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Home » Innovation » B2B » Russian Kuznech wins IDCEE startup competition, well deserved

Russian Kuznech wins IDCEE startup competition, well deserved



startup russia, startup czech republic

Posted by: Natasha Starkell  Tags: idcee,kuznech  Posted date:  October 23, 2012  |  No comment


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I was waiting for  the Russian Kuznech to start making headlines in the Russian startup press for a while, but it is just this week that the news came in that the company won the startup competition of the IDCEE – the Investor Day CEE conference that took place in Kiev, Ukraine last week.

Kuznech’s angel investor and the key front man Pavel Cherkashin has previously pitched the startup at the TechCrunch Moscow. I have been DM-ing furiously at one of the judges on stage hoping to have the startup in the lead poll position, but alas my karma was not influential enough. Finally, the well-funded technology company that took on a challenge of the image-based search, has received a well-deserved, in my humble opinion, recognition at this startup event.

So, image search? I see so many applications, but it must be fast and easy to use. Most applicable for the store-type search, looking for shoes, to use the first example that comes to mind. Imagga in Bulgaria is solving a similar problem.

What’s more, Kuznech has this neat tech called Tagin, which helps place links and tags with prices and a shopping cart within an image – an inspiration-based shopping. The technology is commercially available. As the IDCEE winner Kuznech took 15,000 Euro prize.

Other finalists of the IDCEE startup competition included:

  • A Russian startup Flocktory, which  offers a social marketing referral platform. It reminded me a little of the Czech startup BrandEmbassy. It won 10,000 Euros.
  • Czech realPad is an iPad app for residential developers to help cut costs and sell more. The startup picked up 5000 Euros.

I regret I did not attend the conference. Maybe next year.

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About the author
Natasha Starkell
Twitter LinkedIn Facebook  Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.



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