Sberbank Teams Up with 500 Startups to Support Best Russia’s IT projects

article image
Yuri Molchan
Sberbank and 500 Startups plan to create a development program to support Russian startups, among which will be those majoring in blockchain. They will choose 25 teams
Sberbank Teams Up with 500 Startups to Support Best Russia’s IT projects
Cover image via U.Today
Read U.TODAY on
Google News

Sberbank and 500 Startups plan to create a development program to support Russian startups, among which will be those majoring in blockchain. They will choose around twenty-five teams.

Selection will be made before 6 October. The acceleration program is intended to last thirteen weeks and the startups will receive funds in the amount of 10 mln RUB.

The lucky winners will also be able to promote their projects in the Sberbank ecosystem and among the partners of the program. The first stage will include lectures and seminars in Moscow, taught by the tutors from the accelerator company. Afterwards seven best startups will be selected to be sent to Silicon Valley for further development and promotion of their projects.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.