Five companies competing for entrepreneurship prize

From several dozens of Latvian businesses who entered this year's Entrepreneurship World Cup (EWC), five of the most promising ones have been selected and on August 25 these will compete in the second Latvian National Finals of the EWC where they will present their business idea to the jury.

Businesses that applied to participate in the EWC represent various sectors of business – from food production to recycling of sorted materials and reuse of resources. Applications have also been received from 3D printing technology, data accumulation, processing and maintenance, biotechnology and nanotechnology research, car rental companies, as well as social businesses.

The applications submitted were examined by a jury consisting of representatives from Swedbank, the Latvian Chamber of Commerce and Industry, the Investment and Development Agency of Latvia, TechChill and Riga TechGirls.

The five Latvian businesses that will compete in the Latvian National Finals are:

Longenesis – a health technologies start-up from Riga, which significantly expedites clinical studies done by the pharmaceutical industry whilst also ensuring secure and transparent patient data processing.

My3D.Cloud – founded in Liepāja, the company has created a digital construction platform providing its customers with the opportunity to work with 3D data online without specialised software and to access the global digital construction market.      

Naco Technologies –  a start-up from Riga working with “green” hydrogen  by developing nano-coating to ensure durability of hydrogen producing and consuming equipment, its sustainability and to significantly reduce dependence on use of precious materials..

OX DRIVE – the first TESLA car-sharing platform in Latvia which plans to provide car-sharing services in Riga and Jūrmala with at least 130 TESLA brand cars by the end of this year.

Uniscopia Group  a Riga-based company which has developed an e-commerce platform “Printscopia” providing its customers with the opportunity to purchase various products created with 3D technology, as well as to order various 3D products to be produced.  

The National Finals will take place on August 25 at 19:00. The winner of the Latvian National Finals will compete for a place on the Top100 list of companies and the global finals in Riyadh, Saudi Arabia, as well as the chance to receive a paid ticket to an international conference for developing and expanding their business idea.

Swedbank has been the representative of the Global Entrepreneurship Network in Latvia since October 2020. This representative position comes with the right to organize the EWC national finals in Latvia, one of over 200 participating countries. The call to participate this year was extended to businesses founded and registered in Latvia from 2016 with a turnover of up to EUR 5 million.

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