TechHub Demo Day #8

Gediminas Rumšas

Head of TechHub Pre-accelerator

Dear all,

We are proud to present the graduates of the 8th cohort of the TechHub pre-accelerator. After three months of intense acceleration, we have the largest group of startups completing the program, and they are ready to showcase their progress at the Demo Day #8 event.

Due to the remote nature of this cohort, we managed to attract teams from all over Lithuania. The demand was exceptionally high, leading us to accept 28 startups to participate. As we have discussed many times, this cohort demonstrated unwavering dedication, working tirelessly to overcome obstacles. Their enthusiasm and passion for creating impactful solutions were unparalleled, setting them apart from the rest.

With this cohort, we celebrate a significant milestone of 160 startups successfully completing the pre-accelerator. We owe this success to our remarkable team of mentors and lecturers who have supported our startups every step of the way. Additionally, we extend our gratitude to our partners, investors, and business angels who have consistently shown great support for early-stage startups. Congratulations to each startup in this graduating cohort. Your journey has been inspiring, and we are excited to witness the impact you will make!

Warm regards,

Gediminas Rumšas

Lecturers and Mentors

TechHub Partners

Demo Day prizes are presented by

Startups of cohort 8

Following the global trends, the startups of cohort 8 are developing products and services, mostly based on IT solutions for various industries – from fashion to finance, health, agriculture and more.

Project maturity stage:

Idea: 14 %

More than a third of the startups already have first clients, more than 40 percent have full teams of professionals, needed for development and growth of their business, some have already attracted pre-seed investment.

Prototype: 71 %

Expansion: 5 %

Post sales: 10 %

Investment needs for further growth:

500k-1mln: 4 %

>1mln: 10 %

Not looking: 10 %

100-500k: 38 %

<100k : 38 %

QUADRIP

Confident Look

FIELD:

FashionTech?

Fashion platform (marketplace)

PROBLEM:

Quadrip addresses the pressing issue faced by professionals aged 30-50 who highly value their appearance but grapple with limited time and the rapid pace of changing fashion trends. As the world of ecommerce expands, consumers are often left overwhelmed by the virtually limitless online shopping options. People overconsume, overspend and waste tons of time but are left standing by the closet frustrated and thinking they have nothing to wear. Professional help is often very expensive, or lacking personalization.

SOLUTION:

Quadrip is providing a streamlined solution. The platform links fashion-conscious individuals seeking cost-effective, efficient ways to enhance their style and shopping experience with seasoned fashion experts. What’s more, Quadrip operates on a global scale, making it incredibly accessible as all its services are delivered online.

Thus, Quadrip turns the fashion frustrations of a time-poor, trend-driven demographic into a seamless, enjoyable experience, keeping them at the forefront of style with personalized, expert assistance. Unlike other platforms, we empower customers to take control of their styling experience. Rather than assigning customer a stylist, we provide them with comprehensive information about our stylists, including their portfolio, specializations, and customer reviews, to help customer find the perfect match. This ensures that the person customer is entrusting with their style truly aligns with their vision and personality.

BUSINESS MODEL:

Commission based. We take 20 percent from stylists each successful sale. Stylists services prices varies 30-300 pounds per service.

LOOKING FOR:

We have opened our platform this week to customer and are aiming to get first sales in the next few weeks. Money might not be the most important part as much as mentoring in proving the market fit and improving/scaling the platform. Most of the money would go to marketing as our initial market is UK, but will be looking into expanding globally.

OUR CLIENT:

Our potential clients are professionals 3050 years old based in cities and are in the higher income range.

MAIN COMPETITORS:

Stichfix, Wishi.me, lookiero, Individual established stylists, Fiverr, Amoire, Dailylook, Fiverr. These competitors either provide low price and low personalisation services or, high personalisation for prices reaching 300-600 per service. Quadrip offers high personalisation fashion styling, consultations etc. services for affordable prices.

OUR TEAM:

I am founder and CEO responsible for sales, customer support and overall business development with experience in customer support, sales, project management, market analysis and solution piloting (work on EU4Digital project aiming to develop ecommerce in EaP countries).

Then we have Vaidas who is platform developer specialized in websites development and SEO, and then Kriste who is a marketing specialist working on social media management and marketing

flats.lt flats.lt

Trustworthy and Seamless

Long-term Rental

FIELD: PropTech PROBLEM:

Unpaid tenants are the problem. This problem applies to all Landlords in the world.

SOLUTION:

Real estate management platform with the possibility to check potential tenants. The unique way of ensuring high ROI for Landlords.

BUSINESS MODEL:

It will be SaaS subscription based platform for anyone who owns a rental units, although our target is B2C. We will charge 10Eur per unit per month.

OUR CLIENT:

All landlords who have 5 and more units portfolio. In our estimates there are around 15M people in Europe. Our sandbox is the Lithuanian market and we have 3 potential customers who own ~100 real estate units in Lithuania.

LOOKING FOR:

For now we are looking for partners in Real Estate, to test the product. Then we will need help and/or funds for marketing.

MAIN COMPETITORS:

Turbotenant, SIMPL rent, homming.

OUR TEAM:

Rostislav - Product manager with Tech background, developing a prototype for Flats.lt. Started because owns and helps manage Real Estate portfolio of 5 units. Edgar - Product manager with Sales and IoT background. After living in the UK came back to Lithuania to invest in RE.

Currently looking for a backup for business development.

Friendly Textiles

From waste to valuable chiengora wool yarn!

FIELD:

Textiles research & manufacturing

PROBLEM:

Though cashmere itself is a natural and luxurious fibre, the cashmere wool farming is harmful and unsustainable. It is responsible for land degradation and desertification, it contributes largely to GHG emissions, resulting in global warming, it is responsible for water overconsumption, as well as animal welfare absence, to name just a few reasons.

SOLUTION:

Friendly Textiles has developed fine yarns from brushed-out dog undercoat. Brushed-out dog undercoat is a by-product (waste) of regular dog brushing. It is called chiengora and is equal or superior to cashmere; therefore, it is a sustainable high-quality alternative to cashmere and other high-quality natural wools.

BUSINESS MODEL:

Friendly Textiles is operating in the B2B market. We collect brushed-out dog undercoat, research it in order to develop best quality yarns, work with apparel, home accessories, furnishing brands in testing the yarns in the production of final garments. Then the sales follow.

MAIN COMPETITORS:

As Friendly Textiles is disrupting the cashmere wool yarns market, Friendly Textiles has indirect competitioncashmere yarn manufacturers. There is one company other than Friendly Textiles that is researching and developing chiengora wool yarns for the B2B market - YarnSustain Schönrock Uhl GmbH from Germany. We at Friendly Textiles see this German startup more as a future partner than a competitor.

OUR CLIENT:

Our clients are sustainability conscious luxury apparel, home accessories, furnishings brands and manufacturers.

LOOKING FOR:

We are seeking partners to plan and implement the collection of valuable waste (brushed-out dog undercoat).

OUR TEAM:

We are sustainability and chiengora wool enthusiasts, experts in our own different fields, striving to inspire future generations to value and use the resources that Nature gives us. Rasa Stankeviciute-Virbickiene is responsible for research and sales. She has a marketing consultancy experience, apparel production experience and is internationally published research author (fashion, luxe brands).

Evelina Lavrinoviciute is product developer with outstanding know-how and experience in spinning and knitting of chiengora, as well as other natural animal and plant fibres.

Agne Mikneviciute is a raw material expert, the one that begins the whole production process by hand sorting the raw chiengora wool (dog wool) fibre. At this point we are looking for an experienced cashmere textile engineer to join our team.

MaRichi Domes

Premium and Luxury FIELD:

Proptech / Real Estate PROBLEM:

We do not solve problem, we offer an opportunity. We offer a dome house, an EXCLUSIVE PLACE to live, create and rest all the year round. We offer a solution for happy and rich people to live more exclusive and happy life.

SOLUTION:

We are creating first in the world A++ heating class dome house. Our dome is an all-year liveable house, not just summer house. Made of wood, not some materials harmful for your health. And compliant with strict A++ energy efficiency standards – for those who care about the planet. The most incredible thing is the size of the dome. We can build up to 1500 m2 dome house.

BUSINESS MODEL:

We are selling houses. So we are making money by producing and selling project by project. We are are selling houses for individual and commercial needs. The process is like that: we sign the contract, get advance payment, we produce the house, assemble it in customer’s land plot and get the rest of the money.

OUR CLIENT:

We divide our target market in two parts: PARTNERS: architects, interior designers, real estate developers, real estate agents and FINAL CUSTOMERS: hotels, yoga, SPA centres, Air BnB operators, municipalities, private schools, universities. As we selling wooden houses, the market in EU of wooden houses is around 100 Billion Eur and growing 8% each year. At the moment we had 2 customers in Lithuania and made 7 commercial offers for potential customers and we are in negotiation stage with them.

LOOKING FOR:

We are looking from 500 KEUR investment. Our target is to enter United Kingdom and Scandinavian market, and to get first customers in these markets. We have open position for sales director in our team.

MAIN COMPETITORS:

JSC “Keter” from Germany and JSC “Domir” from Poland.

OUR TEAM:

Raimundas - author of our idea, professional graphics designer with more than 30 years of experience in design, creating various illustrations, logos, advertising materials etc. Ideas generator, always full of new ideas to implement.

Tautvydas - organiser of construction process. With 14 years experience in construction business, has huge experience in organising various construction processes, communicating with architects, engineers, various customers. Implemented tens of projects from individual houses till factories, commercial buildings, private schools etc.

Darius - father of wooden construction in Lithuania. PhD in engineering, teacher at Vilnius technical university, with more than 30 years experience in designing various wooden constructions, breaking the records by designing longest wooden constructions in Lithuania.

tautvydas@iconhouse.eu

Soverio

Unified “Front End” for payment processing

FIELD:

FinTech, SaaS

PROBLEM:

Many payment options exist with different user experiences and processes. Such an extensive list and combination of these methods create much pain for sellers, payment processors, and users.

SOLUTION:

Our solution creates a unified “Front End” for payment processing. It will unify the user interface and experience and will create a single interface for payment processors.

BUSINESS MODEL:

B2B transaction-based, with optional added-value services in the form of a SaaS subscription model.

OUR CLIENT: Business and government institutions across the world. Priority is for countries which already in the process of introducing Digital Identity Wallets.

LOOKING FOR:

We must speed up marketing and sales to acquire customers at the highest possible speed.

MAIN COMPETITORS:

We are still waiting. Many solutions are based on a generic digital wallet approach rather than digital identity wallet technology. However, many competitors will come soon when governments of various countries implement digital identity wallet ecosystems.

OUR TEAM:

We are formed of experienced information technology professionals who already have experience in running their own successful business.

Kombo Market

Healthier Together

FIELD:

AgriTech PROBLEM:

We saw that small farmers and people that want to become farmers, don’t have a marketplace to sell their produce. There are groups in social media’s, but they don’t have functions that are needed for selling food. Most of the food that is not sold is being thrown out.

SOLUTION:

So we decided to create a platform for small farmer’s to sell their naturally grown food products to people in our marketplace. This way we can atleast save some wasted food and help local farmers reach clients quicker and cheaper.

BUSINESS MODEL:

Our business model is c2c, b2c. We make money by taking fee’s from listing a product in our marketplace and selling it. And people also can make ad’s of their selling products in our mobile application.

MAIN COMPETITORS:

Supermarkets, barbora, ukisinamus.

OUR CLIENT:

Our clients are people - who are aged between 20-55. Who like natural food products, like a healthy lifestyle and like to save food. We haven’t done any ad’s and in a day we get around 50-100 people coming to our website and few hundred followers in our social media’s. We have contacted and put in our waiting list around 35-40 small farmer’s, who are willing to work with us in beta launch and around 50 people who will try out and test from clients pov.

LOOKING FOR:

Our startup right now need’s investment of 12k euro’s to kickstart it and create a marketplace. And also searching for some team members that would help from an IT side and marketing side.

OUR TEAM:

Our team now consists of 2 people:

Firstly - Benediktas Terminas who is our CEO. Previously - he was a lecturer at Gedimino Legionas about cybersecurity and was working in an IT company. Also joining Olympics of Economics.

And last, but not least - Emilija Adamonyte who is our CFO. Previously - she was working in school a lot on economics, going to the state Olympics of Economics. Both Teammates are still in school and learning their way into Business.

Negaminsiu

Enjoy celebration

FIELD: Online Marketplace PROBLEM:

We have lots of various occasions in our life every year. Preparation for our party – to find and order food – requires a lot of our time. Sending requests, making phone calls, getting disappointed hearing „no“, related to producers availability. There was no convenient way easily find everything what is needed and easily plan.

SOLUTION:

An online party food ordering platform for those who save time and prefer convenience. It helps easily find and order full party table for any occasion from producers throughout Lithuania.

BUSINESS MODEL:

B2C market segment. Commission based business model.

MAIN COMPETITORS:

Indirect competitors are Bolt Food, Wolt, Paslaugos.lt, Facebook. But none of them offers a simple way to order ALL party food in one basket in advance.

OUR CLIENT:

Our client is over 30 years, working, with medium and higher income, prioritizing easy solutions. There is over 1 million potential customers in Lithuania. 2000 buyers have already enjoyed their celebration ordering food for their party using this platform. More than 15% of them have returned 2 times and more. Number of customers is growing each month.

LOOKING FOR:

50K Eur investment into marketing and product development. Advanced IT specialist as a team member.

OUR TEAM:

Jurgita – 14 years experience in sales and customer relationship.

Lina – experienced in finance management and business development.

FIELD:

HealthTech PROBLEM:

Food intolerances and allergies make one of the most enjoyable pleasures in life complicated.

SOLUTION:

Users swiftly eliminate items that include allergens or undesirable ingredients by either scanning barcodes or searching for specific products.

BUSINESS MODEL:

It is a B2C project. We will offer users Pro (19,99 eur/annual) and Ultra (29,99 eur/ annual) subscriptions. Also, there will be additional revenue streams from affiliate programs with Brands and selling Food supplements.

MAIN COMPETITORS:

In USA and Western Europe countriesYuka, in USA - Fig.

OUR CLIENT:

Our client is a person who has food restrictions (allergies, avoid certain ingredients or is on a specific diet). At the moment we have ~100 registered beta users and the amount is growing fast.

LOOKING FOR:

We have a full team and we plan to validate idea in Lithuania and have 3000 paying customers. After reaching this goal, we will expand firstly to Baltic and Nordic countries, later USA.

OUR TEAM:

We have a full team which has experience in building our own new products and startups. Justas is a full-stack engineer with 10+ years of experience and is responsible for product development.

Julius is a digital Product Designer with over a decade of experience in the field.

Jolanta is an IT project manager who is building own products since 2017 and in Laito is responsible for product management.

Expy

Experiences in one place

FIELD: Entertainment Marketplace

PROBLEM:

Many of us have been in situation where we have been browsing for hours for new entertainment activities and experiences, making many phone calls to see if the service provider has a reservation spot on the weekend and eventually end up with nothing, since everything is booked. This problem is relevant for the business as well as it is hard to attract new customers and manage reservations effectively.

SOLUTION:

Expy allows you to list your entertainment services with an easy way to manage your bookings and take online payments. We are unique by personalize suggestion to the customer and turning a tough question: „what could we do this weekend?“ into an easy one.

BUSINESS MODEL:

Our business model is commission based where we would be taking a percentage per each transaction that will be made within our application.

MAIN COMPETITORS:

There are quite a few competitors that do familiar service: TripAdvisor, Viator, AirBnB Experiences, Booking.com Attractions, Gera Dovana.

OUR CLIENT:

Our clients are small-medium entertainment enterprises and customers who are seeking for great experiences that will create lasting memories. The entertainment market is constantly growing in Europe at around 12% per year.

LOOKING FOR:

Our plan is to sign partnership contracts with around 500 B2B Clients and go live in Lithuania market around September.

Eventually, within 1.5 years enter other Baltic countries market - Latvia, Estonia.

OUR TEAM:

Our team is proud to say that if combined we have been a part of building technological solutions for such big names as Cambridge University, T-Mobile, Sony and many more. Our experience cover fields of development, designing, marketing, managing products and projects. We also have quite a list of external network connections(Marketing and Business development) that we consult to achieve better results and overcome any obstacles.

InHive

Find your Hive, share the Vibe FIELD:

PropTech, Marketplace

PROBLEM:

InHive is squarely aimed at tackling the widespread issue of finding compatible roommates, a persistent hurdle affecting students and young professionals globally. This problem often manifests itself in disagreements and discomfort, significantly impacting one’s peace of mind and quality of life.

The perils of cohabiting with mismatched roommates can inject unwarranted stress and friction, leading to an unfavorable living environment. This discord can originate from a multitude of lifestyle contrasts such as differing cleanliness habits, noise tolerance, schedules, and social behaviors. InHive steps in to mitigate these issues, fostering a harmonious shared living experience.

SOLUTION:

InHive is an innovative platform devised to conquer the task of roommate matchmaking. Harnessing the capabilities of Artificial Intelligence, we’ve devised a distinct system that pairs individuals based on shared housing preferences, lifestyle patterns, and other crucial factors, setting us apart from other platforms.

To ensure accurate matches, users complete an extensive questionnaire that encapsulates their preferences and living habits. Our proprietary algorithm analyses these inputs, facilitating compatible matches by considering factors such as cleanliness, noise tolerance, schedules, and social habits.

In addition, InHive acts as a bridge connecting users to rental properties that align with their budget and desired locations. By streamlining both the roommate matching and property sourcing aspects, we’re revolutionizing the renting experience and promoting harmonious shared living.

BUSINESS MODEL:

Our business model is a blend of B2C and B2B. For students, we provide a platform that uses AI to match roommates and adds a nominal service fee to the monthly rent. For property owners, we offer property management services, ensuring their properties are optimally occupied and well maintained. This dual revenue stream allows for a sustainable expansion of our business.

MAIN COMPETITORS:

In our initial market, London, our main competitors include co-living spaces like Gravity Co-Living and online flatsharing platforms like SpareRoom, as well as traditional letting agencies. However, our unique value proposition lies in our AI-driven, user-centric service. Unlike others, we offer a comprehensive solution, addressing not just the property search, but also the compatibility between potential flatmates. This unique blend of services, together with a freemium model for landlords, sets us apart from the competition.

OUR CLIENT:

Our clientele are international students seeking to share properties across major European cities during their studies. With an estimated 20 million university students moving around Europe each year, we are tapping into a substantial and evergrowing market, ripe with immense potential for growth.

In terms of traction, we have already registered tens of excited users on our waitlist and are seeing consistent weekly growth. Our social media platforms have an engaged and steadily growing follower base. We also have a robust mailing list, allowing us to keep our users updated about new properties, features, and developments.

LOOKING FOR:

InHive is actively seeking an investment of €500,000 to propel our product launch in the bustling London market. Our primary objective is to acquire 8,000 active tenants and engage with 3,000 active landlords within the first year of operation. The capital will be strategically allocated to scale our team to 44 dedicated professionals spanning essential areas such as engineering, sales, and customer support by the end of Q4.

Our business model is structured for scalability, but we also understand the criticality of establishing a robust foundation. Consequently, our immediate focus is on securing a significant presence in the UK market, a sector we believe is primed for the distinctive roommate compatibility service we offer.

Ultimately, our aspiration extends beyond merely launching our service; we aim to become the go-to platform in the market, revolutionizing the way students find their homes. The investment we seek is not just to fuel our growth but also to ensure we uphold the highest standards of service as we rapidly expand.”

OUR TEAM:

Our team is comprised of two passionate students who have personally grappled with the challenges and frustrations of roommate searching during their studies. Fired up by these experiences, we are determined to disrupt the co-living landscape for good.

Rokas, our technical specialist, is currently honing his AI skills in a prestigious PhD program at University College London. His academic journey began with a master’s degree in Computer Science, specializing in AI and Machine Learning, at the esteemed Imperial College London. But Rokas’ expertise extends far beyond the classroom. He’s put his knowledge into action during an internship with the Deep Learning team at MathWorks and took the reins of tech at UAB Ribena. Rokas also brings practical business development experience to the table, gleaned from his internship at KPMG.

On the other side of the equation, we have Ignotas, our sales lead. As he pursues a BSc in International Business and Communications at ISM University, Ignotas is passionately diving into every learning opportunity. He’s honed his sales and data management skills in a dynamic setting during a summer internship at Whatagraph. Despite our confidence, we’re realistic. We understand the magnitude of the challenge that lies ahead. With this in mind, we are actively seeking to add a Business Development specialist as well as seasoned avisors to our team. Our blend of technical prowess, business savvy, and firsthand experience with the problem at hand fuels our drive to revolutionize the process of finding roommates. We’re not just looking to be part of the system— we’re striving to redefine it.

Billoka

Empowering Healthier Grocery Choices

FIELD:

Health Tech

PROBLEM:

Poor dietary choices continue to pose a significant threat to global well-being, leading to a surge in chronic diseases and premature deaths worldwide. Alarmingly, the consumption of harmful food, such as refined grains and added sugars, escalates yearly which today translates to over half of our daily calories coming from unhealthy ultra-processed foods. However, 80% of consumer desire to buy healthier groceries but lack the necessary tools and time to navigate the labyrinthine world of food labels and uncover the hidden harmful ingredients within.

SOLUTION:

Our mobile application aims to transform the grocery shopping experience by sustainably transitioning users from unhealthy food choices to nutritious alternatives. What sets us apart is our technology that automatically gathers grocery receipts from various retailers and processes them in bulk, efficiently identifying harmful ingredients, calculating personalized food scores, and providing recommendations.

BUSINESS MODEL:

B2C - freemium (5 eur. monthly or 30 eur. anually)

B2B - affiliate partnerships with nonfood producing health brands (e.g. blood test clinics) and data licensing to food manufacturers.

MAIN COMPETITORS:

Yuka, Expensify.

And while there are big and very successful existing players in the market, we differentiate ourselves through technological innovation, and seamless integration with grocery stores.

OUR CLIENT:

We target early adopters among healthconscious individuals who prioritize ingredient transparency (~60 million in Europe). We plan to utilize online channels such as social media and app stores. We already have 100+ people on our waiting list.

LOOKING FOR:

We need an investment of 100K to attract the first 10 000 customers.

We are more than enthusiastic about collaborating with a knowledgeable dietitian to provide our users with an even more tailored and personalized experience.

OUR TEAM:

Alius Kubilius, bringing 15+ years in sales, leadership, and financial planning, is a seasoned strategist. His past triumphs in building and selling an international business now inform the sagacious guidance he provides to this startup.

Ineta Plytnykienė, with 10+ years in graphic design and UX/UI, is the architect of strategy and engagement. It’s a cogent synthesis of marketing, strategy, and design.

Mikas Pribušauskas, a software engineer with 7 years of expertise, lends cutting-edge knowledge in software architecture, blockchain, and AI, ensuring a technologically robust foundation.

Seamless On-Chain AML Compliance for Evolving DeFi Ecosystem

FIELD: RegTech

PROBLEM:

The problem at hand is the introduction of the Markets in Crypto-Assets Regulation (MiCA) by the European Parliament in April 2023, which requires decentralized virtual asset service providers, including DeFi (Decentralized Finance) protocols, to comply with AML regulations.

However, there is currently a lack of fully decentralized AML compliance solutions tailored for DeFi, as existing options primarily offer centralized approaches. This poses a challenge as DeFi protocols must adhere to the new regulatory requirements within a 12 to 18-month timeframe.

A decentralized AML compliance solution needs to be developed that aligns with DeFi’s characteristics, satisfies MiCA obligations, and addresses challenges such as transparent blockchain transactions, the absence of intermediaries, and the need for automated compliance while maintaining user privacy and security.

SOLUTION:

micapass is an advanced on-chain AML compliance solution designed specifically for DeFi protocols, providing seamless scanning and identification of bad actors to ensure regulatory compliance and mitigate the risk of potential sanctions.

Its groundbreaking approach enables AML compliance without modifying the existing DeFi business model, as the cost is assumed by users, while maintaining user anonymity through on-chain proofs instead of storing actual data.

By implementing micapass, DeFi protocols can proactively address AML compliance, enhance security, and unlock collaboration opportunities with institutional players in the industry.

MAIN COMPETITORS:

Blockpass, Sumsub, Identity, and Civic are well-known players in the field, but they are not direct competitors due to their centralized approach. In contrast, Quadrata is the closest competitor to our ongoing decentralized AML solution.

OUR CLIENT:

Our target clients are Decentralized Finance (DeFi) applications: decentralized cryptocurrency exchanges (Uniswap, SushiSwap, etc.), digital wallet providers, services providing staking pools, custody, etc. DeFi Market CAGR is 42.5% in 20232030.

We have contacted 5 DeFi protocols, 4 of them are interested in future collaboration, we have 1 LOI. We are having partnerships with private R&D company SUPER HOW?, KYC/AML verification & monitoring provider Ondato, and ongoing discussions with top leaders at crypto address screening & monitoring - Chainalysis.

LOOKING FOR:

Our startup requires $150K to complete the Minimum Viable Product (MVP), initiate the go-to-market strategy with a beta launch, and onboard 2-3 pilot partners.

BUSINESS MODEL:

In the B2B2C model, micapass provides a free-of-charge, on-chain compliance solution to DeFi protocols. We charge the customers of these protocols for AML screening and monitoring services. As intermediaries, we bring off-chain KYC/ AML data to the blockchain, utilizing proofs that serve as evidence of the data, instead of storing the actual data itself on the blockchain.

OUR TEAM:

Gintarė Košubienė, CEO, Co-Founder, PMP certified project manager, 5y+ experience in digital passports industry, senior product manager at R&D Super How? specialized in DARQ technologies, proven history of leading digital identity, privacy, CBDC, securities related projects.

Tatiana Afonina, CTO, Co-Founder, Certified Blockchain architect, with 15y+ experience in software engineering, proven history of leading stable coins, privacy, digital identity related projects.

Justas Rozenas, CMO, Co-Founder, Creative Director at one of the biggest news portals in Lithuania (15min.lt), with more than 15 years experience in marketing.

Diverse team with expertise in regulations, blockchain and identity.

g.kosubiene@gmail.com

Work or Holiday

All in one solution for easier workation management

FIELD:

Travel PROBLEM:

Companies struggle planning efficient and complex workations. Many organizations find it difficult coordinating workations, including booking travel, tracking expenses, and keeping employees engaged and updated throughout the process. This often leads to time-consuming tasks, scattered information, and missed opportunities to ensure a purposeful and measurable workation experience.

The demand for efficient workation management solutions is likely to grow on a global scale as workation becomes more as a program rather than a single one-off. Especially, when there are more and more companies working hybrid or fully-remotely.

We believe the problem lies mostly on the shoulders of HR departments, travel managers, or executive teams responsible for planning and managing workations within their respective organizations.

SOLUTION:

Work or Holiday solution will allow companies of any size to effortlessly manage the entire book-travel-report process in one place and keep their employees engaged and updated through out the way. With our platform, companies can not only handle the logistics of workations, have an access to a shortlist of speakers/mentors, but also set specific goals and track the results ensuring a purposeful and measurable workation experience.

OUR CLIENT:

We are currently looking for early adopters to test our platform which is still in the development stage. Our clients are B2B hybrid or fully remote companies located in the Baltics.

BUSINESS MODEL:

The main source of income for Work or Holiday is to offer Travel as a Service platform. Customers can choose from the following packages:

1. Starter - Free (limited features)

2. Pro - 69 Eur/month (monthly plan) | 49 Eur/month (quarterly plan) | 29 Eur/month (annual plan) (all app features)

3. Custom - 35 Eur/ team member (all app features + your dedicated workation specialist + 1-on-1 calls, consultancy)

Fees will apply: minimum $2 fee per booking, maximum $30 fee per booking.

In addition, Work or Holiday will also benefit from commissions and partnerships with local suppliers.

MAIN COMPETITORS:

“Our main competitors are based in the US or Australia, and are focusing on their local markets. When it comes to Europe, there are a few travel agencies or one-off retreats that can offer workations, however, their platforms are not as suited for B2B.

The list of competitors: https://boompop.com/enterprise https://www.kennedyevents.com/ https://www.nextretreat.com/ https://www.planretreat.com/ https://www.travelperk.com/ https://www.surfoffice.com/work-retreats https://workation.com/ https://www.midstay.com/ https://onworkation.com/ https://www.teamout.com/ https://offsiter.com/destinations https://www.thriver.com/”

LOOKING FOR:

Our startup needs a small investment of 102 000 Euros. We will use the money to fund platform development, and get the first 50 clients.

OUR TEAM:

Inga Gutarevaite: Head of Sales

6 years in the travel industry

Track record of generating $300,000 - $400,000 in revenue every month

Great network of travel suppliers & contacts

Morta Graiciuniene: Head of Marketing

8 years experience in marketing (6y in travel)

Generated over 600K in revenue in 2022 with email marketing alone Manages a team of five specialists

Alex Santos: CTO

3 times B2B SaaS founder, 1 acquisition 50 mil investment raised 12 years in IT development

Morta and Inga both worked for Firebird Tours - premium travel operator in the US focusing on European market and have a great insight of travel industry. Since the start of Work or Holiday, Alex has joined as an experienced CTO and will be helping to build the solution. Work or Holiday will be his 5th SaaS platform. We will be looking to expand the team and hire additional developer, logistics/event planner and customer support intern.

KiDrive

Carpooling Solution for Busy Parents

FIELD:

Child Carpooling Technology

PROBLEM:

Busy urban parents globally spend too much time commuting their kids to school, extracurricular activities, and back home. This leads to stress, negative emotions, traffic jams, and increased CO2 emissions.

SOLUTION:

We will provide a platform where verified parents living nearby carpool their kids to schools and extracurricular activities, the rides will be easily organised, we will hold GPS tracking, in-app payment system and additional accidence insurance during the rides. The solution gives at least 5 major benefits: time saving for parents, up to 2 hours per day; reducing daily stress; ensuring safety during rides; decreasing traffic loads and strengthening communities.

BUSINESS MODEL:

It is a B2C business model based on subscription (5EUR/month). In the first year, we plan to launch in Lithuania and achieve the first 650 customers, while during the second year, we plan to expand to Poland and grow up to 7.4K customers. Later on, there will be expansions to Spain, Portugal, and other markets. We are planning to have 50K users and 3M revenue by the end of 5th year. We also plan to expand the service and introduce paid drivers (also parents).

MAIN COMPETITORS:

Bolt, Uber, Vaikų taksi, GoKid, Blablacar, HopSkipDrive, Kango.

OUR CLIENT:

Our clients are busy urban parents, and our primary markets will be Lithuania, Poland, Spain and Portugal. Our service obtainable market is almost 1 Million schoolchildren from 6-16 years old from the leading cities who normally commutes to school by car. Currently, we have 1,000 potential clients who have voted for the preferred solution on kidrive.me, and 100 clients have already signed up for our service.

LOOKING FOR:

We need 100K investment to build an app and start operating. We are also looking for a full-stack developer for the development of the app.

OUR TEAM:

Our team currently consists of three individuals. As the founder, I bring 5 years of journalistic experience and 5 years of Recruitment + Sales experience to the table. With a broad network of connections, I will oversee the Marketing and Business Development areas.

Arūnas Penkaitis is an experienced and certified CEO, Agile coach, and certified Agile Scrum Product Owner® (CSPO®) and Agile professional (ICP®). With over 20 years of experience in the IT industry, Arūnas has a demonstrated history of integrating and transforming various business companies into digital entities and fostering an Agile mindset and values. He will be responsible for Technology and Business Development at KiDrive.

Karolina Smyrnova is an IT and CSR specialist with previous startup experience. Her role at KiDrive will focus on ensuring a seamless customer experience.

Ieva Kazlauskaitė

CONTACT:

8 623 70488

kazlauskaite.ieva@hotmail.lt

WISL

Fuel your passion for sports by connecting with like-minds FIELD:

SportTech PROBLEM:

WISL is a streamlined system that provides all the tools to gather a local sports squad in no time.

SOLUTION:

WISL is a solution to connect you with players, oversee stats, and choose venues in one simple app.

BUSINESS MODEL:

Subscriptions for premium users, special offers for companies.

MAIN COMPETITORS:

RacketPall in UK, otherwise, people are using Facebook groups, various other media as Viber, WhatsApp etc. to find their sports partners.

OUR CLIENT:

People regularly doing sports of any kind. We are working on B2B models to operate companies’ employees sports activities as well as B2C by providing a tool for users to match others.

LOOKING FOR:

At this moment, we want to build our customer base. Targeting companies is key for us in this stage.

OUR TEAM:

We are a team of sports enthusiasts, at the same time - technocrats in their field. Main co-founders Tomas Stundys and Edvardas Tamkevičius are business lawyer and CFO respectively, actively working in startup community. We also have IT team and one angle investor in the back, working as a team member.

+370 612 36134

CONTACT: Tomas Stundys

stundyst@gmail.com

Tradegan www.tradegan.com

Tradegan - the best sidekick for Traders

FIELD:

FinTech, InvestTech, SaaS, Consultancy

PROBLEM:

Lack of experience of Retail Traders. Inexperienced traders often face challenges when it comes to overseeing the market, conducting analysis, blindly relying on untested strategies, and neglecting potential risks.

Human limitations. Human traders face limitations in 24/7 markets - fatigue, errors, and emotional biases.

SOLUTION:

Tradegan provides custom strategy automation, parameter discovery, and backtesting simulations. Automate unique strategies, find optimal parameters, and adapt to market conditions. Transform your trading with Tradegan.

BUSINESS MODEL:

Tradegan utilises three monetization strategies: SaaS for B2B clients involving onboarding and maintenance fees. Consultancy services charged on by the service provided Features subscription for retail traders.

MAIN COMPETITORS:

Algo Trading platforms such as: “3commas”, “Cornix”, “Hummingbot”. But for advanced traders they are not suitable because of their limitations and lack of flexibility and customisation. And for amateur traders they sell false hopes instead of facts. Tradegan targets to fill this gap.

OUR CLIENT:

Tradegan caters to forward-thinking traders (50M globally) and serves various customer segments: Individual Traders: Empowering individuals to automate and optimize their trading strategies.

Investment Firms and Hedge Funds: Offering advanced algorithmic trading solutions for a competitive advantage.

Financial Institutions and Brokerage Firms: Providing a platform for enabling clients to automate and backtest their trading strategies.

Project currently operates in stealth mode and provides early access on demand only. Starting from May 1st there are 16 BETA testers onboarded and growing. Preliminary B2B contracts in early developments with projected annual income of 360k (180k ARR).

LOOKING FOR:

We are seeking angel investors interested in shaping our products and taking them to market. As well we might accept 800k investment for 20% of company shares, dedicated to growth and marketing.

OUR TEAM:

Tradegan was bootstrapped by 3 experts from different domains (Data analysis, Business development and Trading) and now the team consists of 9 people. (4 engineers, 3 analysts, 2 business).

ConnectiPrint

A place where print shops and customers get the best deal

FIELD:

Marketplace - auction platform

PROBLEM:

Printshops - need orders, Customers - find it hard to get custom printed products at best price or quality and on time.

MAIN COMPETITORS:

None. A such platform does not exist. As mentioned before - there are such as Freelancer. com, fiver.com.

However, these are more oriented to serve IT specialists and designers.

As a print shop owner I tried to use these to find customers but was unsuccessful. I could not find a place to find such order requests from customers.

To some extent I can relate to public procurements organised by the government. They use their simple websites to find producers for the police, army, health organisations and it gathers interested print shops. On the other hand, if there was a simple and reliable platform available for companies and individuals - customers may start to use it as government organisations do at the moment.

OUR CLIENT:

Our customer base can be differentiated into several categories

-Printing, advertising companies

-Companies and individual customers with custom printing needs

SOLUTION:

An auction platform, where print shops and customers with custom printing needs meet. So far there is no solution, where a struggling print shop could directly acquire customers. On the other hand businesses that need custom branded clothes, paper prints or other advertising products, find it hard to get the best price, good quality and at the required time.

The platform would be suitable to find the less busy and more caring print shop for the end customer. It would also protect the customer in consideration of quality and deadlines. On the other hand the customers would save time and money as they would avoid going to overly packed or poorly performing print shops.

The print shops (advertising producers) would also benefit by having a unique place, where they could find opportunities to get customers, without investing into marketing or working with inefficient sales campaigns.

The auction model is fairly used for digital services in Fiver.com, Freelancer.com. However none of these are adapted to serve the printing industry directly.

The strongest printing companies (printful, printify) provide the printing services directly as the main producer (although some of the production is done by subcontractors).

Considering these factors I assume the platform would be serving an unaddressed existing need in the market.”

BUSINESS MODEL:

A digital auction platform. Middleman between printing businesses and customers with custom printing needs. Purely based on digital sales - no machinery or centralised production facilities needed. Serving businesses as well as individuals with smaller or bigger quantities.

Money would be acquired through transaction costs (and/or protection fees)

A simple model would be:

Customer submits a request -> Print shops submit their offers -> Customers accepts the most suitable order (individually by choice - in terms of price / quality / speed) -> Customer pays for the products -> Platform collects money and holds until the end user is provided with the finished products -> Customer confirms the quality, time of arrival -> Payment is issued to the producer

The model protects the customer as well as it motivates the producer to provide high quality prints and deliver them on time. We get a small proportion (0.5-2%) of the transaction.

A typical order for a mid sized company with 100 employees would be 100 t-shirts - equal to 10002000 euros. Such a transaction cost would be from 5 to 40 euros. A price that is not significant to the print shop nor to the end customer, but significant to the platform.

-Governmental organisations seeking to find the best deals for custom printed products

The Printing market: Global - 489.6B dollars European - 81.4B euros.

The small gift shopper may qualify but lets put more emphasis on a higher level. Nearly any organisation with 10 or more members at a certain point decide to print custom branded clothes or other products with their logos. Looking forward, all of the bigger organisations invest in their brand visibility and provide custom apparel to their staff and even customers, partners, etc. Governmental organisations have a need to buy custom branded products and often struggle with having fair deals.

I have been developing my company - MB Am spauda for 5 years.

From my personal experience in the printing business in Lithuania I have learnt about the difficulties to acquire customers and understood my customer needs. For example, I believe such a platform would highly benefit me as a print shop owner. It would be easy to attract other printing businesses to join the platform as there would be no costs associated with being registered.

The platform would benefit from the customers ordering custom prints from other print shops as there would be transaction costs or protection fees. I do understand it will need lots of investing into marketing to reach the end customers..

LOOKING FOR:

I believe I need somewhat around 50-100k to develop a platform itself.

(As I am now building my Print on demand platform for Am spauda - I know the costs and the process of the development)

Currently I will pursue to get the proposals from IT companies and see if I can create a demo website at lower costs and provide some proof that my platform can work.

Additionally I may need 50-100k for advertising to test my platform in European markets. Further needs for investments would be more clear as we proceed with the development and testing in different markets. The ultimate goal would be USA as it is the biggest market. However I am not capable to determine the right amount needed to enter such a market and whether it would be possible to fund this marketing campaign from incoming sales or additional investments would be needed.

OUR TEAM:

Currently I am the person with the industry knowledge and the idea. I do have some people in mind, which I would like to hire to work with me. I would undertake the business development position, but would search for a designer, IT developer and a sales person.

I am willing to provide more details about my team and consider the candidates only after I get an interested investor. I need to see that my idea has some validity and I would pursue finding good partners. It may be possible to work with employees or service providers (other subcontractors) instead of shareholders.

www.rocketassistance.com

Rocket assistance

On-demand roadside assistance, anytime, anywhere!

FIELD:

Insurtech, Logistics

PROBLEM:

Slow, manual processes of finding towing trucks near a specific location. Which takes a lot of time, it’s expensive, with low customer satisfaction level.

BUSINESS MODEL: B2B, commission based.

SOLUTION:

Automatic search and booking system for roadside assistance service providers on demand.

OUR CLIENT:

Insurance companies, car dealerships and construction equipment rentals.

MAIN COMPETITORS:

In the US and Canada, many companies and startups are launching the same system, the largest of them is Urgently, and we also found competitors in India and the UAE. In the EU, there are companies that provide similar products, but manually or partially automated. Such as Redgo, Altas assistance.

LOOKING FOR:

We’ll need investment for expanding, after we launch the product, sign the first contracts and onboard at least 200 partners.

OUR TEAM:

CEO Matas Motiekaitis, 12 years of experience in Insurance (Head of B2B sales), and leadership. CTO Tadas Domarkas, Senior full-stack developer, with experience in creating and managing big projects. Product manager Renat Nasirov 13 years of experience in Insurance B2B, 4 years in startups working with research, sales, and client onboarding in the automotive sector.

NextCycle

Cycle trough the market with ease

FIELD:

Online marketplace

PROBLEM:

Due to increased popularity in sports and outdoor activities after pandemic people started to work out more. One of the more popular sports fields is cycling, which grew by 10% each year for the past 5 years. This caused shortages in supply chain and left consumers without possibility to purchase a new bicycle, therefore this left an open gap for used bicycles. Currently in Europe there are only 2 mature, safe and easy to use marketplaces for both buyer and seller.

SOLUTION:

Marketplace platform specifically focused on the simplest way to pick the perfect second-hand bicycle & purchase it with ease and safety. This marketplace will serve as a hub for B2C and B2B clients that are into cycling. Clients will be able to purchase a used bicycle with ease and confidence & our business partners will be able to have their own online stores in our application.

BUSINESS MODEL:

B2C & B2B commission based business where B2B partners can have their own place in the store. We are expecting to gain income from additional services like shipping, bicycle inspections & quick reselling.

MAIN COMPETITORS:

Currently we have two direct competitors in Europe which are BuyCycle (DE) & BikeFair (NL).

OUR CLIENT:

We are focusing on users that are actively cycling and selling or buying bicycles that cost more that 500 euros, but we still encourage other bicycle owners to use our platform for secure payments and ease of use. Currently our focus market is Europe with more than 39 million buyers per year.

LOOKING FOR:

We are looking for initial investment of 70,000 euro which will cover the costs for marketing and marketplace development and help us reach our goal of 500 sold bikes in Baltics per month. Currently we are searching for a colleagues that could help us with IT & Marketing.

OUR TEAM:

Currently the team consists of two people Mantas & Simonas.

Mantas is a semi-professional cycler for the past 3 years and knows the community very well, moreover he has 5+ year experience in sales and business development.

Simonas has experience in various fields like sales & marketing, latest experience - 2 years of product ownership which includes new product development and support. Currently searching for IT & marketing competencies.

OUR TEAM:

Welfi

Investments well done FIELD:

Fintech, WealthTech, Robo advisory, investment

PROBLEM:

There is access to investing platforms, but a lot of decisions need to be made, a lot of technical information. Investment efficiently and properly is complex. Young investors make mistakes or get scammed while investing, their investments are suboptimal or not aligned with the financial situation and objectives. It becomes stressful and overwhelming even deciding where and how to start. This is a global problem, but the scope pf this problem as we studied and addressed it is in the European countries.

SOLUTION:

Welfi is an investment platform that simplifies the investment proces for savers regardless the experience or financial knowledge. By answering simple questions, users receive personalized investment plans, generated by our algorithms. The financial planning process is systematized, automated and streamlined in a way that makes investing simple, efficient and easy to start.

MAIN COMPETITORS:

Financial advisors - Such as those that are independent or offer products on behalf a company i.e. Compensa. Lending or crowdfunding platforms that promote as a good option for investingSuch as Savvy, Lendy, Finbee. Banks and cash - Revolut, Swedbank, SEB, Luminor, etc. that’s where our target customer currently holds their savings. Brokers and self-served investmentsRevolut, Interactive Brokers.

BUSINESS MODEL:

Our business model is B2C, we earn revenue by charging a percentage on assets under management. The charge is monthly, and it can be debited from the customers investment account.

OUR CLIENT:

Our customer is located in the European Union, has a bank account. Earns at least the minimum salary (or maybe is working part-time while finishing studies). We estimate a potential market size (regionally adjusted first to Lithuania and Baltics) of 1,375,866 potential users. We have already a signup list for early interested people with such demographics. On the behavioral side most of them have an objective in mind or are interested in investing.

LOOKING FOR:

We need approximately 508K EUR, distributed in a three-year stage for our product ramp up. This would involve the setup of the company, the acquisition of 9.7K customers within that year span, who would invest 3.3K EUR on average at a year with a reinvestment rate of approximately 40%

This would generate our first 52 million AUM (Assets under management), which would result in a revenue diaspora of 743K EUR, on the third year the breakeven point would be reached.

Gintarė Kazlauskaitė (Artist) is studying management, global business and analytics at Vilnius University. She is currently a Communications Coordinator at the Student Representative. She has a lot of experience in coordinating her photography and the Student Representation’s Facebook, Instagram, LinkedIn and website pages. She is able to evaluate outreach results, develop communication campaigns, choose the right color scheme, prepare eye-catching visuals using the Adobe package, write texts correctly and coherently, create eye-catching content and analyze results.

Gintarė provides professional photography services, photographs events, celebrations and personal photo shoots. Since her school days, she has been actively involved in various activities, where she took on coordination and organization work and created her first business. Through traveling, working with students, and being part of various youth organizations, she has learned to communicate with different types of people, and to provide help and information on various issues.

Gustavo Mota (Profesor) is a finance and fintech expert currently studying a Finance and Banking master’s degree at Vilnius University. He has relevant experience working financial institutions such as funds and corporate and investment banking, in 2020 he decided to fund and create a platform for wealth management and portfolio optimization regulated under the Mexican financial markets. He has experience in banking operations, listing and system workflows of financial instruments. He knows full-stack development (python/django, Boostrap/SCSS, PostgreSQL), and applied Machine Learning to finance. He will contribute to the project by designing the investment platform product and by translating the financial theory into system requirements. By leading teams to exceed client satisfaction, Gustavo demonstrated soft skills like effective communication, teamwork, and problem-solving.

Justas Giraitis (Magician) has a strong strategic mindset; he brings a wealth of experience in developing and executing successful marketing strategies across multiple channels. As a student of global marketing at Vilnius University, Justas has a deep understanding of the latest trends in the industry, giving him a modern perspective on how to drive business growth. His expertise in analyzing competitors, performing data analysis, and preparing data-driven reports, means he is equipped to develop strategies that are grounded in market research and insights. Justas has a proven track record of collaborating with colleagues from different departments to deliver successful outcomes. His ability to identify gaps in the market and develop effective solutions to meet customer needs is a significant asset to any team. In addition to his professional experience, Justas has also gained valuable skills through his volunteer work as a student representative. This experience has equipped him with the ability to work effectively in a team, communicate effectively, and manage conflicting priorities. Justas understands the importance of building strong relationships with colleagues and stakeholders and has demonstrated an ability to lead projects to successful outcomes. These skills will prove invaluable, where collaboration and effective teamwork are essential for success.

Move forward FIELD:

Health Tech

PROBLEM:

Psychological health stigmatisation and accessibility, More than one in five U.S. adults are estimated to live with a mental illness, and much more are experiencing less severe psychological conditions such as stress at work or anxiety.

SOLUTION:

Easy to use application where people can find all the information about physical and psychological help near their location. Also, government-provided help options. But the solution is unique because the person can chat with an AI-powered and specific datatrained buddy, which will help people relax, move away from their anxiety, and more.

BUSINESS MODEL:

Our business model is subscription based (monthly, yearly).

MAIN COMPETITORS:

Various companies are working on this problem. Companies with the closest idea and processes are Woebot and Wysa.

OUR CLIENT:

B2B2C. We have a waitlist with 500+ email registrations generated organically.

LOOKING FOR:

We are looking for are 50k euros investment and team upgrade(specifically for one more developer and psychology specialist). With this investment, we can properly launch the product in the baltic states market.

OUR TEAM:

Our team has deep knowledge of sales, marketing, and artificial intelligence processes. Right now, we need psychology specialists.