24.02.2023 - Healthcare, Startups

Longenesis makes it into Entrepreneurship World Cup top 100

The digital health startup Longenesis has made it into the Entrepreneurship World Cup (EWC) top 100, beating competition from 30,000 companies. Longenesis will take part in the Global Finals in Riyadh, Saudi Arabia, from 10 to 12 March.

Emīls Sjundjukovs, co-founder and CEO of Longenesis, says that the Entrepreneurship World Cup is an opportunity not only to meet startups from all over the world and exchange experiences, but also to speak out loud to the whole world by representing Latvia in the finals.

“Our team is delighted with this success: it is further proof that we are working on technologies that bring added value to the international market. We are delighted to see the Latvian flag among the countries that have made it to the Global Finals. Together with the team, we are preparing for the finals with the aim to share how the technologies created here in Latvia are shaping mechanisms for health research and supporting patients globally,” says Sjundjukovs.

The Entrepreneurship World Cup has the highest number of finalists from Europe (28), South America (20), Asia (17), North America (14), and the Middle East (12).

The Global Finals winner is expected to receive 300,000 US dollars, 2nd place 200,000 dollars and 3rd place 150,000 dollars. Finalists in other categories will also be able to compete for individual cash prizes and investments for business development. Top100 finalists will have access to a range of discounted services and support from providers such as AWS, Freshworks, Google Cloud, Hubspot, Stripe, Zoom, and others, with a total of 100,000 US dollars in support.

Speeding up clinical trials

Medical data is sensitive and confidential, which poses various challenges for researchers who need large amounts of data. The digital health startup Longenesis offers a platform for biomedical organisations to speed up clinical trials. It does this by providing direct communication with biomedical research organisations for the secure processing and use of data for research purposes. Longenesis enables doctors and scientists, in collaboration with patient organisations, to make themselves more visible to a wider audience, and to find collaborators and research funders for developing new treatments against disease.

Last year, Longenesis won a 100,000 euro investment from .Cocoon Ventures at the Startup Day conference in Tartu, Estonia. In 2021, Longenesis won the Fifty Founders Battle competition at the technology and startup event TechChill, winning the top prize of 10,000 euros, wrote Labs of Latvia.

Longenesis has raised around 2 million euros in investments. 1.2 million US dollars were invested in the company by Racoonstruction, a fund investing in artificial intelligence and big data companies, and private investor Ilya Suharenko, co-founder and partner of the venture capital fund LongeVC.

Latvia among the top 100 for the second time

For the second year in a row, the winner of the Latvian national final of the Entrepreneurship World Cup organised by Swedbank and partners is among the most prestigious participants.

“We are proud and delighted that for the second year in a row, the winners of the Entrepreneurship World Cup final are achieving great results internationally and are included in this prestigious list! This is once again a historic event, and we can be proud of the achievements of our entrepreneurs. We wish Longenesis a great start in Riyadh, Saudi Arabia, presenting its idea to investors and the jury,” says Jevgenijs Ivanovs, head of Swedbank’s Corporate Division.

The Entrepreneurship World Cup National Final in Latvia is organised by Swedbank together with the Investment and Development Agency of Latvia, the Latvian Chamber of Commerce and Industry, and Riga TechGirls.

Last year, the winner of the national selection, HyMet.eu, made it to the top 25 of the world’s most prestigious companies in a competition of 100,000 companies, presenting its idea to an international jury and bringing Latvia’s name to the world. The deeptech startup is working on materials designed to cool electronics, wrote Labs of Latvia.

Source: labsofatvia.com
Publicity photo: Sergejs Jakimovs, co-founder of Longenesis

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