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Taiwan-based startup incubator IEIH STUST announced last Wednesday the three startups that won its pitching competition, which was co-organized with AIRmaker in Tainan, Taiwan.

The event was hosted as part of the ANCHORUP Forum, where startups and investors (CVCs, VCs, Accelerators) were invited from all over Southeast Asia to attend the discussions and workshops to connect, share resources, and build up a startup platform across the region.

Also read: Southern Taiwan taking centerstage as ANCHORUP Southbound Summit launches

The three winners will receive cash prizes, with the champion getting the chance to be a part of AIRmaker’s accelerator programme.

The three startups are:

1. Clef Technology | IoT

Founded by Jason Ng, Clef Technology is an IoT startup based in Taiwan that provides an acoustic leakage detection system with non-invasive installation for liquids or gases pipeline.

Pipeline leakage is a serious issue. nd with aging pipelines, leaks are often an unavoidable difficulty for pipeline operators that require manual intervention, which can be costly and time-consuming. To solve this problem, Clef Technology system has specially designed algorithms coupled by acoustics processing techniques to ensure a high degree of accuracy plus low rates on false alarm.

Also read: What role does edge computing and machine learning have in IoT?

Jason, founder and CEO of Clef Technology, is originally from Malaysia. When asked about why choosing Taiwan to start up his own business instead of going back to Malaysia, he replied, “I am a tech guy and want to build a tech company. The technology of Taiwan is BEST in the world. I can get lots of tech resources in Taiwan easily compared with Malaysia. The most important thing is, I LOVE Taiwan very much.”

Clef Technology is currently looking for fundraising to further improve their product and bring it to the pipeline inspection market.

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The winning startup, Clef Technology (right),  and its supporting investor judge, Dream Office – Casean (left)

2. Acudeen | FinTech

Based in the Philippines, Acudeen is an online peer-to-peer (P2P) marketplace for discounted invoices that helps small and medium enterprises (SMEs) tackle cashflow problems.

Usually, SMEs could apply for bank loans to scale their businesses; however, for those SMEs with cashflow problems, they could not easily comply with the current bank loan requirements (collateral and positive financial statements with a minimum of three years of operations).

With the mission in mind to loosen the threshold, Acudeen was founded to assist SMEs to sell their receivables with invoices to willing buyers through their online platform.

Eventually, the startup aim to work with their SME partners to provide them with proper financing supports and avoid any other bad financials and limited assets in the future.

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The winning startup, Acudeen (left),  and its supporting investor judge, muru-D (right)

3. Healthblocks | HealthTech

Founded by James Mendoza, Healthblocks is a global health IT company based in the  Philippines with the vision of enabling universal healthcare.

Worldwide, US$260 billion are lost yearly due to health fraud and inefficiencies, affecting more than 100 million patients suffering from extreme health costs. This is where Healthblocks sees themselves to jump in to resolve.

They aim to solve this problem by providing reliable data integrity, secure data privacy, and seamless data interchange for their users with the industry-standard technology and infrastructure.

Also read: Beyond the hospital: Challenges and opportunities in Indonesian healthtech scene

Their ultimate goal is to become the standard health information exchange center for developing countries towards the vision of providing universally accessible healthcare for everyone.

Healthblocks is also the champion of the ANCHORUP x AIRmaker pitching competition this year. With their outstanding performance, they’ll be invited to participate in AIRmaker’s accelerator program.

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The winning champion startup, Healthblocks (middle),  and its supporting investor judges, Gideon Venture Capital (left) and New Union (right)

The winners were judged by a panel from AIRmaker, muru-D, Casean – Dream Office, Gideon Venture Capital and New Union.

In its inaugural run, ANCHORUP Forum is powered by Small and Medium Enterprise Administration of the Ministry of Economic Affairs in Taiwan and organized by IEIH STUST.

In line with Taiwanese Government’s New Southbound Policy, ANCHORUP sets forth to support southeast . Asian startups in growing and scaling in East Asia by utilizing Taiwan’s hardware and IoT strengths as a base and driving Taiwan’s startups and SMEs in expanding globally.

Disclosure: e27 is a partner of the ANCHORUP Forum and ANCHORUP series of events.