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BALTIC NY ACCELERATOR
Do you dream of taking your company global? Baltic New York Accelerator can help you get there. Check out here.
Year 6 of the 43North competition has officially arrived!
It’s time to submit your application - get started at this link. We know your time is precious, so we’ve made the application shorter and easier to complete!
This year’s investment structure is:
1 - Investment of $1 million
7 - Investments of $500K
Winners will also have the opportunity to apply for a cut of $500K in follow-on funding at the end of 2020!
In addition to the investment, our portfolio companies receive mentorship, access to our network (investors, customers, vendors), free incubator space, the opportunity to operate free of state taxes, and marketing and recruiting support.
Deadline:
Preferred application deadline (fee of $50): June 12, 2019 at 9:00 pm EDT (We like you better and our judges will have more time to review your application if you apply early.)
General application deadline (fee of $100): July 8, 2019 at 9:00 pm EDT
So, what are you waiting for? Head on over to 43north.org/apply to get started.
And if you have any questions along the way, don’t hesitate to reach out atsupport@43north.org!
Highlights
US senators submit bill with sanctions aimed at Nord Stream 2
ERR News | June 14, 2019
A group of Republican U.S. senators introduced a bill on Thursday that would sanction entities involved with the construction of Nord Stream 2 as Washington seeks to force its European allies to reduce their dependence on Russian energy.
Tallinn council chair: Tunnel with Finland would benefit all of Estonia
ERR News | June 14, 2019
Following a meeting with one of the heads of a consortium in charge of developing an undersea tunnel connecting Tallinn and Helsinki, Tallinn City Council Chairman Tiit Terik (Centre) said that the planned tunnel would benefit all of Estonia.
Nortal increased revenue, as well as operating profit, in 2018
BC, Tallinn | June 13, 2019
Multinational strategic change and technology company Nortal increased total consolidated revenue in 2018 by 38% to 66.8 mln EUR, and operating profit (EBITDA) by 39% reaching 7.4 mln EUR.
Estonian funding and trading platform Funderbeam raises USD 4.5 mln
BC, Tallinn | June 12, 2019
Funderbeam, global funding and trading platform based in Estonia, has raised 4.5 mln US dollars in Series A funding to develop its secondary market offering as well as expand into markets in Asia and continental Europe.
Hollywood Treatment Awaits Country With Knack for Catching Spies
Bloomberg | June 11, 2019
Ex-communist Europe’s spy-catcher-in-chief is attracting attention from Hollywood.
Amazon is descending on New York with another cashier-free store
CNBC | June 11, 2019
Just a month ago, Amazon opened its first cashier-free convenience store in New York. Now it’s opening another.
Baltic Horizon Fund closes acquisition of Galerija Centrs shopping center in Riga
TBT | June 14, 2019
Real estate management company Baltic Horizon Fund has closed the acquisition of the Galerija Centrs shopping center in Riga for 75 million euros from AS Linstow.
Saeima amends Credit Institution Law defining FCMC's obligations in credit institutions’ liquidation
BC, Riga | June 14, 2019
Saeima today passed in the final reading amendments to the Credit Institution Law defining the Financial and Capital Market Commission’s (FCMC) obligations in the process of a credit institution’s liquidation.
Latvia to Purge Banking Watchdog Leadership After U.S. Pressure
Bloomberg | June 13, 2019
Facing pressure from the U.S. to clean up its financial system after a string of money-laundering scandals, Latvia is poised to purge the leadership of its banking watchdog.
GET Baltic is expanding regional gas exchange operations to Finland from 2020
BC, Vilnius | June 13, 2019
Regional Gas Exchange GET Baltic, operating in Lithuanian, Latvian and Estonian market areas is prepared to expand geographical coverage to other Northern Europe countries by launching new market area in Finland, and contributing to deeper integration of the Finnish and Baltic gas markets from 1st January 2020.
Latvia ranks 17th in EU Digital Economy and Society Index
BC, Riga | June 12, 2019
Latvia this year ranked 17th in the EU Digital Economy and Society Index (DESI) among all 28 EU member states, lagging behind Lithuania and Estonia.
VISA cardholders will also be able to pay by smartphone in Latvia
TBT | June 11, 2019
Continuing its development of wearable technology, Citadele Bank has widened opportunities for clients to pay in stores by smartphone. Now, in addition to Citadele’s Mastercard and Maestro cardholders, VISA cardholders will be able to pay via smartphone if they have an Android operating system (Samsung, HTC, Huawei, etc.).
More US troops will also come to Lithuania after extra Poland deployment, defmin says
TBT | June 13, 2019
The United States' decision to send more troops to Poland means that more of them will come to Lithuania for training as well, Lithuania's Minister of National Defense says.
Klaipeda port's cargo traffic up 8.5% to 19.8 mln tons
BC, Vilnius | June 12, 2019
Cargo traffic in the Lithuanian seaport of Klaipeda rose 8.5% to 19.77 mln tons in the first five months of this year from the same period las year.
Lithuania's cyber security center warns about WiFi equipment risk
TBT | June 11, 2019
Lithuania's National Cyber Security Center warned on Tuesday about the risk posed by some of the WiFi equipment used in the country as it uses Russian technology.
Vasiliauskas: Lithuania’s experience helps shape international fintech best practices
Bank of Lithuania | June 10, 2019
As emphasised today during the joint high-level seminar held by the Bank of Lithuania and the International Monetary Fund (IMF), financial technologies (fintech) have a vast potential to benefit consumers and boost economic growth, yet fintech development needs to be properly managed to ensure resilience to potential risks.
TBT | June 10, 2019
INVL Baltic Sea Growth Fund (https://bsgf.invl.com), the largest private equity investment fund in Baltic States, is investing up to €30 million into Grigeo cardboard business, a leading paper and wood industry company for the Baltic region.
The Baltic American Chamber of Commerce (BACC) is a membership based organization for business facilitation between the U.S. and the Baltic States (Estonia, Latvia and Lithuania).
Member Briefings
Employee Benefits Developments May 2019. Hodgson Russ LLP | June 6, 2019
Artificial Intelligence, Robots, Reskilling & Ethics – Fourth Revolution Board of Director Imperatives & the Chair's Evolving Role. Littler | May 9, 2019 By Rick Haythornthwaite and Natalie Pierce Read >> Download PDF
Cruise Control: US sanctions close the door on Cuban people-to-people cruises. WFW | June 6, 2019
Daniel Pilarski discusses the US government's new sanctions on people-to-people cruises in Cuba and their repercussions. Download
2019 US Tax Deadlines for 2018 calendar year returns. Jason Mathew from USTAXFS provides a list of 2019 US tax deadlines to note for 2018 tax returns.
Top 5 2018 US Tax Return Changes. By Patricia Lydon from USTAXFS. This is a brief summary of some 2018 US tax return changes that may affect your tax return.
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