Where nature meets technologies
Be a part of a cutting-edge acceleration
program starting in August 2021
Catch an opportunity to cooperate and pilot with Latvia’s Latvia’s largest forest management company to learn more about the forestry market, its challenges, and needs.
Meet top-notch mentors from SWG and all LVM’s business directions to get expert advice, feedback, and knowledge exchange on all things business development.
Embrace a unique chance to develop and adapt your product to the forestry market realities: from testing product/market fit to getting custom product evaluations.
SilvaTech is a hybrid (online & offline) 8-month-long acceleration program that’s divided into four stages covering everything from idea shaping to building a market-ready solution. Idea and early-stage startups are invited to apply till September 24th and take part in the first two stages of the program, while more mature teams with a ready MVP can apply till the end of October to be considered for the Growth acceleration stage.
The products and solutions developed throughout the SilvaTech acceleration program should all aim to solve the key technology challenges within forestry and related fields.
While you will get a chance to exchange ideas about the most pressing questions within the field throughout the early program stages, we’ll give you a range of areas you can start your ideation process from:
(e.g. machine learning and big data, logistics technologies)
(e.g. sensors and interactive technologies of forest cognition)
(e.g. biomass and mineral material products and technologies)
(e.g. remote sensing and drone technologies)
(e.g. robotics and sensors)
Latvia’s State Forests (LVM) is a digital-first forest management company operating by combining innovation and sustainable development. With cutting-edge technologies already being at the heart of LVM’s business, they are always on the lookout for new solutions that will help them bring their vision for a more sustainable future and more engaged communities to life.
Yes, if you have a ready solution/product that fits the program criteria, you can apply and our scouting team will assess if you can be invited to the last stage of the program – Growth Accelerator – where the main focus is on cooperation opportunities with LVM and product growth.
Teams coming from outside the LVM ecosystem should meet the following criteria:
The final application deadline is November 1, 2021. Early-stage startups should apply by September 24 – as their applications won’t be considered after the Hackathon.
This is an 8-month-long program split into four stages with different time allocation commitments at each stage:
No, the program is free of charge and equity-free. SilvaTech does not provide investments, hence none of the partners take equity from any startup participating in the program.
If the idea/product initially belongs to an external team (external team, startup, researcher, company), it stays an IP of this startup. For LVM teams and mixed teams, this topic is up for discussion on a case-by-case basis.
Ideation Workshops: Filled with insightful Q&A sessions, these online workshops help ideators better define the problem they’re trying to solve, validate their idea and pinpoint potential gaps. You will get to present your idea, find and build a team of fellow collaborators, and get some initial guidance from LVM and SWG mentors.
Hackathon: This is a 3-day online event where you’ll get to develop your idea and work on the prototype. During the hackathon, you will get access to LVM and SWG mentors and field experts who will help to overcome technical challenges and build a surefire business approach. While at this stage teams should already be shaped, you can still employ additional forces.
Pre-accelerator: This is an 8-week online program that covers a range of topics on all things startup development – from identifying your product/market fit to building a viable business model. This program stage ends with a Demo Day – a signature event where you’ll get to present your idea, your MVP to a range of experts who will determine whether your team gets to the last stage of the program. You will need to allocate about 5 hours a week to go through weekly learning materials and assignments, and to join weekly meetings with field experts.
Growth Accelerator: 10 teams will get to this last program stage, which will be run both online and offline. Growth Accelerator will feature various workshops and mentorship on Design Sprint methodology (for market research and product development), team building, and business scaling. Moreover, this is where LVM will start to discuss potential partnership opportunities.