Retail

One of Russia’s largest retail companies is looking to work with start-ups in the UK.

Lenta andcorporate acceleratorGenerationSare invitingearly-stage companies to apply for a paid pilot scheme, withtheir solutionspotentially thenbeing implemented within Lenta’s chain of250 hypermarkets and 135 supermarkets inaround 90Russian cities.

Thecallincludesinternational startups in the USA, Europe, Israel, China and South Korea, with themain goaloffindingmature technology solutions foroptimisingthe retailer’s business in marketing, operations, logistics and supply chain management, as well as HR areas.

“We understand the local technology landscape and now looking for promising solutions in countries with the most advanced innovation ecosystem,” saidVladimir Sorokin, General Director, Lenta.

“Our goal is to identify breakthrough projects that will enable us to lead the technological leadership in retail in a number of areas.

“We are confident that the expertise and experience ofGenerationSwill help us in the implementation of this project.”

The main requirements forapplyingstartups are a legal entity, a team of not less thantwopeople and first salesorsuccessfully implemented pilot projectsin the field of retail.Teamsmustbe ready to pilot their projects in Russia.

Startupshaveuntil November8thto apply and can do so.

Accelerator experts willthenselect most promising projects, which will present their solutions at the pitch session to the management of Lenta.

Based on the results of the pitch session, the best teams will get the opportunity not only to start paid pilots, but also the possibility of long-term cooperation both with the company itself and with other corporations of theSevergroup– an Investment Group which also includes Lenta.

Ekaterina Petrova, Director ofGenerationS, said: “A joint project with such a large and significant Russian retail player as Lenta plays an important role forGenerationS. We already have a successful experience working together with international retailers, so cooperation with a Russian company will be a logical course and valuable experience for us in terms of getting new expertise.

Having deep knowledge and understanding of aspects of the innovation international market, as well as longstanding close cooperation with the international innovation ecosystem,GenerationSwill be able to use all the tools to find mature solutions.

Close collaboration with international startups will help Lenta to reach a new innovative level putting it on par with the largest European and Western retailers.