Project of Triniti Company received funding from the Russian-Belarusian Venture Investment Fund
The Russian-Belarusian Venture Investment Fund (RBFWI) will send more than 800 thousand Belarusian rubles for the implementation of the first "pilot" project for the production of a rehabilitation station (kinesis simulator) of Trinity Company. This decision is contained in the agreement on the key terms of the project financing, which was approved today by Alexander Shumilin, Chairman of the State Committee on Science and Technology of the Republic of Belarus, and Oleg Fomichev, State Secretary and Deputy Minister of Economic Development of the Russian Federation.
The project is at the intersection of the medical instrumentation and the information technology and is aimed at developing a simulator for the rehabilitation of motor and coordination disorders (primarily, for the people who suffered a stroke). The products will be available to a wide range of consumers by its working and price characteristics. It is expected that the funding for this project will be started this year, and in 2018 RBVIF will finance 5 more venture projects.
The Russian-Belarusian Venture Investment Fund was established in December 2016 within the Belarusian-Russian economic cooperation. Its volume is 1.4 billion Russian rubles (24.3 million USD): 50% of the project is of the Belarusian side and 50% is of the Russian side. The investment focus of the fund is companies that have an innovative technology based on its product / service and having the potential to sell on a single market in Russia and Belarus. Currently, experts consider about 60 investment applications, including 6 applications totaling 14.5 million Belarusian rubles, submitted this year. It is expected to consider 8 more investment applications at the next meeting of the investment committee (in October).
According to Alexander Shumilin, the cooperation with RVC within RBVIF is an important component in the formation of a national venture ecosystem in Belarus. ‘We created the first venture fund, which focuses on the projects based on Belarusian developments and technologies, and which have the prospect of cooperation and scaling within the Belarusian-Russian economic cooperation,’ he said.
It should be noted that RVC is a leader in the CIS countries in the field of development of venture financing. The company manages 26 funds with a total volume of more than 600 million USD (the share of RVC funds is more than 60%). During 11 years of the company's existence, RVC funds approved over 200 innovative companies for investment.
The information on the Triniti project: the project develops a simulator for an accessible rehabilitation and a restoration of motor and coordination disorders in neurorehabilitation, traumatology, orthopedics, pediatrics and sports medicine. TRiNiTi stimulates the muscle-articular receptors and methodically programs 20 images of habitual movements.
The innovation of the technology is based on the patented design of a remotely controlled "two-layer exoskeleton" and a program for selecting an individual rehabilitation scheme, which made it possible to create an economically accessible and multifunctional product with a personalized approach to the patient.
In 2015, the project became one of the winners (the 3rd place) of the National Contest of Innovative Projects in the nomination "Best Youth Project", which is annually held by the State Committee on Science and Technology to stimulate the innovative activity of Belarusian developers.
In 2017 the company-developer of the project of the LLC "Kinideks" became a new resident of the Minsk City Technological Park (the administration of the technological park concluded a contract oт intent with the new resident on September 6).