Press release -
13 startups vie for the top spot at Techventure 2015’s International Startup Challenge
This year, a total of 13 startups will be vying for the Techventure International Startup Challenge prize of S$50,000 and incubation space. This includes seven Singapore startups; EdgeBotix Pte Ltd, Igloohome, Innovfusion Pte Ltd, Intraix Pte Ltd, Nodis Pte Ltd, Sypher Labs and Tip Biosystems Pte Ltd.
Innovfusion, a Singapore medical device company which develops smart medical infusion syringe pump systems with algorithm for anticipating patient pain for pain relief in child birth, won the Singapore Startup Challenge on 14 July 2015, receiving a cash prize of S$30,000, and securing a spot to compete in the Techventure International Startup Challenge as the lead local startup. Other Singapore finalists include Intraix Pte Ltd that uses Smart Meters, Smart Plugs and Smart Sensors to provide optimisation modules to reduce household energy consumption and Nodis Pte Ltd with its new Dipole Nano-Particle (DNP) technology of optical valve which can switch a display from dark to transparent state and back by applying voltage of different polarities to its nano-particles.
International companies competing in the Techventure International Startup Challenge include Alphaopen, CarbonTRACK, Easyship, Family Traveller, Pinticks and THEIA from Russia, Australia, Hong Kong, the United Kingdom, Turkey and Taiwan respectively. Australian startup, CarbonTRACK, will be pitching its energy management platform that manages energy in residential and commercial environments, with specific application in home automation, renewable energy, big data and Internet of Things.
International investors seek the next great technology
Techventure is the foremost place for global technopreneurs and investors to meet in Southeast Asia, with an expected turnout of over 50 global and local investors, more than 160 startups and 1,000 attendees.
Top investors who will be present include Chris Wade, Venture Partner at Octopus Venture/ Entrepreneur First, Jason Wong Sze Tchung, Managing Director of Horizons Ventures Limited and companies such as the Russian Venture Company (RVC), Global Brain from Japan, Golden Gate Ventures from Singapore.
Aki Nakamura, Managing Director, Intellectual Capital Management says, “My company is an innovation consulting firm mainly helping Japanese MNC's. The Japanese market is big, already saturated, and Japanese companies need a different avenue to grow; so Southeast Asia, after China, is a natural choice.”
“Singapore has exceeded my expectations. The technology and the business model are even better than what I originally thought, even compared to the United States. It is very interesting and Techventure presents a great opportunity for networking and identifying innovative technology,” she added.
First-time startups that will exhibit and participate at Techventure this year include progressclaim.com from Australia which enables companies to lodge standardised payment claims and schedules online through any smart device; TRIK and VisionLabs from Russia, the former designs unified platforms for service and personal robotics that shorten the path from idea to prototype while the latter has a cloud based service that enables retailers to recognise loyal customers and analyse customer profiles to increase sales.Techventure 2015 provides exposure to startups and their technologies, and gives them opportunities to reach out to investors, corporate and government funds to take them to the next level of development.
To be held from 21-22 September 2015 at the Marina Bay Sands, Techventure pairs investors with startups through facilitated and targeted meetings on both days. One-to-one matches between startups and investors will be organised and targeted investor sessions will be held. All interactions will be tracked and ranked, allowing for easy follow-up post-conference. The event will feature more than 100 innovative local and global startups from a diverse range of technology areas.
For more information and to register, visit www.techventure.com.sg.
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