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 opened an exceptional season
University of Tartu students won two first places at international pitching competition in USA
On Friday evening, 23rd June University of Tartu teams took the two first places at the final competition of an exclusive NGAL® business development program. Among ten student teams from Estonia and USA, Cody was selected to be the winner and got 3,000 USD to implement their idea. The second place and 2,000 USD went to the Coulomb Sailing Group, a space technology start-up grown out from EstCube.
NGAL 3.0 Tartu camp: learning, working hard and getting new experiences!
As the first and second day were full of interesting talks and valuable lessons, we decided to put some more focus on teamwork and getting things done during the next days. However, those days were full of new experiences: meetings with experienced investors, lecture on history, tour at SPARK and University of Tartu, trying out Estonian sauna and visiting Narva, the easternmost point of EU!