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 1,300 participants from the whole region, including investors, corporate executives and journalists, according to organizers.
Uldis Leiterts, Co-founder of the Digital Freedom Festival said: “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. For investors this is an opportunity to catch their 'golden fish' having 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 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.
“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," said Juris Birznieks, Founder and Member of the Board of LatBAN.
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.
LatBAN was founded in 2014. Its goal is to extend and develop the network of investors in Latvia and support new and prospective projects.
The Digital Freedom Festival is a global technology, policy, startup and lifestyle festival.
More details are available at www.digitalfreedomfestival.com.