The winner received both the TechChill winner's title with a €10,000 no-obligation prize and €150,000 of backing from venture capital fund Depo Ventures.
More than 200 start-ups from around the world entered the Fifty Founders Battle competition this year. An international panel of experts initially selected 50 start-ups based on criteria such as the severity of the problem addressed, the team, the results to date and the scope for scaling the idea. The semi-finalists of the competition "TechChill 2022" competed with each other on the first day, and five new companies entered the finals:
- Terrawaste (Latvia) - offers to use innovative technology for recycling non-recyclable waste.
- HeyBooster (Estonia) - a marketing management tool based on artificial intelligence.
- Codigy (Lithuania) - a collaboration platform for software development teams.
- Vocal Image App (Estonia) - a voice training tool.
- MissionSpace (Latvia, Luxembourg) - a new space weather observation company.
Latvians were not left without prizes by the local cryptocurrency company “Gravity” giving the company “Mission.Space” a prize in the Etherreum cryptocurrency.
TechChill 2022 took place from April 27 to 29 in Riga. It was the first technology event after the lifting of the pandemic restrictions in the Baltic States and attracted a lot of visitors - all tickets were sold out the day before the event. In 2023, TechChill will take place on February 23 and 24.