Baltic Ventures has unveiled the inaugural cohort of nine tech startups participating in its accelerator at Liverpool Slush’D today.
Membership on the Liverpool-based accelerator’s programme provides the companies with a £50,000 equity investment, masterclasses and workshops, mentorship and access to a network of investor contacts.
Startups include Manchester-based fintech Financielle, which has developed a collection of financial tools aimed at women, along with Liverpool-based energy efficiency platform Heatio.
Mo Aldalou, programme director at Baltic Ventures, said: “Being a founder can be lonely and challenging and the scaling journey is not without its pitfalls – but having access to a network of peers, coaches, mentors, investors and later-stage founders can be transformational to a company’s prospects.”
The other startups on the first Baltic Ventures cohort are:
- Hexis: An AI tool that provides tailored nutrition guidance.
- Gaia Learning: An online education platform for neurodiverse children, with customised learning plans.
- Birl: a clothing trade-in site that rewards users with credits.
- IttyBit: A file management startup for images, audio and video.
- Cubode: a coding platform that makes use of no code, AI and data analytics.
- February/DevGPT: a generative AI tool for developers to quickly write routine code.
- Yuty: a product recommendation AI tool for businesses.
The majority of the accelerator’s funding has come from the Liverpool City Region Combined Authority.
Mayor of Liverpool City Region Steve Rotheram said: “SMEs account for 99% of all businesses in the Liverpool City Region – and I want to put them in the best position to succeed.”
The first Baltic Ventures cohort had 200 applicants.
Baltic Venture’s CEO Claire Lewis spoke last month on the UKTN podcast about the Liverpool technology sector and the need for tech investment throughout the UK.
UKTN will be hosting a panel at Liverpool Slush’D event today.
Read more: UKTN’s Liverpool regional tech report