The prizes are still as impressive – 10K EUR equity-free cash from L59, the grand prize of up to 200K EUR investment supported by EstBAN and more to come. The members of EstBAN syndicate are experienced angel investors like Ivo Remmelg, Priit Rohumaa and Madis Müür. The syndicate is led by Kristjan Raude. 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.
Applications closed for this year.
CRITERIA:
We are looking for early-stage teams who are going strong despite the challenging times and looking to raise funds. 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.
TIMELINE:
27.07 Application closes
29.07 Announcing the top 50 teams who will pitch at the online pre-finals
3.-7.08 Online pre-finals, chosen teams join for the live QA
10.08 Top 10 finalists are announced
13.-14.08 (TBC) 2-day boot camp for the top 10 finalists: founders and key team members join. Led by Startup Wise Guys’ international team and coaches. The first day will focus on developing the business model and preparing a stellar pitch. The second day all 10 teams will be pitching to EstBAN investors. The jury will choose the top 5 who will be further considered for the investment and who will all pitch on the Latitude59 stage.
26.08 Pitch preparation and practice workshop led by Startup Wise Guys.
28.08 Top 5 teams all pitch on stage. Jury decides and winners are announced.
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.
10 000 USD of free AWS services by Cloudvisor to one of the finalists
Legal counselling by Hedman Partners
Office space by UMA workspace
More prizes to be announced soon…
QUESTIONS?
Write to us at kai@latitude59.ee