FIRSTPICK, a Lithuanian high-speed VC fund focusing on early stage fintech, SaaS, deeptech and marketplace startups, has announced the launch of the first AI-focused accelerator in the Baltics — backing the next wave of AI founders with investments ranging from €50,000 to €250,000.
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The participating startups can receive substantial funding ranging from €50,000 to €250,000.
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This investment is aimed at accelerating their growth and facilitating a 2-3x increase in revenue. It can also enable startups to expand their teams by hiring 2-3 key individuals who can bring valuable skills and expertise to the company.
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The fund also offers access to a network of 50+ influential contacts, which can open doors to new partnerships, collaborations, and business opportunities.
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Apart from funds and network, FIRSTPICK states it will offer specialised mentoring from leading experts in the field of artificial intelligence.
The program starts in May 2025 and will last 16 weeks. The participants will be able to join the accelerator locally in Vilnius or online. In order to apply, interested founders can fill out the form on the FIRSTPICK website.
