Accelerator of Tatneft

2019: Start

On December 9, 2019 Tatneft started an accelerator for chemical and biotechnical-startups. It is the joint project with Pulsar Venture Capital fund.

For the selected companies will develop the individual investment plan, the strategy of development of entry into the market, the plan of the organization of full-scale production and or the individual format of interaction is offered.

The startups representing Russia and foreign countries in the Biotechnologies and Industrial Chemistry directions will be selected. The first program of acceleration began on December 9, 2019 and will last till February 29 of the 2020th. Investments into the project are estimated at $60 million according to the results of the first year of work.

Tatneft optimizes implementation of startups using an accelerator

For hit in an accelerator the product should meet several key requirements among which:

• readiness for industrial implementation,
• innovation, technology feasibility,
• scalability for international market,
• the project should have a command.

We set the task to make our production a standard of security and environmental friendliness and to create clusters of the latest safe and waste-free productions in Tatarstan — the CEO of PJSC Tatneft Nail Maganov says. — The technology radar for search of the innovative solutions is for this purpose started. As the strategic investor the Company is ready to implement joint pilot projects on creation of safe goods, products and services.

It is noted that the startup should go to an accelerator for several reasons. The formalized approach of venture funds to examination and assessment of requests practically excludes or significantly complicates possibilities of investment for not enough developed startups, the accelerator helps with acceleration of product output on the market or scaling of business of a startup. For several months of participation in a business accelerator the startup can receive the first clients and increase sales.^[1]

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