MENA Startups Shine at Seedstars World
Seedstars Summit was held last April in Lausanne, Switzerland, combining panels and workshops about the latest technological advancements from emerging markets, and a competition for international startups. The highlight of the summit was the final results of the worldwide startup competition giving away $1,000,000 in equity investment to the winning startups. 12 startups were selected to compete and pitch on the main stage in front of participants and a jury panel. The Seedstars World Global Winner of the $500,000 investment prize was Acudeen Technologies, from the Philippines, an innovative solution that turns SME invoices into cash through discounting of their receivables. Several other startups received special prizes, including 2 regional ones: Asafeer Education Technologies from UAE, an electronic statistics tool, was awarded the TRECC Transforming Education Prize, a grant of USD 50,000, presented by TRECC. Mind Rockets from Jordan, an assistive technology for the deaf, won the Public Vote, presented by SPECO, the Office for Economic Affairs of the State of Vaud in Switzerland. Moreover, out of the 12 finalists startups that were selected, 3 of them are from the MENA region: Segmentify from Turkey, Mind Rockets from Jordan, and Raye7 from Egypt.