News

LABACA Academy Event on June 10 – join us where projects meet funding

Riga, May 18, 2011

LABACA (Latvian American Business Association in California) together with Open Coffee Club Riga invite tech start-up teams from Baltic countries to an investment pitch competition and training event to be held on Friday, June 10 at Stockholm School of Economics, Strēlnieku iela 4a, Riga, LV-1010.

Focus: ICT & engineering start-ups from Latvia, Estonia & Lithuania, which already have developed initial (demo) prototypes and/ or are finalising commercial prototypes of their software or hardware products. They should possess fair idea of their markets and business models, and should look for raising a seed round of 30,000 – 150,000 .

Pitch format: 10 minutes presentation, followed by Q&A of maximally 5 minutes per project. Pitch should cover topics of Problem, Solution, Market, Competition, Competitive Advantage, Market Entry, Team, Financial Projections, Current Status, and Investment Requirements.

Application process: start-up teams are invited to apply by sending their pitches of the format described above in .ppt to academy@labaca.org. Deadline for applications is Thursday, June 2 18:00 Riga local time. From all applications organisers will select maximally 6 project teams, which will be invited to LABACA Academy pitching competition. Other teams will be encouraged to attend LABACA Academy speakers’ session, held in parallel at the same day (please refer to the Agenda of the event below).

Speakers’ session: while the selected teams will polish and rehearse their pitches, everyone is invited to attend an open session with presentations on pitch format training, business concept formulation, and start-up team formation and development.

Final session – pitching for seed investor community: at the end of the Academy event, after fine-tuning of their presentations, teams will be pitching to Academy jury – investor panel consisting of currently active seed investors, such as members of LABACA Angels Group, Imprimatur Seed Fund managers, and others.

Prizes: while jury will award prize(s) for best investment pitches, the ultimate aim is to get the team into follow-up meetings with currently active seed investors, ending with completing of the seed rounds sought.

Language: all presentations and discussion will be held in English.

Mentors at LABACA Academy event:
Andris Bērziņš (Livebookings, KBZ)
Viesturs Sosārs (LABACA Angels, Real Sound Lab)

For additional information please contact:                      
Viesturs Sosārs at
angels@labaca.org         or           Ernests Štāls at ernests@soon.lv

Program is available here