To Investor

From IT to cleantech to biotechnology, BIT contest elicits innovation across Russia

BIT Contest, the largest tech contest in Russia and neighboringcountries, is holding this year its 10th edition with a richer andmore international format. Inspired by the MIT $100K competition,BIT contests — short for Business of Innovative Technologies — wereorganized for the first time in 2003 within Russia’s mostprestigious business and technicaluniversities.

Up to 1,500 applications are expected this year from all Russianregions as well as from neighboring Belarus, Kazakhstan andUkraine.

The finale will be held in Moscow on Nov. 1.

Number of applicants at BITContest


With its specialized sections and nominations, BIT covers a widerange of innovation fields:

  • Biotechnology and medicine

  • Consumer products

  • Energy saving technology

  • High tech industrial equipment

  • Internet

  • Publishing and entertainment technologies

  • New materials

  • Nanotechnology

  • Natural resources, ecology, clean tech

  • Software

  • Telecom and mobile

  • A special nomination, ‘Global Track,’ has been designed to identifystartups with the strongest internationalpotential.

The BIT prize fund totals 3 million rubles, or approximately$100,000, not counting prize funds of regional stages and a numberof various benefits from the sponsors of thecontest.

A window to the global market

A novelty of this year, the semi-flinalists will be offered abusiness acceleration program including 12 online seminars ontechnological entrepreneurship, with the participation ofauthoritiative Russian and foreign experts and further support fromtutors and mentors.


The contest attracts growing attention from international businesscircles. Since 2010, BIT’s Observation Council has been headed byRichard Kivel, President and Chairman of the MIT Enterprise Forum.This year, the event will benefit from an in-depth coverage inEnglish by,the English-langauge resource on Russian digital industries, and aspecial partnership with,one of the most influential international techpublications.

Foreign investors and journalists will be offered specialassistance to get introduced to the most interesting startups andteams.

The competition is supported by RVC, the state owned fund of fundsdedicated to financing innovation, as well as Skolkovo, theworld-class innovation hub nearing completion near Moscow.The list of BIT-2013 sponsors include Intel, IBM, Microsoft,Icominvest, OMZ, Aeroflot, Moscow Business School and othercompanies. 


The semi-finalists BIT of the two last years have attracted intotal more than $25 million in investment. Among them areLinguaLeo, a Russian startup with a web service that teachesEnglish using popular TV serials, books and contextual dialogues.Last year, the companyfor international expansion.

For more information, please contact NatalyaTsarevskaya-Dyakina





General sponsor: