FARMINGTON HILLS, Mich., Sept. 28, 2018 /PRNewswire/ -- The $1M Startup Challenge in North America, organized by Fintech Valley Vizag in partnership with Kyyba Innovations evoked an overwhelming response. The roadshow was conducted in San Francisco, Chicago and New York from September 7 to 13th to identify and recognize the innovative startups in Fintech, AgriTech and EmergeTech.
"The success of North American roadshow held at various US cities Chicago, New York, and San Francisco has given a head start to numerous aspiring entrepreneurs. Such platforms enable innovators, entrepreneurs and businesses to come together, to create the next big things," said Tel K. Ganesan, Managing Director of Kyyba Innovations.
Over 300 delegates representing startups, corporates, financial institutions and investors attended the roadshow held in the 3 cities. Over 250 startup applications were received out of which 83 startups were shortlisted to present at the roadshows in front of a panel of 36 investors as judges. The event also featured 34 industry experts as speakers.
"Bizofit is pleased to have been chosen as one of the North America Challenge Partner of Andhra Pradesh in this exciting journey. We believe, this will position VIZAG as a 'Virtual Innovation Zone Accelerating Growth'," Bizofit founder and CEO Palamadai said.
The Fintech festival will conclude with 25 finalist chosen from all over the world, pitching their solutions at the Demo Day. $1 M Start-up Challenge winners will be announced at the Awards ceremony which will be held on October 25, 2018 during Vizag Fintech Festival.
"The Andhra Pradesh government is committed to create a robust ecosystem of next-gen startups and a talent pool that corporates, investors and technology companies can leverage to navigate the emerging digital trends and enable co-innovation," JA Chowdary, Special IT Advisor to the Andhra Chief Minister, said.