04.03.2021 - Startups, Green technology

Greentech startups from over 40 countries seek collaboration with Latvian market-leading companies

The first sustainability co-creation accelerator in the Baltics, Future Hub, has closed its application process, attracting over 160 GreenTech startups from 40 countries. Fifteen selected startups, together with enterprises joining the program, Swedbank Latvija, Latvenergo, Rimi Baltic, Orkla, and Rigas Namu Parvaldnieks, will kick-off the two-month-long co-creation program on March 8.

Swedbank Latvia and Helve created Future Hub to foster the development of innovations that offer sustainable solutions and aim for a better future. While similar programs are common over Europe, this is the first co-creation accelerator in the Baltics. During the program startups will be given the opportunity to work on market-leading enterprises’ current sustainability challenges. 

Accelerator’s main sustainability focus areas are reflected in applications from startups. The greatest interest (more than a quarter of the applications) was received from Smart City and Energy startups, followed by startups operating in the Circular Economy and Food sectors. Supply Chain Logistics and Mobility rank third.

Organizers report that more than 160 applications from 40 countries worldwide were received. Latvian startups showed the most significant interest – 18 applications were received. Lithuania and Estonia are not far behind, with 11 applications from each country. While German, Finnish and Swedish startups also showed substantial interest, applications were also received from Australia, the United States of America, as well as Asian and African countries.

Market leaders with sustainability challenges and teams prepared to work with startups have already joined the accelerator. Swedbank Latvija, Latvenergo, Rimi, Orkla, and Rigas Namu Parvaldnieks are among those companies and will all present their sustainability challenges and their significance globally at the accelerator launch event. 

Source: labsoflatvia.com

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