The grand prize is a syndicated investment of up to €200k led by EstBAN. The members of EstBAN syndicate are experienced angel investors like Ivo Remmelg, Priit Rohumaa and Madis Müür. Recent EstBAN syndicated investments have gone to Fractory, recently named UK’s best tech company at the UK Chambers of Commerce Business Awards, FoodDocs, run by two power-women who raised 300k in seed-round and have now expanded their business to Ukraine and Germany and the most recent addition to the EstBAN syndicate family Jeff App – a Latvian super-team working on a fintech solution that takes “Tinder for loans” to Asian markets.
CRITERIA:
Preferred applicants have a strong mission and a scalable business model. Your startup should have a functioning product with traction/feedback, a strong team and be ready for an investment. To be eligible for the investment, you have to be able to travel to Estonia for the 2-day boot camp and pitch session.
TIMELINE:
13.02-12.04 Applications are open here
12.04 Applications close
20.04 Announcing 15 teams that are chosen for the boot camp led by Startup Wise Guys (startupwiseguys.com)
End of April: 2-day boot camp for the chosen 15 teams’ founders and key team members. Led by Startup Wise Guys’ international team and coaches. The first day you will focus on developing the business model and preparing a stellar pitch. The second day all 15 teams will be pitching to EstBAN investors. The jury will choose the TOP5 who will be further considered for the investment and who will all pitch on the Latitude59 stage.
4.05-22.05 Due diligence for the TOP 5 teams
28.05 Pitch preparation and practise workshop led by Startup Wise Guys.
29.05 TOP 5 teams all pitch on stage. The company who gets the up to 200k investment is announced. (The exact details will be negotiated between the team and lead investor before and after the event.)
Set-up on stage: 3 min pitch with slides + 2 min Q&A. Each person pitching on stage gets 1 free Startup pass to the conference.
PRIZES:
The grand prize is the syndicate investment of up to €200k.
The Latitude59 special prize of €10 000 equity-free cash.
More prizes to be announced soon…
QUESTIONS?
Write to us at kai@latitude59.ee