Kaleidoskoop finalists have been selected! Its time to turn your idea into a real money-making business.
May 19th marked the date of Kaleidoskoop’s preliminary round. After a long day of pitching, debate and constant feedback, 15 teams out of 28 were chosen to enter the final round of Kaleidoskoop. The teams had 2 minutes to pitch their idea to a panel of 8 judges, who then had 5 minutes for additional questions.
Ideas presented in the preliminary round came from very different fields – from food and design to computer games and new materials. Although the judges agreed that none of the teams were lacking in innovativeness, they all face a challenge in the finals – answer the question “where is the money going to come from?”. A member of the panel, Aivar Pere, who is an entrepreneurial consultant in Tartu University, recommended that all teams should polish business side of their ideas and talk more about money because that grabs attention and gives the project a more real feeling.
After deliberation the judges selected 15 teams to enter the final round of Kaleidoskoop:
Need2Park – Parking management software
Gleather – Gelatin leather
B.E. – Project idea to encourage entrepreneurial mindset
Vitabug – Bioreactor for producing vitamins
Küte – Web platform for buying and selling firewood
Bomby - Language learning device
Qodu - Rental apartments webplatform
Pürg - Aesthetic product for contemporary people
Konku – Broker fee free web platform
YOMO - Budget application for money management
Veemajanduse keskus - Water engineering and legal counselling
Healthystyle – Healthy food boxes
ColOrigami – Computer game
OÜ Ergonim – Ergonomics councelling and a ergonomical products for musicians
KadisINK – Designing postcards and fridge magnets and decorations for events
Additional good news for the finalists! All finalists are welcome to set up an hour-long consultation with Aivar and he will help them to better understand the revenue model and answer the question: “where is the money going to come from?”. Aivar Pere is a man of his word and he can be contacted via e-mail email@example.com.
Kaleidoskoop finals will take place on the 27th of May at Dorpat Hotel & Conference Centre. All finalists and audience need to fill in a registration form that can be found here http://www.ideelabor.ut.ee/kalender/ariideede-voistlus-kaleidoskoop. See you there!
University of Tartu students won two first places at international pitching competition in USA
On Friday evening, 23rd June University of Tartu teams took the two first places at the final competition of an exclusive NGAL® business development program. Among ten student teams from Estonia and USA, Cody was selected to be the winner and got 3,000 USD to implement their idea. The second place and 2,000 USD went to the Coulomb Sailing Group, a space technology start-up grown out from EstCube.
NGAL 3.0 Tartu camp: learning, working hard and getting new experiences!
As the first and second day were full of interesting talks and valuable lessons, we decided to put some more focus on teamwork and getting things done during the next days. However, those days were full of new experiences: meetings with experienced investors, lecture on history, tour at SPARK and University of Tartu, trying out Estonian sauna and visiting Narva, the easternmost point of EU!
Second day of NGAL®: lots of team time, visit to Mooncascade, design thinking and one-to-one mentoring with Helen Kokk!
Tuesday, 6th June was the second day of NGAL ® and well, it was even more fun! We started the day off with the reflection, got some sun during the team time, visited Mooncascade - one of the coolest IT companies in Tartu - talked about design thinking and UX with wonderful Helen Kokk and ended our day with amazing pasta!