PwC Russia Accelerator

A programme that supports start-ups and scale-ups with global ambitions

What is the PwC Russia Accelerator?

The PwC Russia Accelerator is an accelerator programme for tech start-ups and scale-ups. Co-sponsored by YellowRockets.vc, the programme empowers talented founders to scale up their companies and provides them with access to the global VC community, as well as to PwC clients and partners.

Programme benefits

#PwCNetwork

We help you network with more than 3,000 PwC Russia clients.

#Uplift

Zero cost: We provide grants for pilot projects and cover the cost of your travel and accommodation in Moscow so that you can focus on the intensive work you will do during the programme.

#GoGlobal

Success story for future sales: We help you expand your client base and enter new global markets.

#TopMentors

We connect you with leading experts and mentors from PwC — a global consulting and assurance business leader — as well as with access to top corporate innovation teams and our deep network of investors.

#Partnership

PwC may offer partnerships to selected start-up teams that achieve certain KPIs. These partnerships could come in various forms (e.g., revenue sharing, licensing, subcontracting, white label).

#Investment

Post-programme investing options are available, including up to RUB 20m from YellowRockets.vc, Demo Day exposure and other investor connections.

With a history going back more than 100 years, PwC is one of the largest professional services firms on the global market today. PwC will help your start-up achieve a new level of maturity, expand your customer base and prepare you to conquer global markets.

Eligibility

Successful team

You need to have a minimum of two team members who are able to participate in the programme in Moscow, including a developer/engineer and a sales specialist. Relevant experience is appreciated.

MVP stage or higher

You need to have a market-ready product that is at least at the MVP stage (Minimum Viable Product, something you could offer to the market right now). Product/market fit is strongly preferred.

Commitment

We are looking for start-ups and scale-ups that could help us to offer a new generation of services for our clients and improve core business performance. Do keep in mind, however, that our focus is on start-ups and scale-ups rather than on small businesses.

Verticals and horizontals

Cybersecurity

Next generation firewalls, malware and anti-virus protection, email and DNS protection solutions, continuous IS risk assessment, personal data IS systems, digital identity, behavioural analysis, user managed access.

Online learning

Gamification, video editing, VR/AR in education, m-learning, microlearning, personal training.

RPA (robotic process automation)

Business process diagnostics, neural network-based recognition, smart classification, heavy computing.

Data science

Data analysis, visualisation, dashboarding, process intelligence.

Internet of Things (IoT)

Telecom, smart homes, smart transport, trade and financial services, industrial IoT, IoT in agribusiness, access to devices (ATMs, payment terminals) and M2M connectivity (sensors, etc.)

Artificial intelligence (AI)

Machine learning, digital assistants, chat bots, image recognition, cloud technology, natural language processing.

AR/VR

Digital modelling, prototype development and design, augmented reality in marketing, motion tracking, 3D controllers, feedback devices, live broadcasts.

Blockchain

Security, identification, smart contracts, PoA, scaling, personal account data management, blockchain ID.

Industry-focused solutions

  • Industrial safety
  • Food trust (tracking and tracing production, transportation and distribution systems)
  • Solutions to digitise legal and finance departments
  • Cost analysis
  • Digital twins
  • Mass media start-up, etc.

How was it? Statistics for two cohorts of the acceleration programme (2018-2020)

How was it? Statistics for two cohorts of the acceleration programme (2018-2020)

PwC Russia Accelerator (the first cohort)

250

applications

30

startups-participants during the selection day

263

applications

35

startups-participants during the selection day

16

accelerator participants

14

alumni

15

accelerator participants

13

alumni

PwC Russia Accelerator (the first cohort)

250
applications

30
startups-participants during
the selection day

16
accelerator participants

14
alumni

PwC Russia Accelerator (the second cohort)

263
applications

35
startups-participants during
the selection day

15
accelerator participants

13
alumni

PwC Russia Accelerator (the second cohort)

Two cohorts accomplishments

513

Applications

27

Alumni

12

Completed pilot projects

PwC Russia Accelerator alumni

FAQ

What is the PwC Russia Accelerator?

The PwC Russia Accelerator is an intensive accelerator programme for tech start-ups and scale-ups. The programme empowers talented founders to scale up their companies and provides access to the global VC community, as well as to PwC clients and partners.

What kind of companies do you accelerate?

We accept applications from all-stage start-ups across following technologies and industries:

  • • Cybersecurity;
  • • Online-learning;
  • • Data Science;
  • • RPA (Robotic Process Automation);
  • • IoT (Internet of Things);
  • • VR (Virtual Reality);
  • • AR (Augmented Reality);
  • • Blockchain;
  • • AI (Artificial Intelligence)
  • • Industry solutions (industrial safety; Food Trust, e.g. manufacturing, transportation and distribution traceability; solutions to digitise legal and finance departments; cost analysis; digital twins; media startups, etc.)

Is it necessary to be in Moscow during the programme?

Yes, the programme is held in Moscow. However, applicants may reside in any Russian region. The programme requires the physical presence of at least one founder during selection days and the first and second Deep Dives.

Does the PwC Russia Accelerator provide funding for start-ups?

Travel (across Russia and CIS) and accommodation (in Moscow) expenses will be reimbursed for residents of other cities during the first and second in-person stages of the programme only for those who are accepted into the programme. Start-ups do not receive any upfront funding but do have the opportunity to compete for a zero-equity cash grant of RUB 100,000 (net) to develop a pilot project together with PwC at the start of the programme (50% upon entry to the first stage of the programme and 50% upon entry to the second stage). Participants (not more than two team members) get a free coworking space during the second in-person stage of the programme in Moscow (the second Deep Dive).

What are the selection criteria for the programme?

Start-ups/scale-ups are eligible for the programme if:

  • • they are in line with the priority technologies and industries;
  • • they are at the MVP+ stage and have the potenital to solve issues for a specific target client (e.g. PwC or a corporate client of PwC);
  • • the team includes employees with key competencies (an entrepreneur and a technical expert);
  • • the participants are ready for active in-person and remote participation in all programme events.

Legal entities as well as individuals may apply. If your startup exceeds these guidelines, we still recommend that you apply for the accelerator programme.

How does the accelerator work and what is the time commitment for startups in the programme?

The PwC Russia Accelerator includes the following stages:

  • • in-person selection of companies in Moscow (two days);
  • • the first in-person stage (four days) in Moscow (the first Deep Dive);
  • • remote work with mentors for three months (we will select companies to be included in the second stage of the programme based on the results of the remote work);
  • • the second in-person stage in Moscow (the second Deep Dive), including a Demo Day.

During the programme, you will work with leading PwC experts in business modelling, sales, pitching, access to international markets, etc. We expect active and consistent engagement in the accelerator programme. This requires the physical presence of at least one founder during selection days and the first and second Deep Dives.

When will I know if my start-up has been selected?

We will notify you about selection results by 23:59 (Moscow time) on 15 November 2019. Our representative will call you if your company has been selected and invite you for the in-person selection interviews. If you fail to receive a letter, please check your spam folder or send a message to pwc@yrockets.com.

What is the logistics for the in-person selection?

The in-person selection will take place on 2-3 December at PwC's office (White Square Office Centre, 10 Butyrsky Val, Belorusskaya metro station). For the selection stage, participants will travel at their own expense. Selected teams will stay in Moscow for the in-person stage of the programme. Therefore, we suggest buying a refundable return ticket.

What documents do I need to sign?

If your company is selected at the in-person selection stage, you will be asked to sign a standard NDA. Participants selected for the programme will also sign acceleration contracts and grant contracts.

What are the benefits for programme participants?

  • During the acceleration programme, you will build relationships with PwC and our clients, including both Russian and international companies.
  • We can help you to expand your customer base and enter global markets.
  • You will receive expert advice from PwC and YellowRockets.vc. venture fund.
  • PwC may offer cooperation to selected start-up teams that achieve certain KPIs.
  • Post-programme investing option are available: up to RUB 20m from YellowRockets.vc, Demo Day exposure and other investor connections.
  • We will share information about accelerator alumni on our website.

What should I do if I encounter a technical issue when filling in the application for the accelerator?

Please send a letter about the issue to pwc@yrockets.com.

What is the participation fee for the programme?

The programme is free of charge for selected companies (equity free).

What is the working language of the programme?

Russian

I have additional questions. Who can answer them?

Please write to us at: pwc@yrockets.com.

Gallery

Contact us

Alexei Okishev

Partner, Technology Leader, PwC Russia

Tel: +7 (495) 967 6000

Pavel Veselovskiy

Manager, Technology Practice, PwC Russia

Tel: +7 (963) 661 7025

Anna Smischenko-Mironova

Head of communications, PwC Russia

Tel: +7 (495) 967 6172

Liliya Meshcheryakova

Coordinator on work with alumni startups/scaleups, PwC Russia

Tel: +7 (903) 961 2829

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