Energomash Conducted Russian Space Industry’s First Business Accelerator

MOSCOW (Roscosmos PR) — At the beginning of last year, the Energomash Scientific and Production Association named after academician V.P. Glushko (part of the Roscosmos State Corporation) together with the Skolkovo Foundation organized a project unique for the Russian space industry. The idea was to attract small innovative companies and development teams to cooperation and create promising technologies, or, in modern terms, startups.

This approach to the search for breakthrough ideas and talents is widely practiced in the IT, fintech sphere and is called a business accelerator. Vitaly Serikov, head of the marketing and sales department of NPO Energomash, says that in this case it was about the search for innovative projects in three areas and their adaptation to the requirements of the enterprise.

“Our task is to get either new technologies, or a competitive product in our portfolio, or master a new business line upon completion of the acceleration program,” explains the manager. “The main goal is to ensure financial growth and consolidate competitive advantages.”