Five Asian startups competing in the Singapore Challenge Cup Regional Finals have moved in the winning circle.
These winners, announced by 1776, a global incubator and seed fund, will represent their countries on the global stage at the Challenge Cup Global Finals in Washington, D.C. taking place in June.
These startups were chosen from hundreds of competitors from cities across the region. They include:
- Toast (Singapore, Singapore), which developed a money transfer and bill payment application for unbanked and banked migrant workers on Web and Android. Toast makes it easy to deposit and send funds back to the Philippines from Hong Kong, Singapore, and the U.K.
- BCAL Diagnostics (Sydney, Australia), which aims to shift the paradigm in breast cancer screening and diagnosis by introducing a blood test for detection of the disease. The implication of such a technology could revolutionise detection and management of breast cancer by allowing a blood sample to be taken remote from the site of analysis.
- MyPeegu (Bangalore, India): It combines psychology and technology by mapping the behaviors of students.
- Nano-X Pty Ltd (Sydney, Australia), which offers a new radiotherapy machine with disruptive market advantages. By moving the complexity of a radiotherapy system from hardware to software, Nano-X is less expensive to produce, less expensive to site, requires fewer staff to operate and can deliver a more complete therapy to patients.
- SayPay Technologies (Mumbai, India): Its voice biometric payment solution helps authorise e-commerce purchases, P2P, Bill Pay etc by speaking the unique one-time crypto-token generated at run-time into the mobile app.
They will now compete for US$1 million in cash prizes and funding, media opportunities and curated connections to mentors, corporate partners, policymakers and potential investors.
"There are so many inspiring entrepreneurs throughout this region who are building high-growth startups to bring solutions to some of our world's biggest challenges," said Donna Harris, co-founder of 1776.
Fund and spotlight
The Challenge Cup is dedicated to find, fund and spotlight highly-scalable startups with potentially transformative solutions for our planet.
Spanning over 50 cities and covering every continent, this annual global tournament takes place in three levels - local competitions, nine regional finals and the global final.
The competing startups in the Singapore event participated in the pitch event and also joined a two-day, pop-up accelerator program delivered by the 1776 CEO, industry partners such as Philips and AWS, and other key executives.
Entrepreneurs attending this pop-up programme received pitch coaching and participated in roundtables with industry experts and one-on-one mentoring sessions.
"I'm so pleased that we can give these extraordinary companies an opportunity to present their vision on the global stage and connect to the resources and relationships they need to be successful," added Harris.
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