July 10 will start a program of dynamic development of IT- fund startups AddVenture, whose purpose - to support projects at an early stage, to help teams make the first step toward realizing their own business ideas. AddVenture calls itself the first in Russia to fund business angel, focusing on IT- startups early stages, will invest $ 50-300 thousand per project.
' On a competitive basis, the fund will select the 8.10 most interesting and promising projects that will provide them with 10 000 - 50 000 dollars and will help teams to start-ups within three months of active development of business in the office 2. 0 on the basis of the Trinity Business Incubator and Science Park of Moscow State University ', the press service of AddVenture.
At an early stage of development, the company will have: to form an active command, a beta version or prototype of a future product, service, service, achieve first sales or conclude an agreement of intent, to begin to develop dynamically, and to draw on the results of further investment in its own project.
Winners will be announced August 3rd, 2008 at a conference in 2008 iCamp. Particularly promising areas of the fund believes mobile applications, including iPhone apps and SaaS ( Software as a Service). However, investments can qualify for original projects in other areas.
Among the experts, the program that will assist in the work of teams of startups, top managers of IT-companies (Vladimir Dolgov - Head of Google Russia, ex -director Ozon. ru), investors (Nicholas Mityushin - Director of the ABRT, the founder of a startup vsevteme. ru), entrepreneurs ( Stas Vonog - the founder of a startup Musigy, winner of the Imagine Cup) and other.
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