OMK Launches Technology Startup Accelerator

The United Metallurgical Company (AO OMK) is launching OMK Tech Accelerator which will look for promising new technology startups for the industrial sector. Competition finalists offering the most interesting technology proposals that have been proven effective will be given the opportunity to implement pilot projects at OMK and possibly to scale them up.

Based on the outcomes of the accelerator, the competition judges, including OMK executives, will select the 10 most promising technology startups. All finalists will have access to OMK funding (up to RUB 1 million) and mentorship as well as those from Winno, an international innovation accelerator and an investment fund serving as third-party expert in promoting the project. The selected teams will also have access to the capabilities offered by the OMK digital ecosystems.

Winners will be able to develop their technology solutions further under contract with OMK and will present to OMK executives in Moscow on September 3, 2021.

The program is open to two types of participant: undergraduate and graduate students looking for a research grant of RUB 500,000 as well as startups that already have a design. This will require the participants to complete an application and a presentation template as well as to select which of the following areas their solution applies to:

  • Digital transformation and IT: artificial intelligence and big data processing with respect to industrial installations; computer vision and automated image processing; manufacturing process digital twins, process automation and robotization, etc.
  • Manufacturing technologies: innovative welding processes, environmental safety and steel waste recycling; other solutions in steelmaking and casting, hot-rolling of plate, pipe manufacture, and other OMK processes, etc.
  • New markets and products: products for the oil and gas sector manufactured using adaptive technologies, management of integrated deliveries to customers, including turnkey projects, other products for customers and new markets for OMK.

Applications for the accelerator are being accepted until May 15:

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