School-born Startup Joins Google-Funded Accelerator to Reinvent Learning
Discussions have been increasing in Lithuania about how artificial intelligence will change learning – but BBright is already doing it. The team founded just a few years ago is now helping thousands of school pupils in Lithuania to learn maths more efficiently, and the Elicėjus platform they are developing has already been recognised internationally. It has been recently selected for the Google.org-funded Grow AI Accelerator and received USD 140 000.
The idea to create a personalised learning platform came from personal experience rather than from market analysis, since both Mantas Vičius, the co-founder of the platform, and his classmates struggled with maths at school. “We didn’t know where to start – the gaps kept piling up, until eventually we didn’t know where exactly we were stuck,” he says. Having subsequently examined the national statistics, they realised that it was a systemic problem: 35% of graduates fail the maths exam and 40% fail the evaluation of basic education achievements.
Read full announcement (external link)
Originally published on 18 Apr
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.
Read full announcement (external link)
Originally published on 27 Jan
The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.
Read full announcement (external link)
Originally published on 21 Jan
Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.
Read full announcement (external link)
Originally published on 15 Jan
US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
Read full announcement (external link)
Originally published on 14 Jan
Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
Read full announcement (external link)
Originally published on 17 Oct