Winners selected from finalists from city competitions held across southeastern Asia win trip to global finals with $1M in Funding Opportunities
Washington, D.C. and Singapore — Tonight 1776 announced the five winners from the Singapore Challenge Cup Regional Finals with support from Infocomm Investments. These startups, chosen from hundreds of competitors from cities across the region, now move on to represent their countries on the worldwide stage at the Challenge Cup Global Finals in Washington, D.C. taking place in June.
Challenge Cup is an annual global tournament spanning over 50 cities and covering every continent, to find, fund and spotlight highly-scalable startups with potentially transformative solutions our world’s most pressing challenges. Held in partnership with Revolution and Global Entrepreneurship Network, the competition takes place in three levels — local competitions, nine regional finals and the global final to be held in Washington, D.C. in June 2016. High-growth startups compete for $1 million in cash prizes and funding, media opportunities and curated connections to mentors, corporate partners, policymakers and potential investors.
The Singapore event showcased both the city’s most compelling startups and the companies that advanced from local competitions held in Bangalore, Delhi, Mumbai, and Sydney. In addition to participating in the pitch event, competing startups 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 where the entrepreneurs receive pitch coaching and participate in roundtables with industry experts and one-on-one mentoring sessions.
“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. “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.”
The winners are as follows:
BCAL Diagnostics (Sydney, Australia): BCAL Diagnostics 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 revolutionize the way we detect and manage breast cancer by allowing a blood sample to be taken remote from the site of analysis.
MyPeegu (Bangalore, India): MyPeegu combines psychology and technology by mapping the behaviors of students.
Nano-X Pty Ltd (Sydney, Australia): Nano-X is 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): SayPay Technologies is a voice biometric payment solution where users can authorize eCommerce purchases, P2P, Bill Pay, etc. by speaking the unique one-time crypto-token generated at run-time into the mobile app.
Toast (Singapore, Singapore): Toast is 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.
For more information about the Challenge Cup, click here.
1776 is a global incubator and seed fund that uncovers promising highly-scalable startups focused on solving the world’s most fundamental challenges and helps engineer their success. 1776 focuses on startups in the most broken, entrenched industries and sectors that impact millions of lives every day – specifically education, energy, health and cities. From its headquarters in Washington, D.C., it is sparking a global movement of high-growth startups driving meaningful innovation through its Challenge Cup and Startup Federation, the premiere network of incubators throughout the world. For information, please visit www.1776.vc or follow us on Twitter @1776.
About Infocomm Investments
Infocomm Investments Pte Ltd (IIPL) builds and invests in Singapore and global infocomm technology startups. Managing a fund size of more than $200 million, it accelerates the development of startups in their formative phases, and invests further as they grow and expand.
Through its investments, partnerships with stakeholders across private and public sectors, and global reach, IIPL plays a central role in building a vibrant and sustainable ecosystem in Singapore for startups to flourish. IIPL is a wholly-owned subsidiary of the Infocomm Development Authority of Singapore. For more information, visit www.infocomminvestments.com or follow @iipl on Twitter.