42 student teams have started the new season of the UL Student Business Incubator.

For the first time, the teams include international students from Finland (currently – Master’s student at the University of Latvia Faculty of Business, Management and Economics) and Lithuania (Vytautas Magnus University). Their team will develop Autofi application – a vehicle servicing booking app to connect vehicle owners with car service staff. This idea grants an opportunity to choose a car service and schedule the visit, considering the feedback of other clients. This application will later be expanded to assist bicycle owners.

Riga Technical University international student cooperates with a student from the UL to create Airdas - an artificial intelligence-based web platform to connect drone pilots (with thermal+digital cameras), businesses and government., offering drone as a service by hiring third-party drone pilots to inspect condition of client's building and upload the raw digital material into Airdas web platform. Airdas platform will analyse the raw data and make an actionable report, to enable the clients to solve the issues related to their assets by using Airdas report and suggestions.

The UL Student Business Incubator also offers a Preincubation programme to promote the students' interest in entrepreneurship and establishment of start-ups, as well as to advance international and cross-sectoral cooperation in business idea development. This programme has received applications for the current season from 16 international students. Mastering the study course will ensure proficiency in assessing opportunities for the establishment of a business, finding solutions for strengthening cooperation, as well as the skills required for development, substantiation and presenting a business idea. 

Enrolment of international students expands the range of business ideas to be developed and the ambitions to be fulfilled.