Startups Kudzoo and Forte Advance To Finals Of The Rybakov Prize

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(L-R): Igor Rybakov, Logan Elizabeth Cohen, Nat Ware, Ekaterina Rybakov

Carolin Weinkopf

Education startups Kudzoo and Forte will go head-to-head with 24 other semi-finalists at the Rybakov Prize after winning a pitch competition at the Forbes Under 30 Europe Summit.&nbsp;

Igor Rybakov announced that Kudzoo and Forte as joint winners from the field of five founders vying for a spot in the finals of the first annual Rybakov Prize, and its $1 million prize fund for entrepreneurs with innovative solutions that can transform education.

Kudzoo founder Logan Elizabeth Cohen and former Under 30 listmaker pitched her app that rewards students for good grades and school attendance with “Kudzoo Cash”. Forte founder Nat Ware presented his plan for investors to earn a share of students’ future earnings in return for investing in their education and training.&nbsp;

“The recognition of these social entrepreneurs, especially in education is the real answer to the complexities of the world,” said Rybakov speaking at the Forbes summit in Berlin.

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Igor and Ekaterina Rybakov launched the RYbakov Foundation in 2015

Carolin Weinkopf

Cohen and Ware will be flown out to Moscow in February for the final round of the award. “I’m so excited for this opportunity and help so many more students,” said Cohen.

Igor Rybakov and Ekaterina Rybakov launched their philanthropic foundation in 2015. Forbes estimates Rybakov’s stake in the Technonicol, a Russian roofing business he founded, and his other business ventures are worth at least $1.4 billion.

"Rybakov

Rybakov pitch competition semi-finalists battled it out for their chance to win the $1.2 million … [+] prize

Carolin Weinkopf

The focus of the foundation was education and creating entrepreneurial role models for Russian school children, according to the Russian billionaire. “We decided to give a legacy for everyone in the world…that’s why we tried to find what is the best idea in the world, and find what we can add to the world for its prosperity. And education really was the best solution. That’s why we decided to stay philanthropists in education,” said Rybakov.

The Rybakovs added that they were inspired by the Under 30 community and the “purpose-driven” nature of the summit with young entrepreneurs working on innovative solutions for business and social issues.

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Education startups Kudzoo and Forte will go head-to-head with 24 other semi-finalists at the Rybakov Prize after winning a pitch competition at the Forbes Under 30 Europe Summit. 

Igor Rybakov announced that Kudzoo and Forte as joint winners from the field of five founders vying for a spot in the finals of the first annual Rybakov Prize, and its $1 million prize fund for entrepreneurs with innovative solutions that can transform education.

Kudzoo founder Logan Elizabeth Cohen and former Under 30 listmaker pitched her app that rewards students for good grades and school attendance with “Kudzoo Cash”. Forte founder Nat Ware presented his plan for investors to earn a share of students’ future earnings in return for investing in their education and training. 

“The recognition of these social entrepreneurs, especially in education is the real answer to the complexities of the world,” said Rybakov speaking at the Forbes summit in Berlin.

Cohen and Ware will be flown out to Moscow in February for the final round of the award. “I’m so excited for this opportunity and help so many more students,” said Cohen.

Igor Rybakov and Ekaterina Rybakov launched their philanthropic foundation in 2015. Forbes estimates Rybakov’s stake in the Technonicol, a Russian roofing business he founded, and his other business ventures are worth at least $1.4 billion.

The focus of the foundation was education and creating entrepreneurial role models for Russian school children, according to the Russian billionaire. “We decided to give a legacy for everyone in the world…that’s why we tried to find what is the best idea in the world, and find what we can add to the world for its prosperity. And education really was the best solution. That’s why we decided to stay philanthropists in education,” said Rybakov.

The Rybakovs added that they were inspired by the Under 30 community and the “purpose-driven” nature of the summit with young entrepreneurs working on innovative solutions for business and social issues.