PRODUCT-TEST COMES IN SECOND PLACE AT StartupPoint #34
Business Incubator resident Product-Test won second place at “StartupPoint #34” in Moscow on Thursday, 21 June.
Organized by StartupPoint.ru -- Russia's largest and oldest platform helping to connect startups with venture capital -- the event including coaching sessions with industry experts and startups, followed by two rounds of presentations before experts, investors, and an audience.
Twenty-three startups took place in the event, of which 11 moved on to the final round.
In the final round, every member of the audience was given imaginary money worth $1 million to “invest” in the startups. Product-Test received $27 million of such investment, or 27 votes, finishing just a point behind the winning goodwillion, an existing service that distributes its profits to children with diseases, which received 28 votes.
As a prize, Product-Test received free management system worth 3 million ad illuminations from AdFox. Most importantly however, the team was swamped with questions by IT experts and investors after the presentation, all trying to find out more about the project.