Southeast Asian Start-ups Shine in Seedstars Summit 2018 in Switzerland
Start-ups from Myanmar, Indonesia, and Singapore were recognized in the global stage
PHOTO CREDIT: Getty Images
Southeast Asian start-ups make their mark at Seedstars World, a start-up competition held in Lausanne, Switzerland.
Myanmar’s logistics solution Kargo and Indonesia’s farm-to-table delivery service SayurBox were among the 12 finalists in a competition focused on emerging markets that covered more than 65 countries from around the world.
Other start-ups included in the top 12 are from Brazil, Ghana, United Arab Emirates, Chile, Mexico, Ukraine, Cameroon, Nigeria, and South Africa.
Participants joined a two-day bootcamp, attended one-on-one sessions with investors, and competed in a private investor forum where the top 12 finalists where chosen. These finalists had the chance to pitch on the main stage in front of more than 1,000 start-up investors and prominent names in the tech industry.
In the end, Ghana’s agricultural online sales platform AgroCenta bagged $500,000 in equity investment as the 2018 Seedstars Global Winner.
Seedstars and its partners also awarded additional prizes, such as the BBVA Open Innovation Prize that went to Singapore’s Finchat Technologies, the TAG Heuer Innovation Prize given to Bangladesh start-up CMED, and the Best Woman Entrepreneur of the Year that went to Vivian Nwakah, founder of Nigerian online medication marketplace Medsaf.
Seedstars is a Swiss-based group that aims to impact people’s lives in emerging markets. The group supports this goal through a wide range of activities: from scouting a start-up to company building to acceleration programs. With its partner Thura Swiss, it has just been awarded by the Yangon Innovation Government of Myanmar the opportunity to manage the Yangon Innovation Centre, which is crucial in the development of the start-up ecosystem in the country.