development of relevant sectors of economy, set new trends and serve as a reference point for other market players. The fact that Moscow is being ranked at international level in a period of geopolitical tension highlights the role of Russia’s capital city as a trendsetter and driver in the field of innovation and technology.

The Moscow Accelerator program was launched in 2019 by Moscow Agency of Innovations and aims to improve the dialogue between startups, major businesses, corporate foundations, and private investors. This year, the barrier of startups’ entry into the program is having a turnover of 30 million rubles or more for the past three years. The program is designed for rapidly growing projects that have already designed a business model, have stable sales and are interested in finding major business partners. The accelerator intends to introduce startups to investors and assist in attracting investment.

Over the past three years, Moscow Agency of Innovations has launched acceleration programs on 13 tracks, in which 330 startups have taken part. The total volume of investment attracted by the accelerator’s graduates has exceeded 1.1 billion rubles.

The first track of the project was dedicated to IT technologies and organized in partnership with Yandex. The Digital Health track, dedicated to digital technology in health care, was organized with the assistance of Invitro, while Russian Railways was the project’s partner in the field of transportation.

The list of this year’s business partners of Moscow Accelerator includes over 20 companies, such as VTB, Gazprom Neft, Rostelecom, Magnit, Cherkizovo, MegaFon, MTS, Uralsib, Kaspersky Lab and some other corporations. The results for 2022 will be summed up in early December, and top twenty projects will be presented to investors, according to Deputy Mayor of Moscow Natalya Sergunina.