Academic Centre
This year UL students’ plans included ideas about manufacturing various clothing items and accessories, solutions for using electrical gadgets and internet security issues, new recreational travel services, as well as various sales and legal services.
Alise Dūne tells about her idea – new solutions for design of thermo cups: „This idea occurred just month ago when as a part of study course we had to come up with new business ideas. My course mates encouraged me to implement the idea as straight after presentation of the idea almost everybody agreed that the idea could be successful. That is why straight after lecture I went to Mikus, head of Business Incubator, who suggested to apply with my idea and to join Business Incubator. I am a little scared of further process as to what and how has to be done but nevertheless I will go further with this idea”. Business idea evaluation committee liked product proposed by Alise and possibly she will receive first orders soon.
Also other ideas were evaluated successfully and from 15 business idea authors who presented their ideas, 11 were approved for participation in Business Incubator for a year. Other authors of business ideas were suggested to revise or add extra content to their service and to improve business plan.
This year Business Incubator is going to operate with even bigger power compared to first year of operation when nine teams of new entrepreneurs were accepted one of which „Greynut” Ltd. with various solutions for indoor lighting will continue operating in business incubator this year too. Company LatvianFoods.com based on opinion of committee can continue working without support of incubator. Also other last year’s participants have decided either to carry on business without help of incubator or to search for other business ideas.
UL FEM Business Incubator was founded in autumn of 2012 as support tool for student company start up. Operation of Business Incubator is supported by University of Latvia, Swedbank, private companies, as well as UL patron John Medveckis by financing first FabLab type prototyping laboratory in the Baltic States for the Business Incubator.
Brief description of business ideas of new participants:
1) Rj Tehnika - manufacturing of electronic devices, improvement of electronic devices by making them more user friendly improving their technical parametres, based on market requirements and trends. It is planned to develop three products – USB cube, Sun energy collector and Tablet holder.
2) Christiana Zane – planned to produce scarfs with light reflecting design elements that would serve as a fashion accessory and also as a reflector. Company will use special paint which with help of silk screen technology will print light reflecting ornaments on scarfs that will make them unique and visually attractive, as well as will serve security function.
3) Flash you&me – idea is to create special underwear specifically for couples that due to comfortable cut and original design fits perfectly for everyday use. It is planned to produce two lines of briefs: couples’ underwear in same fabric and underwear that is decorated with embroidered stimulating texts.
4) Geal Group – it is planned to create the best and highest quality company in Latvia providing services to manufacturers, importers and distributors of cosmetics from Latvia and other countries in the field of Latvian and European legislation regarding cosmetic products. As well as practically will be implemented announcement of cosmetic products in CPNP – Cosmetic Products Notification Portal.
5) Georgia Plus – planned to create company that will offer special travel to Georgia. During these travels client will not only see traditional tourism objects but also see Georgia as country with rich and various food offer and unseen possibilities of entertainment.
6) GreyNut – within project boundaries interior lighting control system is being developed and produced. System operates with base station to which it is possible to connect with mobile phone application.
7) IT drošība „1.SIA” – company provides IT security consultations as well as deals with IT security research.
8) KokaKruze.lv – planned to produce wooden cases where to keep thermo cup. Wooden cases will be treated and with help of laser various ornaments, symbols, pictures and company logos will be imprinted. Thermo cups will be ordered and bought from overseas.
9) International children and youth camps – to create camp of international scope where participants would be both foreign and local kids and adolescents in order to create understanding about cultural differences and treasures of Latvia.
10) Take A Shot – new clothing line with reflecting elements that will protect the owner from accidents www.takeashot.lv
11) Troyka Crew – to provide youth with clothing for a reasonable price so that they would feel comfortable and stylish.
