New Delhi based SaaS startup, Contify has been announced a winner along with 8 other startups from around the world in the 2014 StartmeupHK Venture Programme. The 9 winners will be competing in a 5 day grand finale in Hong Kong from Nov 10 through Nov 14. Contify happens to be the only winner from India. The remaining 8 winners are from Canada, Finland, Germany, Hong Kong, Israel, Japan, Singapore, Sweden, and US.
The Venture Programme began in July this year by inviting start-ups from around the world to apply. The StartmeupHK jury received over 550 applications from 47 countries out of which 40 were shortlisted for the semi finals based on several criterion including scope of the problem being addressed, product market fit, current revenues, projected revenues, no. of customers, global product placement etc.
The founders and core teams of the shortlisted 40 startups were then interviewed by the StartmeupHK assessors. Based on the assessors’ evaluation of value proposition, business model, and team potential, the final 9 winners were announced.
During the 5 day grand finale, the winners will pitch to a group of investors, get access to expert market insights, and receive high level mentorship for building a business in Hong Kong.
“The StartmeupHK Venture Programme has attracted not only scalable startups but also the attention of local and overseas family offices and high-net-worth individuals given the investment potential that Hong Kong’s startup ecosystem has to offer.” – Simon Galpin, Director General of Investment Promotion, Invest HK. “The startup scene in Hong Kong has grown rapidly. It is home to roughly 600 to 800 startups, many of them led by overseas entrepreneurs. Now is the right time for founders and investors from all over the world to come to Hong Kong and experience our thriving startup community.” – Gregory So, Secretary for Commerce and Economic Development, Hong Kong
“We’re absolutely thrilled to be a winner in this prestigious venture programme. Hong Kong sits in the center of the Asia Pacific growth story. Its vibrant economy is growing rapidly and its regulations are startup friendly. It’s a perfect market to seriously consider if you’re looking to grow in Asia Pacific. Being selected as a finalist alongside other promising startups doing some ground breaking work in the areas of technology, education, robotics, etc. is a validation of our own value proposition. We’re looking forward to compete in the grand finale in Hong Kong.” – Mohit Bhakuni, Founder & CEO, Contify
Found in 2009 as a content syndication business, Contify is a product company focused in the areas of machine learning, artificial intelligence, and natural language processing. It offers an intelligence platform to enable businesses to monitor their competitors, customers and industries along with critical market variables that impact ones business.