We’re happy to announce that Uploadcare made it to the finals of Kryptonite Startup Challenge, a Russian competition for technology startups held by Kryptonite Investment Company (ICS Holding). Along with the other 9 finalists, we’ll have a chance to compete for the $133,000 prize fund as well as expert consultations on further development and scaling.
This year, 529 innovative Russian startups took part in the competition. Scientists, business experts and developers examined them to identify the most promising projects of the year and help one of them with further development. To make a decision, they evaluated the innovativeness, team, market potential, competitive advantage, and business model of each project.
"This year we have strengthened our expertise when evaluating startups at the stage of selecting finalists. The diagnostic sessions that we conducted over the summer helped to take a closer look at projects and technologies, as well as get to know the teams better."
Danil Zharikov, Director of Investment Projects, Kryptonite Investment Company
After evaluating all the factors, they have selected 10 finalists who are developing innovative solutions for medicine, agriculture, retail, urban environment, banking and telecommunications. Among the projects submitted, there are an AI-based radiology platform, a data verification and preparation platform for machine learning in medicine, 5xx series innovative 5D printing technologies, an AI-powered omnichannel chat platform and more.
Besides funding, the winner will get a complete diagnostic of their project, expert recommendations, and a chance to launch a pilot based on ICS Holding.
The finals will be held this autumn. During the offline event, all finalists will present their projects to the judges: the heads of the largest corporations in Russia, including ICS Holding, USM Management, Almaz Capital Partners, and Mail.ru.
Wish us luck and stay tuned for more news on our progress at Kryptonite Startup Challenge 2020!
The Uploadcare Team