Startup pitch battles – “Pitch Battle” – will take place at the biggest and most important startup event in Lithuania, Startup Fair. during Pulse 2024. Pitch Battle’s prize pool reaches a record 3 million. euros – that’s how much the partners of the event are ready to invest in one or more startups.
“The Lithuanian startup ecosystem is one of the fastest growing in the region. In total, Lithuanian startups attracted 272 million last year. EUR investments that help develop innovative solutions, create jobs with high added value and thus contribute to the growth of the country’s economy.
The annual “Startup Fair” event, which has become a tradition, reflects the potential of the Lithuanian start-up ecosystem, and at the same time contributes to its increase, opening up new opportunities for attracting investments and international cooperation for the creators of innovations in our country”, says Minister of Economy and Innovation Aušrinė Armonaitė.
According to the organizers, the participants of the “Pitch Battle” competition, which will be held at the event, will not only be able to present their ideas to a wide international audience, attract investments for business growth, but also win special prizes established by the partners of the event, which will also contribute to the development of startups.
“This is a really great opportunity for innovators to get a significant boost for the implementation of their ideas. “Startup Fair” event attracts more and more investors’ attention every year and attracts more and more participants, and at the same time opens up more opportunities for startups”, says Karolina Urbonaitė, head of the Innovation Agency “Startup Lithuania”.
Lithuanian business angel network LitBAN, early-stage investment fund Coinvest Capital and Baltic Sandbox Ventures fund, which invests in early-stage deep technologies, dual purpose and life sciences, plan to invest in one or more startups selected during the Pitch Battle competition. decisions. The total amount of investment can reach as much as 3 million. euros, depending on the specific needs of the selected startups, their stage, the innovativeness of the product or service being developed, and other parameters.
“The network of Lithuanian business angels is constantly looking for start-ups in which our members could and would like to invest. We believe that during the “Startup Fair” we will see presentations of new, promising startups on stage, and perhaps our members will choose not one, but several startups to offer investments to. Therefore, I invite startups to apply to the competition and perform as well as possible in order to attract the interest of investors, – says Roberta Rudokienė, head of “LitBAN”.
In addition to the opportunity to attract investment, other valuable prizes await the participants of the Pitch Battle. For example, the finalists will be invited to the accelerator implemented by “Startup Lithuania” together with the global innovation platform “Plug and Play” with the possibility of receiving up to 150 thousand. EUR financing and to further accelerate the “GOAL” program implemented in Silicon Valley.
Last year’s Pitch Battle winner was Estonian startup Vocal Image, which is developing an AI-powered app to help develop vocal skills for public speaking and personal development.
This year, the annual Startup Fair event organized by Startup Lithuania is expecting a record number of guests – more than 2,000 are expected to gather. In addition to presenting to investors in the Pitch Battle competition, the startup event will also feature networking opportunities, business and investor meetings, engaging presentations and discussions from more than 60 participants of the international startup ecosystem. Startup Fair. The Pulse 2024 event, one of the parts of which is the Pitch Battle competition, will be held on October 3 this year. Paupios market in Vilnius. The “Pitch Battle” space, which will be located in the “Cinema Pasaka” movie theater, is supported by the advanced technology sector platform “Vilnius TechFusion” curated by the Vilnius city business and tourism development agency “Go Vilnius”.
More information on the website of the event – www.startupfair.lt.
2024-08-24 11:07:37