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Life Button was awarded a grant for the Social Button

17.08.2012

Life Button was awarded a grant for the Social Button
The “Social Button” startup project launched within the framework of the “Life Button” project development was recognized as one of the two winners of the grant awarding competition held by Nokia Corporation in cooperation with the Fund for Development of Social Initiatives “New Prospects" (FNP). The amount of the gained grant was EUR 48,000. These funds will be used for the service design, testing, and development.

The grant awarding competition for startups of graduates and students of the Moscow School of Management SKOLKOVO was announced in Spring 2012. The participants had to develop applications for mobile devices with the operating systems Windows Phone and Symbian which would have a positive impact on the social environment and ensure as much efficient use of the grant funds as possible. In total 20 projects were presented, and only two of them were selected by the competent jury including representatives of Nokia, the Moscow School of Management SKOLKOVO, the business community, government bodies, as well as analysts and experts.

The “Social Button” application will allow to solve at least two key tasks. Firstly, it will allow to reduce costs and improve efficiency of work of social services and commercial patronage. Secondly, it will allow to facilitate the work on cooperation with networks of volunteers, as well as involvement of volunteers in the projects intended for welfare support of the senior citizens.

“Participation and, above all, winning in this competition is very important for us”, said Irina Linnik, Director of Development of the “Life Button” project. “It means that we are going in the right direction. The grant will help us realize our cherished dream of organizing a volunteer network and providing help to more people. On the one hand, it’s a great experience for the whole project team which will undoubtedly be useful in the future; on the other hand, the fact that the jury finally selected our startup is the evidence of its social significance and usefulness for the society. The obtained grant will allow not only to expand the range of services of the “Life Button” project, but also to make them more affordable for everyone.”

About a month ago, RINTECH incorporated in I.T. Group signed an investment agreement with the “Life Button” project specializing in emergency call systems (“medical alarms”) for senior citizens and the disabled. Subject to the agreement, the volume of investments in the project on the part of RINTECH will be over 35 mln rubles.


About the “Life Button” project
The “Life Button” project was established in November 2010 by alumni of full-time MBA “Skolkovo”. The service essence is as follows: the user is provided with a device equipped with a button which, when pressed, signals that the person needs help.

About RINTECH
RINTECH is a specialized company, an industry system integrator incorporated in the I.T. Group, which since 2005 has been working in the market of comprehensive solutions for information support of the tasks of health care, social services, and public administration.
The areas of RINTECH business encompass: health care consulting services, development of concepts and programs of regional information support, development of the regulatory framework for IT implementation in the field of health care of the regional level, implementation of specialized medical information systems for participants of the market of compulsory health insurance, systems of “electronic” services provision in the field of health care, integrated solutions using universal electronic cards and policies of compulsory health insurance.

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