X5 Turns to Baltic Startups for Innovative Pitches

Russia’s leading food retailer, X5 Group, has invited Baltic startups to pitch their offers for improving the company’s retail chains, Latvian public broadcaster LSM reports.

The company will give the best young companies access to the infrastructure resources and expertise of Russia’s largest retailer as well as the chance to implement a pilot project with a budget of up to 700,000 euros, says GoTech Innovation, a company organizing the pitch on behalf of X5.

The first stage of the competition is to take the form of a real-time pitch session with 15 startups. Startups are asked to use Computer Vision, The Internet of Things (IoT), Robotics, AR/VR, Blockchain and other technologies and apply online until August 2. 

The corporation is interested in the instruments capable of automating and improving effectiveness of the operational business processes at the stores, logistical infrastructure (transportation, warehouses), retailer’s back office, as well as the solutions that help to improve client experience and increase the customers’ loyalty both offline and online.

The first round of project selection is being held until August 2, 2019 in Estonia, Latvia and Lithuania with rounds in other countries following suit.