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

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

Thu, 6/09/2018 - 18:11

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

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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.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.