Moscow [Russia], February 20: Sber is announcing the start of the seventh batch of Sber500, an international seed accelerator for technology startups from Russia and abroad.

The seed accelerator invites startups with finished products or breakthrough DeepTech projects at earlier stages that can contribute to the long-term development of key sectors of the economy. Some of the tech priorities are generative artificial intelligence, robotics, new materials, and other science-driven fields with high scaling potential. Special attention is given to international startups seeking to grow their business and raise investments in Russia.

The seed accelerator program will last for 12 weeks and will be conducted in English. The first stage — an online boot camp — will bring together 150 teams to shape or rethink their strategy and product, as well as propose a strategy for applying their solutions within the Sber ecosystem.

Following the boot camp selection stage, the top 25 teams will proceed into the main program to work with international mentors and Sber500 partners from among investors and large companies. The final stage of the accelerator is a demo day at the Moscow Startup Summit in the fall of 2026, where startups will pitch their solutions to the leaders of major corporations, venture fund partners, and government officials.

Alexander Vedyakhin, first deputy chairman of the Executive Board, Sberbank:

“Sber500 is a unique project for the Russian market. It combines the interests of investors, corporate partners, the state, and, of course, Sber itself. For us, it is an opportunity to build a community of technology partners around us and significantly accelerate the marketing of new products. For startups, it is a chance to acquire a client and test the viability of their product on a large infrastructure.

“Sber500 teams pitch their solutions to 70 venture investors, funds, more than 30 customers, and negotiate partnerships with Sber companies. Graduates of the previous six batches raised RUB 1 bn (USD 13 mn) in investments in 2025 alone, which is approximately 14% of the Russian venture market in 2025, according to Venture Guide. All investments in the 155 graduates of the accelerator over six years surpassed RUB 4.6 bn (USD 60 mn), while their revenue grew on average four-fold within two years after the accelerator. In some cases, it soars by up to 1,000 times.”

ITM (SLS) Baroda University, Vadodara, successfully organized CRE8-24: The Art and Science of Innovation at its university campus on Friday, 4th October. The event witnessed participation from over 1,000 students hailing from more than 30 prestigious schools.

CRE8-24 featured a diverse lineup of activities aimed at promoting science, technology, and innovation among young students. Key competitions included Working and Static Model Displays, Shark Tank Junior, Scavenger Hunt, and a Management Quiz. In addition, workshops on trending topics such as ChatGPT, Artificial Intelligence, Robotics, Cyber Security, Data Analytics, and Eco-Craft were conducted, providing participants with hands-on learning experiences.

The event was judged by an esteemed panel, including Dr. A. K. Tiwari (Ph.D., IIT-Bombay), Shri Jaimin Desai (Deputy Director, SAC-ISRO), along with other distinguished academicians and senior industrialists from Vadodara.

Students showcased innovative models ranging from robotics, wind turbines, earthquake detectors, water purification systems, to automated irrigation systems. CRE8-24 was designed to ignite a passion for science and innovation at an early age, encouraging students to continue their journey toward making significant contributions to the nation’s progress in these fields.

After a comprehensive evaluation, cash prizes totaling Rs51,000, along with trophies and certificates, were awarded to the winning participants. All attendees received participation certificates.

The event concluded with a closing address by Shri Jaimin Desai, Deputy Director of SAC-ISRO, who expressed his gratitude to the university’s management, congratulated the participants, and extended an open invitation for them to visit SAC-ISRO in Ahmedabad.

University President Shri Kanupriya Singh remarked, “The students have showcased tremendous potential and are ahead of their time in terms of their passion for science and innovation. These students can make a mark on the global stage, provided they are given platforms like CRE8.”