Russian Flexible Electronics Center from TechnoSpark wins in Goznak Accelerator

12 October 2020

The Russian Center for Flexible Electronics (part of the TechnoSpark Group of Companies of the RUSNANO’s Fund for Infrastructure and Educational Programs) has become one of the finalists of the corporate accelerator program of the Goznak state-owned company and received a strategic partnership proposal.

As part of the GOZNAK STARTUP LAB accelerator, TechnoSpark has worked out options for using various components of flexible electronics in the Goznak products, as well as testing them in the state-owned company’s process. As a result of the corporate accelerator program, the companies have started a strategic partnership and plan to work together on new products created with the help of flexible thin-film electronics technologies.

The selection of projects for the GOZNAK STARTUP LAB accelerator was supported by the Agency for Strategic Initiatives (ASI) from April to June 2020. The jury received 179 applications from technology teams, 10 of which were able to participate in the accelerator program. Only four startups reached the finals and received proposals in October 2020 on various options for the strategic partnership with Goznak.

“After the accelerator, we got an interesting experience of interaction with the innovative entrepreneurial environment. I am convinced that this is an important tool for generating promising ideas and developing the technology of the corporation,” said Yuri Volodin, Head of the Accelerator and Director of Strategic Development at Goznak.

Opened at TechnoSpark in March 2020, the Russian Flexible Electronics Center is an industrial production of components based on breakthrough thin-film plastic electronics technology for a wide range of electronic devices such as displays, sensors, and integrated chips. A new technology cluster for flexible and printed electronics is being formed in the company’s orbit.

Reference

The Fund for Infrastructure and Educational Programs was established in 2010 in accordance with Federal Law No. 211-FZ “On reorganization of the Russian Corporation of Nanotechnologies.” The Fund aims to develop the innovative infrastructure in the sphere of nanotechnology and implement the educational and infrastructure programs already started by RUSNANO.

The supreme collegial management body of the Fund is the Supervisory Board. Under the Fund’s Charter, the competence of the Supervisory Council, in particular, includes the issues of determining the priority directions of the Fund’s activity, as well as its strategy and budget. The Chairman of the Fund’s Executive Board, the collegial management body, is the Chairman of the Board of Management Company RUSNANO LLC Sergey Kulikov.

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The TechnoSpark Group of Companies, a part of the investment network of the Fund for Infrastructure and Educational Programs, is involved in all aspects of venture creation: from establishing a start-up to its sale. The TechnoSpark Group of Companies is in the hardware industry, working in areas, such as robotics in logistics, energy storage systems, hi-tech medical equipment, diamond optics, braided composites, optical and industrial surfaces, genomics, industrial microbiology, thin-film integrated photovoltaics, additive technologies and flexible electronics. The Group of Companies is in first place according to the National rating of Russia’s most effective technology parks and was included in the National Rating of Russian Fast-growing Technology Companies, TechUp 2019. It is also a part of the community of startup studios, the Global Startup Studio Network (GSSN).

For more information about the company, visit technospark.ru

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The Russian Center for Flexible Electronics (international brand—TEN Flecs) produces key components for a wide range of devices—TFT matrix (thin-film transistor matrix) for screens (e-paper, LCD screens, OLED screens), sensors (biometric sensors, X-ray detectors, etc.), as well as integrated chips for radio frequency tags and sensors on an industrial scale. Russia’s first industrial production of flexible electronics was opened in March 2020, and the plant is located on the TechnoSpark campus in New Moscow (Troitsk).