sTARTUp Day Pitching Stage was opened by buesiness ideas competition Kaleidoskoop 11th Finals. Team TRIT that develops a solution for the translation service was selected to be the winner. They wish to make ordering translation service easier. The client receives immediately an estimate of how much time and money it takes to complete the work. The TRIT algorithm also finds the most appropriate professional freelance translator for each project, taking into account different criteria, such as the previous experience of the translator and feedback received for the work. TRIT unites the best features of translation and IT to make life easier for both clients and translators.
Kaleidoskoop pre-selection round on 13th of December was open for all student teams and out of 36 teams, 10 best were selected. Top 10 got to Kaleidoskoop Finals on 24th of January at the sTARTUp Day Pitching Stage. Team TRIT was selected to be the best team of Kaleidoskoop.
TRIT won the main award - tickets to European Innovation Academy in Portugal. Team Vetik won the special award by EIT Health – tickets to technology and startup conference Latitude59. Vetik is helping cosmetic producers substitute the unhealthy colorants with a new red colorant, which is natural, vegan and can have skin rejuvenating properties.
The financial award from Tartu City Government was given for the team VEINC and two months free pass to coworking space at sTARTUp Hub was given to team TRIT.
The judges were Alo Lilles (Tartu City Government, Specialist in Business Development), Anu Oks (Estonian Business Angles Network, Managing Director) and Martin Vares (Fractory.co CEO and co-founder). „There were many great ideas and strong teams!“ said judge Alo Lilles. „I am happy to see that the city and startup community are working together so well and that UT IdeaLab has an important role in it!“.
„sTARTUp Day is a very good opportunity for startups to get useful contacts and make themselves more visible for potential investors, partners, clients, and media,“ said sTARTUp Day head organizer Ermo Tikk. „We are happy to see that young people have so many great ideas and also the courage to make them happen!“.
sTARTUp Day is the biggest business festival in the Baltics that brings together startups, traditional companies, investors, innovators, and students. Festival is organized by the City of Tartu, University of Tartu, Tartu Science Park and local startup community.
The event is funded by the European Social Fund and EIT Health.
Contact: Riin Lisett Rei, UT IdeaLab marketing and communication manager, +372 59086451, riin.lisett.rei [ät] ut.ee