Meet the 11 startups selected for the next Startup Wise Guys accelerator program

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Tallinn-based Startup Wise Guys (SWG) has just started the next accelerator program with 11 teams from 8 different countries. During the application process startups from Latvia, Ukraine, Estonia, Romania and Lithuania had been the most active. Out of more than 250 applications, the following 11 teams have been selected:

  • Airis Vision (Romania) – A technology that can recognize and localize objects and concepts in photos, videos and live streams directly into low end devices, not in the cloud.
  • bNesis (Ukraine) – A safer and more reliable solution to rapidly integrate any app with multiple cloud services.
  • Cenos (Latvia) – Integrating open source engineering modeling software solutions into a single platform, challenging the expensive CAD/CAE software giants.
  • Fanvestory (Estonia) – With Fanvestory fans and investors can earn long-term revenue from the commercial use of copyrighted songs.
  • Inapptics (Armenia) – Inapptics helps app creators to visually analyze actual user behavior and improve their apps with proactive insights.
  • Induto (Belarus) – Increasing the efficiency of managing teams for managers of distributed teams, through a structured video messaging solution.
  • IntelFlows (Denmark/Romania) – With a network of thousands of mobility vehicles that collect environmental data, we are able to have the best understanding of our environment.
  • Mobscale Labs (India) – Helping app owners better understand their customers using analytics and drive more engagement and revenue through personalized communication.
  • Robotic Solutions (Latvia) – Giving industrial equipment the ability to communicate with each other and work in teams.
  • VRnet (Ukraine) – Making it easy for architects & interior designers to show their customers how their future home is going to look like, using virtual reality technology.
  • Welltrado (Lithuania) – An innovative alternative investment marketplace showing unique investment opportunities through emerging financial technology.

The new SWG program started on March 13th in Tallinn, Estonia – the birth-place of many global startups like Skype, Transferwise and VitalFields. Selected B2B startups have relocated to Tallinn and are going through an intensive 3 month business training, where they work with a pool of over 150 international mentors to shape their business model, build their products, get their first paying customers and sell their ideas to investors. Each startup will also receive seed investment of €20K.

The Tallinn batch is the 8th SWG accelerator program since 2012, when SWG was founded. December 2016 marked the first exit of SWG portfolio company – Estonia-based startup VitalFields was acquired by a large US corporation.

Startup Wise Guys has become the first accelerator in Europe to raise funding for its next program via public equity crowdfunding, thus enabling non-professional investors to easily build a diversified portfolio and disrupting the accelerator funding process as such. Investment was committed by more than 100 investors on Funderbeam platform.