Experts of RWM Capital Asset Management participated in the Day of projects selection of the Fund for Internet Initiatives Development (FIID), during which a hundred of the best teams from all over Russia, which passed preliminary interviews, presented their IT-developments.
The projects presented by the teams were evaluated by specialist from FIID and by invited external experts from the largest venture capital funds and business structures. According to the results of the Day the experts selected 50 projects, which were offered an offline accelerator. The teams will receive upfront investments in the amount of 1 mln roubles and will cooperate with FIID in the course of a three-month business programme in Moscow.
“Our company specializes in early stage venture capital investments, - says Felix Blinov, the Managing Director of RWM Capital Asset Management. – We experienced an acute shortage of well-developed projects, therefore we think that appearance of such a big player as FIID will facilitate the Russian venture industry development in general. We are pleased that the experts of RWM Capital Asset Management were invited to participate in selection for the First accelerator of FIID. I can safely say that for us the participation was very interesting and useful. I hope that our opinion and our vote for this or other project will help to promote and develop the top range at the Russian venture capital market.”
