🔥[ANN][ICO] Baltic Fund -INVEST IN PROMISING CEE & CIS STARTUPS AND ECOSYSTEM🔥

[vasilyberdman]

Good afternoon. Why are you focused on start-ups exactly? Perhaps you should pay attention to the enterprises which experience financial problems?

Hi, firstly, we've been a startup accelerator since 2015 and here is where we have an expertise, community, partners, success stories and so on. Also, I believe there are many financial projects nowadays that are focused on loans/financial help for the enterprises, but I haven't yet seen the product where every ecosystem participant has an opportunity to be involved in the growth of a potential unicorn and get rewarded for it.     

[rdizza]

Perhaps you should consider establishing in one more country? The conditions in Southeast Asia seem to me extremely attractive.

[vasilyberdman]

Perhaps you should consider establishing in one more country? The conditions in Southeast Asia seem to me extremely attractive.

We are thinking about establishing in several more countries, but as a first step, we consider UK, Germany, and Nordics.
South East Asia is definitely attractive and we are actively making new partnerships now in this region, however, we are not really familiar with it yet, so it's a bit early for us to go there.

Are you familiar with this region?

[waitsummer]

Hey. I’ve heard that in most countries of European Union are extremely high. Wont it interfere with development of the project?

[vasilyberdman]

Hey. I’ve heard that in most countries of European Union are extremely high. Wont it interfere with development of the project?

Sorry, I didn't quite get it. What is extremely high?

[asyaSh]

Perhaps you should consider establishing in one more country? The conditions in Southeast Asia seem to me extremely attractive.

We are thinking about establishing in several more countries, but as a first step, we consider UK, Germany, and Nordics.
South East Asia is definitely attractive and we are actively making new partnerships now in this region, however, we are not really familiar with it yet, so it's a bit early for us to go there.

Are you familiar with this region?

Are you planning to come to Russia?

[vasilyberdman]

Perhaps you should consider establishing in one more country? The conditions in Southeast Asia seem to me extremely attractive.

We are thinking about establishing in several more countries, but as a first step, we consider UK, Germany, and Nordics.
South East Asia is definitely attractive and we are actively making new partnerships now in this region, however, we are not really familiar with it yet, so it's a bit early for us to go there.

Are you familiar with this region?

Are you planning to come to Russia?

Not really. There are too much legal and political problems, so it doesn't look safe for our investors.
However, we are aware that there are a lot of Russian talented startups and if they want to expand to EU and USA market, we are happy to offer them this opportunity: we relocate them to Lithuania under Startup Visa Program, incorporate them here, accelerate them, help them with the development in other markets, and invest in them.

[woodcoin]

Regardless to the fact that many citizens of CIS countries speak the same language, they have cultural differences, and these differences are considerable. Do you take it into account?

[vasilyberdman]

Regardless to the fact that many citizens of CIS countries speak the same language, they have cultural differences, and these differences are considerable. Do you take it into account?

It would be really interesting to know how this question came up to you

Well, we do and we don't. When we do the startup scouting, we definitely keep in mind the cultural differences, however, when we pre-select the teams to join our accelerator, judge the pitching sessions, and interview startups – our main concern is how open-minded and multicultural the team members are. We want our startups to join the global market and to become the market leaders, which means that they have to be able to quickly integrate into different cultures.

By now we have startups from 7 or 8 different countries in our accelerator, and I believe, that one of the main advantages of these teams and its members is an ability to learn from others and to cooperate, despite the cultural differences.

[bars_kz]

Good afternoon.  Investors haven’t paid attention to small cities for a long time not unreasonable, right? Perhaps the start-ups are not so profitable there? 

[asyaSh]

If I have a startup in Russia how can I join to you?

[vasilyberdman]

Good afternoon.  Investors haven’t paid attention to small cities for a long time not unreasonable, right? Perhaps the start-ups are not so profitable there? 

Well, interesting question, it depends what country you are talking about and what types of startups are there. First of all, you are right, there are more opportunities for startups in big cities: community, events, accelerators, mentors, etc. However, I can name several examples, when a startup from relatively small town became a global leader (check Ultimate guitar from Kaliningrad, Russia) and, also, when a small city started to develop infrastructure for startups and talents and became a local startup hub (check Tartu in Estonia).

I believe, what really matters, is not the town, where the startup was born, but the team and idea. But startups that are launched in bigger cities have more competitive advantages from the very beginning.

Partly, our platform will solve this problem for startups from small cities: they will be offered an online acceleration, which means that they will have nearly the same opportunities like startups from big cities, but online: mentorship, community, acceleration programs, access to funding.

[vasilyberdman]

If I have a startup in Russia how can I join to you?

It depends, what exactly would you like to join: our startup accelerator or our platform.
When it comes to our accelerator, go to https://www.bhv.lt/en/ and check the information for startups. There is quite a detailed description of what we expect from startups that join us. If you feel, that we are a match, fill in the form below and our startup manager will schedule an introduction call with you. Be ready to pitch your product
When it comes to platform, you have to wait a bit until we launch it, it will happen in May-June (the first version of the platform).

[robinzzon]

In some CIS countries promising young people are used as cheap labor power  for companies from USA and Europe. Will this change due to Baltic Fund?

[vasilyberdman]

In some CIS countries promising young people are used as cheap labor power  for companies from USA and Europe. Will this change due to Baltic Fund?

It depends on what exactly do you mean. As far as I know, IT-talents from CIS can build a pretty good career in EU and USA. For sure we will offer additional opportunities for talented startup teams from this region, as well as IT talents, willing to become a part of EU startup ecosystem. But I believe, that what you are talking about is already in the past and the situation will only improve.

[leholmes12]

Hello. Many citizens of the region speak Russian. Don’t u think that such limitation will lead to slowing down of interaction with investors?

[CAraBuss]

Hello. Many citizens of the region speak Russian. Don’t u think that such limitation will lead to slowing down of interaction with investors?

Itsnt it an advantage that all the team members are speaking the same language?

[leholmes12]

Hello. Many citizens of the region speak Russian. Don’t u think that such limitation will lead to slowing down of interaction with investors?

Itsnt it an advantage that all the team members are speaking the same language?

I’m afraid that 95% of investors don’t speak Russian and this creates some language barrier.

[CAraBuss]

Hello. Many citizens of the region speak Russian. Don’t u think that such limitation will lead to slowing down of interaction with investors?

Itsnt it an advantage that all the team members are speaking the same language?

I’m afraid that 95% of investors don’t speak Russian and this creates some language barrier.

You’ll be surprised, but most people in Baltic countries speak English, especially the youth.

[leholmes12]

Hello. Many citizens of the region speak Russian. Don’t u think that such limitation will lead to slowing down of interaction with investors?

Itsnt it an advantage that all the team members are speaking the same language?

I’m afraid that 95% of investors don’t speak Russian and this creates some language barrier.

You’ll be surprised, but most people in Baltic countries speak English, especially the youth.

Great. This is quite important aspect of development of international cooperation and implementation of new technologies.