Defence sector pre-accelerator invites companies to develop solutions to strengthen Estonia’s defence capabilities
The defence sector pre-accelerator Defence Business Lab is beginning its second year of operation and is inviting companies and teams to apply with technological solutions that support Estonia’s defence capabilities. The programme helps take defence technologies from idea and prototype stage through to testing and international growth opportunities.
The pre-accelerator is aimed at companies developing technologies applicable in the defence sector that need support in understanding the specific characteristics of the defence market, developing and positioning their solution, and preparing for the next stages of growth, including applying to international programmes.
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Originally published on 27 Mar
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Executives from Tyréns, one of Sweden’s largest design companies, and its Lithuanian branch have visited the Rail Baltica construction sites. The meeting with representatives of LTG Infra, the company implementing Rail Baltica in Lithuania, have discussed the ongoing and planned works. LTG Infra is currently focusing on securing design capacity and invites both Lithuanian and international design companies to work in Lithuania and contribute to the Rail Baltica project. According to Vytis Žalimas, CEO of LTG Infra, one of the biggest challenges for Rail Baltica now is to secure design resources for the planning of future high-speed railway sections.
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Originally published on 25 Mar
Lithuanian researchers from Kaunas University of Technology (KTU) and the Lithuanian Energy Institute (LEI) have developed a groundbreaking hydrogen production technology that transforms waste into valuable, clean hydrogen fuel. This new method not only boosts hydrogen extraction efficiency but also addresses the persistent issue of tar formation in the gasification process. By offering a more sustainable energy solution, the technology holds significant promise for reducing industry’s reliance on fossil fuels and fostering a cleaner energy future.
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Originally published on 24 Mar
Boldyn Networks (Boldyn) and Ascom have joined forces to enhance digitalisation at Oulu University Hospital (OYS) by boosting 300 Ascom Myco 4 devices for the use of hospital staff, enabled by Boldyn’s private 5G Standalone(SA) network. This is part of the Hola Oulu project where consortium members Pohde, Oulu University Hospital (OYS), University of Oulu, and WICOAR Technologies Oy are revolutionising patient care by implementing advanced, secure, high-capacity connectivity within the hospital environment.
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Originally published on 24 Mar
Prince William visited Sunly to examine how hybrid energy parks are strengthening energy security and reducing reliance on fossil fuels. The visit, part of his tour including meetings with British troops under NATO’s Operation Cabrit, comes weeks after the Baltic states permanently disconnected from the Russian power grid and integrated with the European system.
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Originally published on 21 Mar
INVL Baltic Farmland, a company that invests in agricultural land, announced its operating forecasts for this year along with planned dividends and decisions that are being proposed to the shareholders’ meeting. The company plans to earn a net profit of EUR 460,000 and have consolidated revenue of EUR 890,000 this year. This forecast assumes that during 2025 the value of land holdings will not change, no new agreements on the purchase or sale of land will be signed, and there will be no change in the impairment of trade receivables and no impact of trade receivables on the size of the administration fee.
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Originally published on 21 Mar
Last week, Estonia welcomed back some of the brightest minds in dual-use technology for an action-packed onsite experience at the NATO DIANA Estonian Accelerator. Over five days, the 7 teams tackled masterclasses, investment workshops, pitch sessions, and test centre visits, forging connections and shaping their solutions. Here’s a look back.
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Originally published on 19 Mar
The global sustainable initiative startup “Walk15,” founded in Lithuania, continues its rapid growth across Europe, reaching a valuation of €30 million. The company is now opening a Series A investment round, with initial investments coming from its existing shareholders, including the venture capital fund Coinvest Capital, led by Viktorija Trimbel, the angel syndicate NGL, led by Justinas Pašys, and other investors.
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Originally published on 17 Mar
On Friday, 14 March, the third “Idea Day” conference for teachers and education technology experts took place, bringing together more than 180 teachers and education experts from all over Latvia and offering them a wide-ranging program on the opportunities and challenges of artificial intelligence in education. Teachers had the chance to improve their AI skills in 14 workshops and discussions on methods, solutions, and experiences.
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Originally published on 17 Mar
Ovivo, a leading provider of water treatment and purification solutions, has announced plans to open a design center in Kaunas, Lithuania. The new facility, scheduled to open in April 2025, will focus on piping and plant design for the company’s ultrapure water and wastewater treatment systems. Headquartered in Montreal, Canada, Ovivo specializes in providing innovative water treatment solutions, and is renowned for its technical expertise in producing ultrapure water for the electronics industry.
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Originally published on 17 Mar
Tallinn-based FinTech startup Cino has secured €3.5M in seed funding to expand its real-time shared payment application across Europe and launch in the UK market. Cino has developed a unique payment solution that allows groups to pay together in a single transaction. Unlike traditional bill-splitting apps that create debt and require follow-up payments, Cino charges everyone their share in real time at the point of checkout.
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Originally published on 13 Mar