The SumIT program is hosted by one of the top 15 universities in Russia – St. Petersburg National Research University of Information Technologies, Mechanics and Optics (ITMO). It follows the Lean Startup method and includes seminars and working sessions on technology entrepreneurship in general and as it is practiced in Russia. During the program, teams also meet with consultants and mentors to develop their business plan. The program concludes with a Demo Day, where teams pitch their idea to Russian and foreign venture capitalists with potential for future funding.
The UCLA EURECA program funds a student startup team to participate in the ITMO SumIT Startup Marathon hosted each summer in St. Petersburg, Russia.
Who is eligible: UCLA undergraduate and graduate students from all majors and professional schools
Funding covers: travel, lodging and meal expenses for up to three team members, current UCLA students only.
A UCLA Russian Flagship student will accompany the team during travel to assist with translation, language and culture.
Application can be found at http://eureca.ucla.edu/eureca/article/136497
SumIT 2014 Flyer