THE DIGITAL FREEDOM FESTIVAL AND LATBAN ANNOUNCE AN INVITATION TO A STARTUP COMPETITION
AUG. 16. 2017 // Author: DFF
The Digital Freedom Festival, in cooperation with the association Latvian Business Angel Network (LatBAN), announces an invitation to pre-seed startups to submit applications for the November Investment Session. For the first time, the top 10 startups will have an opportunity to present their business ideas to Latvian and international business angels at the Digital Freedom Festival taking place on November 28. It is anticipated that the festival will welcome up to 1300 participants from the whole region, including investors, corporate executives and journalists.
Uldis Leiterts, Co-founder of the Digital Freedom Festival: “Startup Pitch is an ideal place for startups to test their idea and ascertain that it is indeed brilliant and full of potential, or on the contrary — to understand that further investment of time and energy will not bring any benefit. Whereas for investors this is an opportunity to catch their “golden fish” having a rapid growth potential and to release it from Latvian lakes into international waters.”
Motivated startup teams with a developed or almost developed product prototype are invited to apply for the competition. Special attention will be paid to the marketing strategy of the offered product or service.
Investors are also invited to apply for the Investment Session
Investors are also invited to apply for the LatBAN Investment Session to get in touch with promoters of projects having rapid growth potential, to make sure that the ideas are viable and that there are long-term growth prospects and to consider the possibility to make investment decisions.
Juris Birznieks, Founder and Member of the Board of LatBAN: “During the Startup Pitch, investors will also have an opportunity to assess international projects and to compare them with Latvian startups in terms of quality and growth potential. The Pitch will also provide an opportunity for investors to make investments in startups jointly with foreign investors attending the event.
Rules of application
To apply for the Investment Session, startups must fill in the application form for the November Investment Session available on the international private investors platform gust.com until November 5. Finalists will be announced on November 9. To participate in the final session of the competition, the top 10 startups will be invited to purchase Digital Freedom Festival Startup Pass.
Investors are invited to send their applications to firstname.lastname@example.org. The final session of the competition is free of charge for investors, but to attend other events of the Digital Freedom Festival they will need admission tickets.
The association was founded in 2014. The goal of the association is to extend and develop the network of investors in Latvia and support new and perspective projects. This is why we organise Investment Sessions, during which investors and new entrepreneurs meet with each other. A business angel is an investor that has accumulated experience in entrepreneurship and invests own private funds in business projects. He provides important support to new enterprises with a potential for rapid growth at their early stage of development. Business angel’s experience in entrepreneurship helps in excluding risks in entrepreneurship and gives an opportunity to find the shortest path to profit.