Vega fund kickoff capital recipients for spring 2017 have been selected!
This year, 19 projects were sumbitted for Vega fund kickoff capital and 11 of them were invited to pitch in front of the jury. After that, the board of judges selected four projects which stood out with their strong science background and validated business models:
Algae: production of biodiesel using seaweed oils
Technology: production of gelatine-based eco-friendly polymers
- MIRFECT: better and more effective RNA transportation to intractable types of cells
- PowerUp Energy Technologies: hydrogen fuel cell based electrical generator for maritime, recreational vehicle and military applications
Linda-Marie Kimmel, leader of team Brighter Algae said that the trickiest part for their team was preparing the pitch for the jury. "We are completely sure that our project is worth working for, but it was a challenge to convince the jury as well," she said, "Recieving the capital proved that others see the potential behind the idea as well - that surely is a great motivation boost!"
Mart Salumäe, another capital grantee and leader of Decomer Technology, claims that the funding helps them to achieve goals faster: "Thanks to the funding we can soon move on to industrial testing and planning the mass production." Salumäe also encourages everyone to use different opportunities and apply for such grants: "If you believe in your idea and you know why you're doing it - convincing others is a piece of cake!"
The ideas were evaluated by the jury consisting of entrepreneurs with scientific background and University of Tartu representatives: Sven Lilla (head of the jury), Kuldar Leis, Kuldar Kõiv, Indrek Tulp, Taavi Tamm, Aivar Pere and Vaido Mikheim (Tartu Science Park).
IdeaLab’s Mentor Feedback Carousel helps to unite startup community!
On 18th of October IdeaLab hosted a Mentor Feedback Carousel which brought together over 130 people, 37 teams and 16 mentors! Teams got feedback to their idea from different experts and by the end of the event, mentors gave play money checks to the teams they liked the best. The overall winner of the Mentor Feedback Carousel was team Vetik from Tartu Biotechnology Park!
Mentor Feedback Carousel is coming!
IdeaLab starts with a new pre-incubation programme!
The autumn season of the University of Tartu’s IdeaLab started on 20 September with Idea Hackathon, which was also the opening event of the STARTER programme and the new Fast Track Tartu programme piloted by members of the Tartu startup community.