The first batch of pre-acceleration program EstLat-Accelerate has finished

Submitted by LatBAN on Tue, 01/02/2018 - 15:31

The first batch of pre-acceleration program EstLat-Accelerate has finished with two Demo Days at loud startup conferences in Riga and Tartu. 

The EstLat-Accelerate pre-acceleration program is created by joining forces of active startup ecosystem representatives from Latvia and Estonia - TechHub Riga, Latvian Startup Association Startin.LVGarage48Tartu University idea Lab, and Baltic Innovation Agency.

The main aim of EstLat-Accelerate is to help very early stage startups to become acceleration-ready through a two-month-long, hands-on learning program that offers workshops, speed mentoring sessions, and one-on-one tailored coaching hours with experienced entrepreneurs and startup founders. The pre-acceleration program also encourages cross-border cooperation and creation of startup teams with high international ambitions.

The first program started in September of 2017 with the pre-hackathon ideation day, where all enthusiasts with ideas or IT experts had the chance to meet before theGarage48 Hardware & Arts hackathon, that for the first time took place in Riga and generated an impressive amount of attendees and qualitative ideas. The winner of the hackathon and two more teams were selected into the EstLat-Accelerate program.

The program consisted of 12 early stage startups - six from Latvia and six from Estonia.The official start of the pre-acceleration program was on October 12 at the Mentoring Academy in Tartu, where teams experienced speed mentoring sessions and workshop on finding your customers. Later, the startups continued to work in their teams, supplemented with regular one-on-one coaching sessions and special workshops, such as marketing, pitch practice and fireside chats with successful startups, who already have experienced life in world famous accelerators - Techstars and 500 Startups.

The first batch finished with two Demo Days - one in Riga and one in Tartu. In Riga, teams had gathered at the Digital Freedom Festival, where they pitched on the Green Innovation Lounge stage to the audience and jury. The winning team of the pitching competition was 'UpMatched', and they won a fast track pass to Latvia’s Business Angel Network (LatBAN) monthly presentation session and free tickets to the startup conference TechChill. First runner-up team 'FoodyCheck' also got free tickets to TechChill. The second Demo Day happened at STARTUp Day in Tartu, where our teams pitched on the Tartu University Idea Lab stage and the jury decided that winner is 'FoodyCheck', which gwon free tickets to the next Latitude59 conference in Tallinn, and the next runner-up 'Ingenium' received a 3-month free use of TechHub Riga co-working space as their prize.

Source of information - Labs of Latvia

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