'21 | Latvian Business Guide
STARTUP ECOSYSTEM The Latvian Startup environment is dynamic and rapidly growing. To nurture this growth, all important stakeholders – private and public sectors, investors, academia and startup enthusiasts – joined hands together. Nowadays, Latvian Startup infrastructure consists of 500+ active startups, a pool of institutional investors and business angels, a diverse range of modern co-working spaces, dozens of incubators fuelled by government, academia and private individuals, as well as a calendar full of exciting gatherings, productive conferences, hackathons and meetups. Moreover, a unique Startup Law has been passed andStartup Visa is available for anyone willing to come and kick their startup off in Latvia. Read more about the Latvian startup environment and opportunities that are available for you on the startup portal www.startuplatvia.eu.
SOME OF STARTUP SUCCESS STORIES
Longenesis a biomedical startup from Latvia focused on accelerating the R&D pipeline through health data. Longenesis has received innovation vouchers. The company has participated in various international startup acceleration programs, such as Europe’s “Headstart”, “MedTech Innovator”, “500 Startups” Global launch program in Singapore, “Salto” Accelerator, Estonia. Originally based in Hong Kong, Longenesis has developed a blockchain-based solution to apply data for research, while protecting privacy at the same time. Since that idea has emerged to providing digital tools for acceleration of biomedical research pipeline - the company has various platforms, such as Curator, Themis, and Engage (incl. Skrinings.lv) that help to identify potential partners in the ecosystem, help to enroll patients in research activities and promote proactive engagement. It is also listed as one of the Top 10 promising Latvia-based startups of 2021 by EU-Startups. In just 3 years of operation, Logenesis has attracted 30+ biomedical organizations and unlocking the potential for accelerating the R&D process around the globe, including National level projects in UAE, U.S., EU, and APAC regions.
RoboEatz is a Latvian startup founded in 2018 offers autonomous robotic kitchens that can cook and serve complex hot/cold meals with a velocity of 1 meal per minute and capacity of 1000+ meals for different tastes and dietary preferences. There is a growing niche of the robotic kitchens due to covid-19, and the company taps into the opportunity while also helping companies optimize operational costs of foodservice systems. Recently it has opened a first fully automated restaurant in Latvia, Zemitāna street. Completing the accelerator programme helped the company obtain knowledge of risk capital and startups and find access to an international network. The company’s value proposition is a wide variety of foods, increased hygiene standards, and no need for human assistance.Asya connects mindful 55
