The project Up2ERP.Today has successfully passed the first stage of IIDF acceleration programme.
We are pleased to announce that our project has now successfully fulfilled the criteria for the first stage of the start-up acceleration programme, provided by the Internet Initiatives Development Fund (IIDF).
The Up2ERP.Today project comprises an additional language pack and localisation settings for the comprehensive 1C: ERP 2 system, which allows international companies operating in the CIS to quickly and seamlessly automate key business and accounting processes in line with national and international standards.
At this first stage of the acceleration programme, and thanks to our collaboration with IIDF experts, our team has already achieved a threefold increase in incoming requests and a proportional increase of received orders.
Following the initial results of this acceleration programme, our team plans to explore prospective niches for introducing the product to the international market, and also to provide potential customers with additional products and services to help them quickly master the solution not only in the representative offices of foreign companies in the CIS, but also far abroad.
You will recall that project Up2ERP.Today was selected in January from 700 applicants, to take part in the 11th IIDF business acceleration programme, along with other 23 start-ups. Within the programme, our team is undergoing an intensive training course to develop the project, working alongside IIDF experts.
The Internet Initiatives Development Fund is a Russian VC fund that provides early-stage tech startups with investment and an acceleration programme. The fund has over 260 startups in its portfolio. According to Dow Jones VentureSource data for 2014-2016, IIDF is one of the most active seed funds in Europe, by the number of deals.