Vega fund kickoff capital recipients have been selected!

During the preliminary round of Kaleidoskoop competition on 7th of December Vega fund jury selected four teams which will get 5000€ worth kickoff capital to develop their projects!

There were six teams who had made it through the first selective round and had a chance to present their projects in front of the jury. Every team had exactly three minutes to pitch their ideas and five minutes to answer jury’s questions. After the pitching round jury picked out four most promising business ideas that will receive a kickoff capital in the amount of 5000€ for developing their projects:

  • MARKUS: artificial intelligence that automatically predicts the age of the person via webcam and if needed, also verifies the exact age with scanning the ID card
  • Brandlyse: Tool that measures how clients see the brand of the company
  • eAgronom: Software platform that collects all of the data that an agriculturist needs
  • Levon: App that allows almost anybody to become a singer with the help of our real-time feedback mobile teaching platform.

Jury foreman Andres Kuusik and team Brandlyse

According to the foreman of the jury Andres Kuusik the overall level of participating ideas was great, so it was very difficult to choose these four projects that will be supported by Vega Fund. He was positively suprised about the big amount of great ideas that emerged from the students, however, he believes that they should use more of the opportunities the university is offering – for example UT IdeaLab STARTER programme!

Jury members doing their job

Vega Fund is established by the University of Tartu with an aim to support science based business ideas commercialization. Financial contributions to the Vega Fund are made by the Harry and Reba Huge foundation (USA) and businesses of different sectors in Estonia. Vega Fund has partntership with Enterprise Estonia and Swedbank. Vega Fund is administrated by the UT IdeaLab.