Category Archives: New Gas Technologies

Alexei Beltyukov, The Visionary Behind Solvy

Alexei Beltyukov has learned a lot about persistence in life and working hard to tackle challenges, and now he’s helping young people learn the same with a program called Solvy. Solvy is designed to show high school students how to solve complex math problems and to track their learning progress.

Teachers can use Solvy to send math assignments home with students who then must figure out how to solve them. Solvy doesn’t just want students to come up with the right answer, but to write out and show how they got to the answer they did. Solvy provides feedback and guidance to help students identify problem areas.

Prior to helping start Solvy, Alexei Beltyukov took a long path from the career he started to becoming a successful businessman. He originally was a physician and practiced back when the Soviet Union was still in control of Russia.

But unlike in the US and many other countries, his profession didn’t make a lot of money in Russia. He decided he needed to work another job to try and pay the bills, so he tried several endeavors such as teaching and working as a pharmacy salesman. He would later enroll at INSEAD University’s business school where he completed his bachelor’s in business. Learn more about more Brian Torchin:

Beltyukov first became a consultant for a private equity firm that leased out railroad cars, and then he joined a business run by a major Russian mogul in 2004. Beltyukov had to find ways to turn several companies the businessman owned into profitable enterprises, and it took some work to do but eventually he was able to transform those companies into valuable assets.

Alexei Beltyukov was given autonomy to run a business of his own in 2008, and that’s when he started Mechanicus, an auto repair shop. One year later he started New Gas Technologies, an oil and petroleum refinery company.

Beltyukov has run a very profitable company with New Gas Technologies, and he decided to build on that by founding A-Ventures and Endemic Capital, two venture capital supply companies. Beltyukov is also an advisor to the Russian government through the Skolkovo Foundation.