Montenegrin ICT Startups Showcase Their Innovations at the Largest IT Summit in Lisbon
Last week, Lisbon became the epicenter of technological innovations. Over 70,000 participants from 161 countries, 2,696 startups, 1,050 speakers, and 1,081 investors gathered at the largest technology conference in Europe – Web Summit.
Thanks to the support of the Capital City and ICT Cluster Cortex, Montenegrin startups had the opportunity to present their innovations at this event.
The startup that attracted the most attention was Spectro Solutions, which presented an intelligent fire detection service that made it to the shortlist of 105 startups out of a total of 2,696. They introduced their project to potential investors as part of the Siemens Pitching competition.
Their software, based on artificial intelligence algorithms, functions as an upgrade to any type of monitoring tool, making it intelligent in providing feedback to the client about the recorded fire situation. The software aims to provide a reliable, fast, and affordable means of early fire detection.
Behind the idea and the first version of the software is a team of five young entrepreneurs, including engineers, programmers, and managers, who have already established the first digital AI assistant for fire monitoring on the Lustica Peninsula. Listen to Ana Ašanin’s statement about all of Spectro’s activities at the Web Summit.
MedPack consists of an application and a smart box. With the help of the application, users will define their schedule and identify which medicine is in which compartment.
The application is intended to contain a database of medicines available on the market, making it easier to create schedules and help users take medication correctly, as well as informing the patient and their doctor or guardian if a medication is not taken correctly (too long, too often, or in a way that could be harmful).
Additionally, the application is designed to learn from users’ habits and modify their schedules accordingly.
As part of the Montenegrin startup delegation, representatives of the Fintech startup Flash were also present.
Flash connects banks, merchants, and customers through a single platform, increasing efficiency while reducing costs. With the Flash mobile application, customers can make cardless and cashless payments at merchants, in stores, or online.
Customers can centrally manage all their bank accounts, transfer funds, request a loan or refund from another customer, split a bill with another customer, or define a payment for a specific time based on a phone number.
Flash marks the beginning of the digital banking revolution, aiming to transform traditional payment methods. Milica Gazivoda shares their experiences from Web Summit.
At Web Summit, Guidi, a startup designed to provide a completely new way of visiting famous places, was also presented. The application is used for communication with historical figures and characters specific to each location, while a fictional guide tells the history from their point of view, making the experience more personal and real.
Guidi helps users experience the era and tourist destination they are visiting. According to their team members, Guidi is, in fact, a virtual friend from the past. Learn more about this startup and hear their impressions from Web Summit in the video.
Another Montenegrin startup that participated in the Web Summit is Digital Accountant, a solution that enhances business through the digital transformation of administrative accounting processes in companies.
The platform allows for easy document exchange between the company and the accountant by photographing the document as soon as it is created via a mobile application or by directly uploading it to the Tiramisu ERP information system.
In either of these actions, the accountant receives a notification and validates the structured data from the document for further bookings, which will automatically be reflected in the company’s live business reports accessible to its owner. Listen to Zoran Mastilović from Data Design about their participation in the Web Summit in the video.
Montenegro also had a startup in the green economy sector – Prezla, a startup with the goal of raising awareness about reducing food waste, promoting a healthier environment, and creating a happier society. Their team developed an application that connects those with excess food (hotels, supermarkets, restaurants) with those who want to buy the food for themselves or donate it to others.
With one gesture, users can contribute to solving pressing problems such as food waste, environmental pollution, and the growing number of undernourished people in society.
Oykos Development introduced Dixi Digital at the Web Summit. Dixi Digital is a social network where all users earn. All content, interactions, and time spent on this social network are a direct source of income for users – both creators and the audience.
In the video, you can learn more about this startup from the founder of Dixi Digital and the CEO of Oykos Development.hub, Filip Anđelić.
Flourish is another Montenegrin startup that participated in Web Summit, this year as a BETA startup.
Flourish is a smart assistant for developing employees’ emotional intelligence, a software solution that develops and maintains emotional intelligence through personalized educational exercises.
Jasna Pejović, co-founder and CEO of Flourish, talks about Flourish and their second participation in the Web Summit.
In addition to startups, the Montenegrin delegation at Web Summit included representatives from the executive office of the Montenegrin ICT Cluster Cortex, who had the opportunity to get acquainted with the latest technological innovations, establish connections with global organizations and IT companies, which will be beneficial for the realization of planned activities to digitally transform and internationalize the Montenegrin ICT community.