Redwood City, CA (March 25, 2015)

Silicon Valley-based accelerator GSVlabs and Riga High Tech University (RHTU) (Riga, Latvia) announce today a partnership to accelerate Latvian tech startups in Silicon Valley.

The partnership between RHTU and GSVlabs enables further success of the RHTU Acceleratum
acceleration program through a bridge to Silicon Valley. Selected startups will be given a
dedicated workspace at GSVlabs for the duration of the program with access to all the benefits
GSVlabs provides to its community members: reception services, 24 hour badge access, state of
the art conference rooms, access to GSVlabs’ mentor network, and free access to all GSVlabs
hosted events.

GSVlabs and RHTU will also collaborate on a Company Immersion Program. For 10 weeks, the
Company Immersion Program places selected startups in GSVlabs’ Silicon Valley campus
alongside other startups at GSVlabs. Each participating company will have an advisor and
mentors onsite appointed by GSVlabs for the duration of the program. The accelerator curriculum
will provide relevant knowledge with respect to business, technology, leadership and the culture of
Silicon Valley.

In addition to the formalized curriculum, GSVlabs will provide informal methods of interaction with
the Silicon Valley ecosystem through networking events, technology and business seminars,
speaker series, company pitch presentations, and local tours of Silicon Valley points of interest.

About Riga High Tech University (RHTU).

Riga High Tech University is based in Riga, Latvia and offer technology and entrepreneurship
education and smart money funding for tech startups. RHTU operates Acceleratum, a pro-active
seed accelerator and venture capital fund for early stage tech startups mostly from university born
projects and teams.

About Acceleratum.

Acceleratum is founded in collaboration between RHTU and largest Latvia based universities and
operated by RHTU. Acceleratum comprising tech startup accelerator and pre-acceleration
education programs. Acceleratum provides acceleration, mentorship and educational programs to
partner universities and other organizations to facilitate team building and tech startup creation.
Acceleratum offers office space, training and research for portfolio companies in Riga, Latvia and
similar services through its partners in Silicon Valley.

About GSV Labs.

GSVlabs is a hub of innovation focused on accelerating high-growth, high-impact verticals in the
areas of EdTech, Sustainability, Big Data, and Mobile. Utilizing GSVlabs resources, founders and
entrepreneurs join a global network of ecosystem partners, including corporations, international
agencies, mentors, universities, investors, thought leaders, and non-profits. From its Silicon Valley
campus, GSVlabs houses startups, provides acceleration programs, and hosts events. GSVlabs is
headquartered in Redwood City, California.

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