MassChallenge Selects Three Russian Companies As Finalists

MassChallenge the world’s largest global start-up accelerator, recently announced the final list of 125 companies that will compete for over one million dollars in prize money to be awarded on October 23, 2012. Of the 1,237 applications received, only 125 finalists were selected and among them are... больше
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Дата публикации: 2012-12-11
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MassChallenge Selects Three Russian Companies As Finalists Press Release: RVC-USA – Wed, Jun 6, 2012 11:05 AM EDT BOSTON--(BUSINESS WIRE)-- MassChallenge, the world’s largest global start-up accelerator, recently announced the final list of 125 companies that will compete for over one million dollars in prize money to be awarded on October 23, 2012. Of the 1,237 applications received, only 125 finalists were selected and among them are the Russian companies CardioWave, Magru and Kernel Corp. MassChallenge offers startups the opportunity to compete on the global stage. Representing Russia, a country pivoting towards a more modern, innovation-driven economy, RVC-USA became a platinum sponsor of MassChallenge 2012 to help both Russian and American startups access the international resources available to them. In addition to serving as a platinum sponsor, RVC-USA will be sponsoring room and board for the selected Russian teams participating in the three-month accelerator program. "We are excited to see a significant increase in both the quantity and quality of Russian startups that applied this year," said Scott Bailey, Director of Partnerships, MassChallenge. "We look forward to having the three Russian teams join the program, collaborate with their peers, and access the pool of resources available within the community." RVC-USA is confident that the economic relationship between Russia and US will increase as a direct result of the exposing the strong talent and technology of the Russian workforce. “The global reach of MassChallenge startups proves the importance of international collaboration,” said Axel Tillmann, CEO of RVC-USA. “We are honored to assist in connecting this amalgamation of entrepreneurs to global resources that both Boston and MassChallenge provide.”

For more information on the three Russian companies please visit: CardioWave, developing a precise blood pressure monitoring telemedicine platform based on high-accuracy pulse wave sensors (http://masschallenge.org/profile/cardiowave) Magru, developing the technology, platform, and services that will revolutionize the publishing industry, catapulting it into the electronic age (http://masschallenge.org/profile/magru) Kernel Corp, developing the software to automate energy-efficient electric and cabling network systems design (http://masschallenge.org/profile/kernel-corp-llc) About RVC-USA RVC-USA, formerly known as Russian Venture Company USA, Inc., was established to act as a representative of RVC Moscow, a $1B fund of funds, to promote bilateral investment opportunities between Russia and the US. Combining the best of both worlds to develop groundbreaking technology solutions will present a critical opportunity for global success between Russia and the US. The firm is headquartered in Boston and has additional offices in San Francisco. For more information on RVC-USA please visit www.RVC-USA.com. About MassChallenge MassChallenge runs a $1M global startup accelerator and competition to catalyze the launch and success of high-growth, high-impact new businesses. The competition is open to any startup in the world, in any industry. MassChallenge is designed to identify, strengthen and facilitate funding for the world’s highest impact startups, and the judging criteria are focused on the entrant's proposed impact and their potential for success. Contact: For RVC-USA: Jeff Gulko, 857-284-7220 Jeff.Gulko@rvc-usa.com or For MassChallenge:

Jodi Tatiana Charles Jodi@MassChallenge.org

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