Asya and CostPocket Victorious at Digital Freedom Festival Startup Pitch Competitions
Latvian startup Asya triumphed in the pitch organised by leading global accelerator 500 Startups at the Digital Freedom Festival, while Estonian startup CostPocket was victorious in the pitch competition organised by Dutch accelerator Rockstart.
The 500 Startups pitch competition winner will get fast-tracked to the final interview for Batch 25 at the Silicon Valley accelerator programme. The startup will have the opportunity to qualify for a 4-month long intensive seed programme and a USD 150 thousand seed fund.
500 Startups Acceleration Manager Chris Brown: “Nothing gets me as excited as the idea that no matter where we are at the world, we are always looking for people who are excited to change the lives of people around them. I want to see all teams again in a year, to talk to them and to see them in our programme”.
Winner Asya is a Latvian startup, which has developed an AI-powered app and wearable necklace designed to help people practice mindfulness in their everyday communication with other people. The app listens and analyses conversations by tracking emotions and words.
CostPocket was the winner of the Rockstart Pitch Competition at the Digital Freedom Festival. Rockstart is an international union of founders, entrepreneurs, investors and mentors. CostPocket enables companies to streamline their expense reporting processes, and their Mobile app uses integrated cloud-based accounting software to help avoid wasting time collecting receipts, digitalising them and then creating separate reports. CostPocket will have the opportunity to take part in the final selection round for the accelerator programme hosted by Rockstart in the Netherlands during autumn of 2019.
The Rockstart competition will give the winning startup the opportunity to recieve a prize of EUR 20,000, as well as additional financing for office rental and support from mentors totaling EUR 80,000. The more than 50 various support tools offered are valued at approximately EUR 100,000.
Rune Theill, Rockstart Co-founder and CEO: “I want to complement all of the startups here – they’ve all done an amazing job. I was super impressed with the quality of startups and the pitches.”
The EIT Climate-KIC accelerator were looking for businesses that have chosen to solve climate change problems by promoting the development of environmentally friendly technology solutions at their pitch competition. The winner was inLable – a science-based startup claiming to offer the most versatile labeling and authenticity verification system.
In turn the LU Student Business Incubator pitch competition winner is Latvian the startup Crypto Police. They’ve created a community-based scam identification protocol – a multilevel verification algorithm that helps to protect users online.
LIAA also chose their top three startups to win an opportunity to pitch on the DFF main stage. The selected startups were: Lovat, YoPlayDo and Orocon.