Two weeks ago the Latvian Startup Association “Startin.LV” announced an upcoming agreement with Latvian Ministry of Economics on a comprehensive national startup strategy. The first step in early-stage support is to boost the number of new bootstrapped startups through hackathons, workshops, inspiring networking events and easy access to essential resources.
The first event in Startin.LV hackathon series Startup Slalom will take place on 11-13 November 2016 at the Stockholm School of Economics in Riga and will focus on financial and insurance technologies. The initiative plans to host themed hachathons every 2-3 months and cover both ICT and science-based startups.
“We start with fintech because it has the most interest from both startup and investor side,” explains chairperson of Startin.LV Jekaterina Novicka. “4 in every 10 euros invested in Baltic startups so far went to fintech, and Latvian funding stats are 2x above this average.”
Jekaterina bases her statement on publicly available data about concluded deals crowdsourced from respective startup communities. 40% of all funding in the Baltics went to financial technologies mostly to Latvian BitFury, Mintos and CreamFinance, Estonian Transferwise and Fortumo and Lithuanian TransferGo.
The first Startup Slalom will build momentum around existing fintech hype, the next events will expand this confidence to other industries. Startup Slalom hackathon will run for 48 hours on the weekend of 11-13 November.
Everyone interested in building the next new big thing in FinTech or InsureTech is welcome to join the event by filling out this form. If you are a programmer, a designer, a project manager or a marketing specialist join now and don't miss out the Early Bird tickets just for 15 Euros available only until the 20th of September.
Startin.LV expects that participants will come up with 30 creative ideas at the event, form 15 competitive teams and move forward with the best of them after pitching to an international jury of investors and industry professionals. The winners will be awarded with special prizes that will be publicly announced later on.