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Acceleration funds

ALTUM co-operational acceleration funds

BuildIt Latvia

Buildit Latvia Accelerator's new intensified programme is specifically designed for IoT and hardware startups from all over the world.

You should have a team of at least two founders but we're happy to consider you if you're a single founder. In that case you should show that you can take your startup to the next level on your own and find co-founders in the process. More advanced teams with traction or who already have a working prototype have a higher chance to get into the programme. You are expected to live and work on your project in Riga, Latvia during the programme.

We accept up to 10 teams / batch who are creating exciting and fresh solutions in the following areas: 

  • solutions for industry
  • IoT and connected industry
  • software for productivity
  • smart living
  • energy
  • mobility
  • sharing economy
  • health-tech

Buildit provides investment of up to 50k € PreSeed and up to 250k€ Seed stage

Matiss Neimanis
phone +371 26727244
www.buildit.lv (Apply now!)

Commercial Reactor fund

Commercialization Reactor Fund offers an  Acceleration Programme for deep-tech  startups.

The minimum duration is 3 months (enry level)  followed by   advanced level, also 3 months in duration.

Requirements for the company or business idea:
The business idea should be science or technology based. It should stem from a cutting edge research and demonstrate clear technological or scientific novelty. It should be able to serve  a basis for development of  successful new products, processes and services  and a scalable business creation. It should have a clear origin from the Intellectual Property ownership position.

Requirements for teams:
A team should be represented by at least two people, one of whom is an entrepreneur and has business development role and the other one is a technology developer.  The entrepreneur is supposed to assume a CEO role in the company and take part in all accelerator activities. The technology developer is supposed to assume an R&D director role and take part in certain accelerator activities. A good command of the English language is required.

A call to aspiring entrepreneurs!
If you are an aspiring enthusiastic entrepreneur but you do not have a business idea – you are  also very welcomed!  Commercialization Reactor create teams for new deep tech business development by matching entrepreneurial talent with scientific competences. Please apply to our Ignition Event where new scientific ideas will be showcased and offered for commercialization.

Commercialization Reactor Fund will invest up to 50, 000 EUR into new companies at pre-seed level and up to 250,000 EUR into the most successful companies at seed level.

Jēkabs Dambergs
phone +371 26713162

Overkill Ventures

The acceleration fund, operating in collaboration with Lattelecom and Accelerace, will grant pre-seed investments of EUR 40,000 and seed investments of up to EUR 250,000. The investments will primarily be granted to new companies from Central and Eastern Europe that work in the fields of work environment efficiency and automation, and have already generated initial market revenue.

The fund will grant pre-seed investments to companies, concurrently enrolling them in a three-month acceleration programme. The new companies will be guided by experienced entrepreneurs, investors and industry experts, and the fund management team will help them with business development and attracting investors.

The managers of the fund are Pēteris Marculāns, Dmitrijs Saikovskis and David Ventzel, who all have rich experience in the start-up business environment. Their fields of expertise include the establishing and marketing of a company, the directing and management of leading acceleration programmes and investment funds for new companies (Techstars and Accelerace), and company purchase and sales transactions.

Pēteris Marculāns
phone +371 28624171