International Chess Federation
Saturday, 10 Jul 2021 12:39
FIDE Binance Business Schools Super Cup 2021 gets underway

The FIDE Binance Business Schools Super Cup, the first online team tournament for business schools, kicked off on July 9 on Lichess. The event together amateur chess players, the graduates from the world's elite business schools. The event is supported by Binance — the world’s leading blockchain ecosystem, Tiger.Trade — an innovative software package for securities and cryptocurrency traders, CryptoUniverse — one of the largest mining platforms in the world. 

32 teams from Russia, USA, Canada, India, Mexico, Switzerland, England, Scotland, Philippines, Bangladesh, Zambia and Fiji will battle over three days to determine the winner that will get the Winner’s Cup and the title of the Business Schools Super Cup Champion 2021. A tense battle unfolded from the very start. 

In group А the team of Mulungushi University (Zambia) with 12.5 points took the lead, the Finance University under the Government of Russia (Russia) is a half-point behind whereas Shri Ram College of Commerce (India) is third in the current standings with 11.5 points. 

The group B leader is MIPT Business School (Russia) is sitting on 16.0 points. It is followed by MGIMO (Russia) (14 points) and Daffodil International University (Bangladesh) (8 points). 

 University of Toronto (Canada) (14 points), Moscow School of Management SKOLKOVO 1 (Russia) (12.5 points) and Adam Smith Business School (Scotland) (11.5 points) occupy top-3 positions in group C. 

In group D the current leader is Perm State National Research University (Russia) that netted 14 points after Day 1. The Russian Presidential Academy of National Economy and Public Administration (RANEPA) with 13.5 points is a close second, while Higher School of Economics (Russia) is third (12 points). 

Before the start of the games, FIDE President Arkady Dvorkovich shared his support for the tournament and talked about the plans to make a full-scale world championship among business schools in the future. 

The FIDE President Arkady Dvorkovich:  “It is important in such informal or semi-formal competitions to enjoy the game, meet new friends, new colleagues, and spark new ideas. And, of course, to plan a return to the official competitions. We expect that after this first experience of the tournament between business schools, we will be able to get closer to hosting the official world championship among business schools”. 

The FIDE Binance Business Schools Super Cup will last for 2 more days. On Saturday, July 10, each team will play three more games. After that, the strongest will advance to the playoffs. The FIDE Binance Business Schools Super Cup 2021 Champion will be announced this Sunday, July 11. 

The daily online broadcasts streamed from the Moscow School of Management SKOLKOVO are available on the official FIDE channels on Youtube, VK and Twitch: 


About the sponsors:

Binance is the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

TigerTrade is an innovative software package for securities and cryptocurrency traders.

TigerTrade company has over five years of software development experience in the trading field, and in this short time, TigerTrade has managed to earn the full trust of its loyal customer. More than 15,000 active users worldwide with a daily volume of 100 mil USD have already chosen TigerTrade for analysis and trading.

TigerTrade provides intuitive interactive visualization of market data, 30+ components for cluster analysis, flexible, customizable workspace with the support of a few monitors, and other tools and features. is one of the largest mining platforms in the world, offering power and equipment for cryptocurrency mining since 2017. Registered in Estonia under EU law, it owns one of the biggest data centers in CIS, located in the Republic of Karelia. Its overall capacity is 120 MW, with electricity coming from a private hydroelectric power plant, leaving no carbon footprint. The company is glad to participate in the Cup because chess and IT management have much in common in terms of considering various moves and outcomes.

About the organizers:

Moscow School of Management SKOLKOVO is one of the leading business schools in Russia and the post-Soviet states established in 2006 by the business community.

In 2020 it became No.1 in Eastern Europe in terms of quality of corporate programmes according to the Financial Times ranking. The School was awarded the EQUIS EFMD accreditation – one of the most prestigious international accreditations granted to 1% of the leading international business schools.

The idea of the Cup belongs to its alumni: Oxana Kosteniuk, the president of the SKOLKOVO Chess Club, and its members: Sergey Raytsev, Tigran Mamikonian, Alexey Maiorov and Yuriy Mordvin.

Lichess is a completely free, open-source chess platform — exclusively powered by volunteers and donations. Today, Lichess users play more than 3 million games every day. Lichess is one of the most popular chess websites in the world while remaining 100% free. Despite starting out as just a chessboard, Lichess now has a wide variety of features to meet the needs of the internet chess community: play, learn, events, community. is the leading sports digital media in Russia and CIS. We are in the TOP-7 of Similar Web in category "sports media in the world". More than 36 million unique visitors enjoyed in May 2021.