Startups & Ideas

€1M Investment Up for Grabs at Latitude59 Pitch Competition

Latitude59 is calling on ambitious startups from the Nordics, Baltics, and beyond to seize a remarkable opportunity. This year, the Estonian flagship startup and technology conference is once again offering an impressive €1M investment for its Pitch Competition, cementing its status as the largest competition of its kind in the region. Building on the success of previous years, Latitude59 has partnered with the Business Angel Network EstBAN and the investment fund Specialist VC to present this substantial investment in 2024, matching the record-breaking €1.25M offered in 2023.

Liisi Org, CEO of Latitude59, expressed determination to maintain the high standard set by last year’s event, despite the changing market conditions. The conference’s pitching competitions have become a significant draw for startups, with EstBAN and Specialist VC poised to discover promising investment opportunities. Last year’s competition surpassed expectations, with three winners sharing a record €1.25 million in investment, highlighting the event’s ability to attract top-tier startups even in a challenging funding landscape.

The collaboration with EstBAN and the introduction of Specialist VC as a new partner reflects Latitude59’s commitment to fostering innovation and entrepreneurship. These partnerships aim to attract new entrepreneurs to the region, with a focus on technology-driven and scalable business models. The competition is geared towards startups that demonstrate a complex product, market potential, and measurable results, offering a unique opportunity for early-stage companies to secure funding and gain visibility.

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Applications for the L59 Pitch Competition 2024 are open until April 1, with a rigorous selection process leading up to the final event on May 24. The competition welcomes early-stage entrepreneurs from around the world, providing a platform for startups to showcase their potential to a global audience of investors and industry leaders.

How to Apply:

  1. Eligibility: Startups must have a dedicated team, a company up to 3 years old, measurable customer feedback, the ambition to capture a large market, and a need for investment up to €1 million.
  2. Submission Deadline: Applications must be submitted by April 1, 2024.
  3. Selection Process: A pre-selection will narrow down applicants to 40 startups for the public pre-finals in early May. Ten startups will advance to the next round, with the top five reaching the finals on May 24, 2024.
  4. Final Event: The final stage will take place on the main stage of Latitude59 2024, where investment recipients and community award winners will be announced.
  5. Application: Interested startups should visit the Latitude59 website to access the application form and detailed instructions on the submission process.

Latitude59 2024 is set to be a pivotal event for startups, investors, and technology enthusiasts, offering a unique opportunity to connect, learn, and potentially secure significant investment. With nearly 3,000 participants expected, including 800 startup representatives and 500 investors from around the world, the conference continues to be a major hub for innovation and entrepreneurship in one of the world’s most digitally advanced countries.

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