Applications for the annual TechChill Fifty Founders Battle are open, where early-stage startup winners stand to win a community prize pot of a minimum of 10,000 EUR, no strings attached, and a chance for a syndicated investment of up to 150,000 EUR from the BaDideas fund. TechChill Riga will take place on April 26-28 in Riga, Latvia.
This year the TechChill community is putting their money where their mouth is – in a show of strength, commitment, and belief in the future of the ecosystem, startup founders and community organizations have contributed to the prize pot which currently stands at 10,000 EUR, and growing. Contributing community members include Longenesis, eazyBI, Lokalise, Gravity Team, Sellfy, Helve, Truesix, and Change Ventures.
Additionally, the syndicated investment opportunity prize, 150,000 EUR, is provided by the BaDideas fund – a fund made up of founders backing founders with crazy ideas. Together, the prize pool is a testament to the maturity of the ecosystem and the unity of its participants who are betting on each other.
“BAideas fund is made up of founders supporting other founders and their world-changing ideas. The fund’s roots are in Latvia, as well as many of our investors. We are excited/committed to supporting the next generation of startups and giving back to the community alongside TechChill, a conference that gave many of us our first stage. We’ll be looking for the next supposedly “bad idea” that will rock the industry and grow to be a major disruptor.” – Raimonds Kulbergs, CEO and founder of BaDideas.fund
The Fifty Founders Battle is the flagship event’s annual pitch battle, open to early-stage startups that have not received more than 250,000 EUR in equity funding, and usually are less than 3 years old. The battle is industry-agnostic – all startups from peaceful countries are welcome to participate and can apply online at www.techchill.co/fifty-founders-battle.
Applications will be open until March 10, and the 50 founders’ semi-finalists will be announced on March 29. They will participate in the Fifty Founders Bootcamp on April 26, with the semi-finals held on April 27 and the final showdown on April 28 – the final day of TechChill Riga.
Other past TechChill pitch competition winners include Baltic success stories Infogr. am, TrackDuck, Edurio, Nordigen, Sprayprinter, Anatomy Next, Precision Navigation Systems, Longenesis, and last year – Vocal Image App.
“TechChill is our favorite conference (together with Latitude 59), it was the first one we attended as a team. Winning the Fifty Founders Battle gave us great exposure and on-stage experience, but the added prize of the Draper University tuition was the highlight and has given me an incredible global network that I can tap into whenever I need to.” – Nick Lahoika, Vocal Image
Applications for the TechChill Fifty Founders Battle are now open, and startups can submit their applications by March 10th, 2023.
TechChill is a startup community non-profit that hosts the largest tech event in Latvia. Having grown from a small grassroots movement of like-minded tech enthusiasts, TechChill celebrates the best of the Baltic startup community by annually bringing together thousands of attendees, including the fastest-growing startups, most innovative corporations, speakers, investors active in the region, and talented tech enthusiasts. TechChill is organized by a non-profit foundation of the same name, empowering the Baltic startup ecosystem throughout the year.
More information at TechChill.co.