Biotech firm Longenesis wins Latvian entrepreneurship award

On 25 August, the Latvian national finals of the Entrepreneurship World Cup (EWC) took place, where five promising Latvian start-ups competed for the opportunity to get into the global finals in Riyadh, Saudi Arabia, as well as for a prize pool of USD 1 million.

Following a jury vote, the Latvian winner was Longenesis, a health technology start-up from Rīga that accelerates the pace of clinical trials in the pharmaceutical industry.

The people's choice award went to Uniscopia Group, which has developed the e-commerce platform Printscopia, offering its customers the possibility to buy various products created with 3D technology, as well as to order the creation of various 3D products themselves.

The winner of the Latvian finals received a ticket to the international business conference WebSummit in Lisbon, Portugal, as well as participation in the Entrepreneurship World Cup Accelerator. All the participants have reaped benefits from this competition - all five finalists will have the opportunity to receive Franklin Covey business coaching and mentoring to achieve excellence.

After winning the Latvian national final, the start-up Longenesis will continue its journey in the next round - on a global level, competing against winners from 200 other countries to be among the top 100 companies. To better prepare for the Entrepreneurship World Cup global finals, Longenesis will participate in a special online training which will include mentoring sessions with international mentors aimed at better understanding the start-up's current stage of development and potential growth opportunities. The global finals will take place in Riyadh, Saudi Arabia, in November this year and will bring together top 25 companies.

"We are extremely elated and excited about our win at the Latvian national finals of the Entrepreneurship World Cup! This is a special occasion for our entire team and our company's growth journey! We are determined to do everything we can to make it to the top 100 and later top 25 of the best companies through the opportunity to pitch our business idea to the international jury and investors," said Sergejs Jakimovs, co-founder of Longenesis.

Ilze Indriksone, the Minister of Economics said: "Latvian entrepreneurs are the driving force behind Latvia's economic growth and I am proud that we can inspire each other at events like this! ... I wish both the winner and the other finalists new business opportunities in the future, global development milestones and visibility."

In the people’s vote, which was open a few days before the competition and also during the finals, Uniscopia Group was named the winner, receiving a coffee machine and coffee.

Five companies - Longenesis, My3D.Cloud, Naco Technologies, OX Drive and Uniscopia Group - competed in the Latvian national finals of the Entrepreneurship World Cup.

Earlier this year LSM carried an interview about Longenesis, which you can read at: https://eng.lsm.lv/article/economy/business/we-want-to-get-average-life-expectancy-to-120-years.a449400/

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