The Latest Entrepreneurship Innovation Isn't From Silicon Valley, But Moscow


Bangalore: The latest innovation in entrepreneurship isn’t coming from Silicon Valley, but Moscow. Lawrence Wright and his hard working team at the Moscow School of Management SKOLKOVO, Russia’s premier private business school (not to be confused with the government-backed Skolkovo Foundation), have been pioneering a new method to create better-trained startups (Based on a methodology developed over last decade by Steve Blank and now taught at Stanford, Berkeley, Caltech, Columbia, and Princeton). “Unless we address the basic issue of entrepreneurial competency, startups will never increase their success rate,” says Lawrence, who is the Zimin Chair for Entrepreneurial Leadership and Director of Startup Academy.

“Only a few of the hundreds of accelerators out there are successful. We offer a lot more value at a lot lower price than they.”

Over the past year, Startup Academy, a 10-week program fusing business acceleration with highly practical skill development, has applied its method to 67 startup founders. The result is a group of highly successful startups with a valuation in excess of $35M, some of whom have already raised seed and venture capital (nearly $4M), created jobs (about 200), and is gathering the attention of local investors.

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Source: Business Wire India