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Results of the National BIT 2011 competition



LinguaLeo, a web-based foreign-language learning service, has been voted the winner in the National BIT 2011 competition, held in Moscow on July 1st. A total of 680 Russian start-ups have submitted their applications to the competition.

The final show of BIT 2011 has brought together 13 business projects in web-servicing, 3D technology, navigation and telecommunication technology. The 3 million rubles’ prize fund has been awarded to the competitors in accordance with the distribution of the jury’s votes.

The winner has received RUB 506 thousand. LinguaLeo provides its services to nearly 90 thousand users and is planning to expand to the Asian and European markets.

The first runner-up is Maxygen, a project for development of portable devices for DNA-based infection diagnosis.

The second runner-up is the “Life Button” project – as start-up engaged in development of portable emergency communication devices for aged people. The service makes it possible for its user to inform their relatives of an emergency situation.

The remaining amount of the prize fund has been divied between ten projects representing Moscow, Saint-Petersburg and other cities. The majority of the competing start-ups have been founded by university students. The FilLis project, the second runner-up of BIT Siberia 2011, has been awarded a RUB 150 thousand prize.

Source: UNOVA


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  • January 15 – The coordination committee of BIT Siberia 2010 approves the list of the 17 projects which qualify for the final competition.
  • Friday, November 18 – OJSC IMC FiBr and MICEX Stock Exchange has signed the Sponsorship contract for the Business of Innovation and Technology in Siberia competition. The MICEX Stock Exchange will be supporting the competition as the Title Sponsor.
  • The “Iron Entrepreneur” business game will conclude the first stage of the open educational program within the framework of the business ideas competition “Business of Innovative Technologies in Siberia 2009”. The game will be held in the TUSUR Students Business Incubator “Druzhba” on March 14. The game will start at 11.00.
  • On June, 17 the final of competition “Business of Innovation Technologies – 2008” took place in Moscow. It is held in Russia for the fifth time as an analog of famous entrepreneurial competition MIT $100K established by Massachusetts Institute of Technology (USA).
  • The finalists of competition “BIT – 2008” are announced.
  • The finalists of the “BIT Siberia – 2008” competition completed training for the educational program “business-planning in “Project Expert”.
  • The conference “Successful growth and investment strategies” took place in Novosibirsk on April 24. The organizer of conference was company “MARCHMONT Capital Partners”. Such conferences are held monthly in different cities of Russia. Their purpose is to give an opportunity to businessmen and entrepreneurs for an exchange of company development experience. Such a conferences help to all members of business community to get more information about new business tendencies and discuss them.
  • On March, 28th in the House of Scientists the finale of the competition “Business Of Innovative Technologies In Siberia – 2008” took place.
  • On March 22 business game “Iron entrepreneur” took place in the frames of the competition “Business Of Innovative Technologies In Siberia – 2008”
  • The voting of the jury lasted for 10 days. The jury included representatives of the large Russian and Tomsk companies working in sphere of innovations, IT and consulting, and also representatives of leading Siberian high schools. The voting was absentee, each judge examined applications of projects online in the Internet, left the recommendations and bore a verdict. At the meeting of organizing committee verdicts of 10 projects-finalists have been approved.
  • The main objective of the first stage of educational program is a help in competent registration of the project application (executive summary). In fact the application has items which already at the initial stage require of participants exact understanding for commercialization process of their ideas.
  • This year the All-Russian entrepreneurial competitions “Business of Innovation Technologies” will be carried out for the fifth time. It is based on the principals of the “MIT $100K”, the most successful business competition in the world, which was established by Massachusetts Institute of Technology (MIT). This is not a competition of innovation ideas, but a competition of business-plans and teams, which can transform good ideas into successful business.
    There are regional stages of BIT: “BIT Far East”, “BIT Volga Region”, “BIT StP”. And“BIT Siberia” will take place in Russia for the first time.
    Innovators, hi-tech projectors, business-planners, students and graduates HURRY UP to form your teams and we will help you to turn good ideas to successful business! You can make application up to 1 February.

       
    Activities
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          BIT Siberia 2011
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