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Siberian high tech company teams up with Singapore’s HaxAsia to launch local “fund-accelerator”

Just one year after Russia saw the launch of its first hardware-oriented accelerator, DI Group, a Tomsk, Siberia-based high tech group, has launched a “venture fund-accelerator” targeting startups in the fields of smartphones, electronics, gadgets and Internet projects.

The acceleration program of up to six months encompasses the industrial design and the marketing aspects of each project, as reported by local innovation portal Inotomsk.ru. The “venture fund-accelerator” may invest up to 8 million rubles (approximately $120,000 at the current exchange rate) in a startup, in addition to helping teams launch crowdfunding campaigns.

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