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FIBR GROUP. Новости.
08.07.11  

Results of the National BIT 2011 competition



LinguaLeo, a web-based foreign-language learning service, has been voted the winner in the National BIT 2011 competition, held in Moscow on July 1st. A total of 680 Russian start-ups have submitted their applications to the competition.

The final show of BIT 2011 has brought together 13 business projects in web-servicing, 3D technology, navigation and telecommunication technology. The 3 million rubles’ prize fund has been awarded to the competitors in accordance with the distribution of the jury’s votes.

The winner has received RUB 506 thousand. LinguaLeo provides its services to nearly 90 thousand users and is planning to expand to the Asian and European markets.

The first runner-up is Maxygen, a project for development of portable devices for DNA-based infection diagnosis.

The second runner-up is the “Life Button” project – as start-up engaged in development of portable emergency communication devices for aged people. The service makes it possible for its user to inform their relatives of an emergency situation.

The remaining amount of the prize fund has been divied between ten projects representing Moscow, Saint-Petersburg and other cities. The majority of the competing start-ups have been founded by university students. The FilLis project, the second runner-up of BIT Siberia 2011, has been awarded a RUB 150 thousand prize.

Source: UNOVA