Latitude59’s Pitching Competition Finalists Lack Fintech Representationby Fintechnews Baltic August 11, 2020
Latitude59 x EstBAN Pitching Competition’s pre-finals took place last week with over 50 early-stage startups competing for the chance to pitch in front of investors at the Latitude59 stage.
The top 10 finalists for the flagship startup and technology event did not feature any fintech startups.
The grand prize is a €200 000 syndicate investment by EstBAN and €10 000 cash prize from Latitude59. The grand final of the competition will take place on August 28 in Tallinn which can also be viewed online.
The top 10 startups to go through to the final round of the Latitude59 and EstBAN’s pitching competition are:
R8tech is a building automation system that is focused on decreasing energy consumption in commercial properties whilst keeping an outstanding indoor climate for every room and area simultaneously adding significant savings for both the building owners and managers.
Vistalworks enables governments and enforcement agencies to protect online shoppers from the harm of illicit trade.
It claims to be an all-in-one solution for shared mobility, helping entrepreneurs to launch their own vehicle sharing platforms in 20 days.
Adact enables agencies to create online interactive marketing campaigns without writing a single line of code.
Pagerr focuses on sustainable printing by reducing waste in printing houses by printing on leftover areas. It claims to be up to 4x cheaper and eco-friendly.
Gelatex has invented a new nanofiber production method to enable safer, cheaper and faster bio-based nanofiber production.
10Lines is developing autonomous parking lot marking solutions.
Medical diagnostic tool helping doctors diagnose Parkinson’s disease and Essential tremor more accurately and faster.
Binary Analytics delivers consulting services to corporations via online platforms and gamified learning modules.
Idyllum Labs helps web developers build secure websites without requiring them to first become cybersecurity experts.
“We saw a lot of interest towards the pitching competition this year, which shows that despite the crisis and the prevailing uncertain situation, we still have very strong and active start-ups in the region. Looking at the level of the finalists of the competition, it can be said that with the right advice and support, we might see potential next unicorns,”
said Kristjan Raude, member of the board and syndicate leader of the Estonian Business Angels Network.
On August 13, the 10 finalists will attend the Startup Wise Guys online boot-camp to polish their pitches and get feedback on their business models. On the next day, they will pitch to EstBAN’s investors where the jury will choose the top 5 who will go on to win the grand prize.
Other prizes include €10 000 equity-free cash from Latitude59, $10 000 of free AWS services by Cloudvisor and €2000 EUR worth of legal counselling by Hedman Partners.
Featured image credit: Latitude59Subscribe to the most important Fintechnews in Estonia, Lithuania and Latvia.
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