The National Association of Innovations and Development of Information Technologies (NAIR-IT) and the Russian Venture Company (RVC) have announced the end of the contest “Startups That will Change the World”, innovation and venture news source UNOVA reports.
The winner of the contest is Maksim Panachov from Ekaterinburg, Sverdlovsk region, and he has received a check for $3,000.
The authors of 12 more projects received special prizes as six-month free memberships in NAIR-IT.
The main goal of the contest was to support Russian IT-startups that have potential of becoming breakthrough and bringing positive change to the surrounding world.
Under the contest conditions, the candidates were to submit an essay on how their IT-startups can change the world and what use it can bring to people. The winner was selected by an expert commission.
Over 100 essays were submitted at the contest. Out of these, 60 best ones were selected and continued competing for the main prize.
Maksim Panachov wrote the essay “Searching Images in the Emotional Perception Dimensions”. His project is on creation of an intellectual system that provides emotional assessment of an image. If the idea is brought to life it could drastically simplify and specify the process of searching for images on their content. The system is capable of self-updates according to a customer’s tastes, preferences and style.
The market of such solutions may reach several billion dollars, the experts say.
“It was hard for us to define the winner. The contest showed that a lot of Russian inventors could think out-of-the-box. And that is one of the major factors of success of an innovative project,” Olga Uskova, the president of the NAIR-IT said.
The National Association of Innovations and Development of Information Technologies (NAIR-IT) was founded in 2006 under the presidential program of innovations support in Russia. The NAIR-IT goals are consolidation of innovative potential in Russia, organization of cooperation between the association members and representatives of venture funds, assisting funds in choosing priority targets for distributing finance.