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Zvorikyn Prize is a Russian Federal price in the field of innovations and new technologies awarded annually to young Russian entrepreneurs from all across the Russian Federation. It was initiated by the President of the Russian Federation, Mr. Dmitriy Medvedev. Seed Forum CIS Foundation recently signed a memorandum of cooperation with the head of Zvonikyn Project Mr. Sergei Blintsov. This new cooperation will foster the relationship between Ukrainian and Russian innovative startups companies, will help them to intergrate and to spread their business across the board in both direction, as well as take the cooperation between the major players in the innovation sector from Russia and Ukraine.