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.