The TOP100 search for the region’s most promising startups kicked off this afternoon with the Singapore Qualifiers, with simgo and DataStreamX emerging as the Judges’ Choice winner.
The winners were chosen from an impressive array of 30 teams, which include startups like Sixscape Communications, WOOFR, Jaga-Me and many more.
The teams competed across dual tracks covering highly diverse products and services from healthcare, crowdfunding, logistics and beyond. With just intense three minutes of pitching time and five minutes of Q&A, these startups have to battle newly-introduced odds to impress the judges to make it to the TOP100.
Also read: Echelon TOP100 2015: Nanu, Jewel Paymentech, SellInAll win SG Qualifiers
The two judging panels consisted of prolific figures in Southeast Asia’s startup scene, including:
- Kuan Hsu, General Partner, KK Fund
- Vishal Harnal, Venture Partner, 500 Startups
- Michael Lints, Venture Partner, Golden Gate Ventures
- Manabu Miyazaki, Principal, IMJ Investment Partners
- Carmen Yuen, Senior Executive, Vertex Ventures
- Takashi Sano, Principal, Global Brain
- Monica Tsai, Senior Director, Investments and Operations, Singtel Innov8 Ventures
- Terence Sim, Vice President, Vickers Venture Partners
Good traction and global scalability
Most of the teams that were shortlisted showcase both unique value propositions as well as significant traction with their products and services.
All smiles from DataStreamX and the judges at Red Dot Ventures
DataStreamX wowed the judges with their succinct, yet effective pitch.
“DatastreamX was impactful and cut straight to the point, was well prepared and impressed the judges,” said Golden Gate Ventures’ Michael Lints.
simgo impressed the judges with a clear understanding of an easy-to-adopt, flexible product, with a second-generation all set in “a month or two” for ultimate integration into all layers of the mobile ecosystem (including mobile devices, chipset layers, and sigma devices).
“There was a good range of companies, but ultimately, we were looking for something with a solid global reach, and solutions ready to go. From there, it was obvious” said Yuen.
An intense judges’ deliberation at Life.SREDA
The potential of Singapore’s startups
The startup ecosystem in Singapore has seen massive growth since its ‘start’ in 2009, with serious interest and investment from the government, then followed by a slew of foreign investor interest. 2015 saw only continued, exponential growth.
Karthik Sathuragiri, Akamai‘s Director of Marketing (APAC) also conducted a workshop on the range of opportunities and challenges the continued evolution of the internet space presents to startups.
Also read: Find your niche in the future of the internet
As such, events like the TOP100 Qualifiers are important in nurturing a culture of innovation, collaboration and healthy competition in countries like Singapore.
Scores from across all 14 cities’ qualifiers will be tabulated to determine the ultimate TOP100, who will receive the opportunity to pitch on stage and exhibit among the region’s best at Echelon Asia Summit 2016.
So what should startups pitching in other qualifiers take away from this one?
“When you pitch, especially when you have limited time, make sure you hit the most important element that investors are looking for, very quickly. Otherwise you will get drowned out by the presentation and the details and you don’t come across as impactful,” advised Lints.
The TOP100 Regional Qualifiers have just begun. With 13 cities left to go, a final 100 startups will be selected to showcase at the annual Echelon Asia Summit to be held in Singapore from June 15-16. Secure your tickets now to witness the TOP100 battle it out this June.