The pulse of Latvian startup scene: Week #25

#StartinLatvia puts together tactile-book prototype, is finalist for business pride award and more.

Vividly to represent Latvia at Creative Business Cup

In the national final of the Creative Business Cup, where four companies competed against one another to represent Latvia at the world’s leading competition for creative industries, the  company Vividly came out on top. Vividly, which offers virtual reality solutions in architecture, will represent Latvia at the Creative Business Cup in Copenhagen this fall.

Creative Business Cup brings together the national champions from all over the world in its annual competition.  Participation in the Creative Business Cup empowers entrepreneurs in the creative industries, connects them to international investors and global markets, organizes seminars and discussions and strengthens their innovative capabilities to the benefit of industry and society. Furthermore, valuable prizes are also given to the various winners.

Tactile-book prototype created

Representatives from the Latvian startup companies Tactile Eyesight and Drofie participated in the Lithuanian accelerator Startup Scaleup from June 20 to 23, where they gained valuable experience in tackling technological problems, as well as met with investors and mentors.

Tactile Eyesights co-founder Mareks Matisons explains that when preparing for the accelerator program, a new Tactile Eyesight product was created with support from Mass Portal – a tactile-book prototype. After a long-path of experimentation and analyzing various materials, the startup has arrived at polycarbonate foundation, on which tactile-book illustrations are printed using 3D printers.

Rention launches successful cooperation through Startupreneurs

The founder and director of the Latvian startup company Rention Aleksandrs Zelinskis has launched successful cooperation with another young entrepreneur Tomas Grizas from Lithuania, where he is planning on expanding his project.

The two entrepreneurs were able to meet and launch their cooperation through Startupreneurs, which gives both young and experienced entrepreneurs from all over the European Union the opportunity to cooperate with one another for a period of one to six months.

Rention is a new real-estate management platform, which brings together apartment owners/renters, tenants and those offering various services and utilities. The platform is currently ready to be launched in the Latvian and Lithuanian markets, with the Estonian market also being evaluated at the moment.

Rention has also attracted additional financing worth EUR 200,000 for improving the platform and entering new markets.

Edurio to ensure Latvian schools free two-year access to its platform

Edurio, which received a EUR 1.86 million grant from the EU’s research and innovation grant program Horizon 2020, will ensure the availability of its platform to Latvian schools for free for a period of two years. After receiving the grant, the company plans on substantially increasing its team, which is currently made up of ten persons, as well as launch various pilot projects in the education sphere and prepare the platform for the global market.

"We call Latvia home, from where we are attempting to raise the quality of the world," Edurio co-founder Ernests Jenavs points out.

Education and Science Minister Kārlis Šadurskis has praised the fact that the Edurio platform will be introduced in Latvian schools, pointing out that this will be an excellent point of support when working on the new educational curriculum which is planned to be introduced in the 2018/2019 school year. 

Overly amongst finalists of annual Business Pride Awards 2016

The deadline for submitting applications to the annual Business Pride Awards 2016 (Biznesa Lepnums 2016) has concluded, with the six finalists announced for the July awards ceremony. Amongst the finalist is the Latvian startup Overly, which specializes in augmented reality solutions.

Overly is a finalist in the micro-enterprise category, where it will be competing with Raiskuma Labumu Darītava Ltd and Dabba Ltd. Meanwhile, the finalists in the small business category are Karameļu Darbnīca Ltd, MGS Factory Ltd and MS-IDI Ltd.