Finalists compete for spot at 2018 Global Entrepreneurship Congress in Istanbul, Turkey
The Global Entrepreneurship Network announced today the top 10 finalists for Startup Open – a global competition to find some of the most promising young startups in the world.
Startup Open is one of the marquee GEN programs, which gives entrepreneurs a virtual stage in which to pitch their ideas, receive feedback and compete for mentoring – to help move their startup forward. The announcement comes directly after Global Entrepreneurship Week, a celebration of innovation and entrepreneurship by roughly 10 million people in 170 countries around the world.
The top 10 finalists include, in no particular order: (Read below for full startup descriptions)
- AbiliSense, Israel
- Clarius, Canada
- Diagnos, Cameroon
- Heartstrings, Sweden
- InitioCell, Turkey
- Insight AI, New Zealand
- Insolito, Estonia/Palestine
- Leo Aerospace, United States
- Monetta Technologies, Canada
- Porous City Network, Thailand
This year, the top 10 were selected from 1,016 founders, from 82 countries. The finalists hail from 10 different countries including Israel, Canada (2), Cameroon, Sweden, Turkey, New Zealand, Estonia and Palestine, Thailand and the United States.
This is the eighth year for the competition, and a preference was given to entrepreneurs from any industry with a new business that has yet to raise any outside capital from angel investors, venture capital firms or other formal sources of seed funding.
These finalists will automatically gain membership in the GEN Starters Club, a community of talented founders with access to GEN mentors, enhanced exposure and curated networking opportunities at special events around the world. The winner will be announced in February 2018.
The Startup Open winner will receive an all-expenses-paid trip to Istanbul, Turkey, where they will attend the Global Entrepreneurship Congress in April 2018. The GEC brings together entrepreneurs, investors, global leaders and startup champions from more than 170 countries to explore the best ways to build and strengthen entrepreneurial ecosystems. As part of the experience, the Startup Open winner will have the opportunity to showcase his or her startup on a global scale and meet with potential collaborators, mentors and others to help the startup grow.
Past winners of Startup Open have gone on to market their product on platforms such as the Home Shopping Network, and have also participated in other GEN events and programs. Konstantin Berezin of Israel, co-founder of BrighTap, the 2017 winner, recently participated in the first Startup Nations Summit Policy Hack, bringing his experience as an entrepreneur to aid in finding public policy solutions that help startups and startup founders flourish.
Full descriptions of the top 10 Startup Open finalists:
AbiliSense offers a sophisticated way to analyze sounds from home, work, and the surrounding city, and provides assistance for life-threatening or unexpected situations, based on sound analysis using unique algorithms. The AbiliSense black-box monitors various sounds of danger, accidents and suspicious activity that are transformed into alerts sent directly to applications, command centers and IoT devices.
Clarius is a handheld wireless ultrasound scanner that is easy to use and costs a fraction of the price of a typical ultrasound device. Clarius works with most iOS or Android smart devices and is controlled wirelessly by an application. Clarius has demonstrated superior image quality, weighs less than a pound, and can be easily carried from patient to patient, on ambulances and to remote areas.
Diagnos is a mobile health solution that uses big data and artificial intelligence to provide a rapid diagnosis, detection, prediction and prevention of respiratory diseases. The device provides a free top-line consult in less than 10 minutes, predicting future problems, providing advice and connecting patients with doctors.
Heartstrings by Hippogriff AB
Heartstrings is an artificial intelligence technology for screening and early diagnosis of heart diseases. It uses the usual data that are generated in today’s diagnostic process including ECG and demographic data. Heartstrings has been validated through two clinical trials that included more than 700 patients.
Lab-on-a-Chip by InitioCell
InitioCell develops and produces “lab-on-a-chip” devices, used for drug discovery. They are working to reduce fabrication costs by at least 10-fold and the patent-pending lab-on-a-chip devices are multi-functional – targeting customer segments research labs and pharmaceutical/biotechnology companies.
InSight AI personalizes and optimizes learning in schools through a virtual trainer called Alex. Alex is a future focused scalable solution to learn skills with the power of AI and machine learning – radically accelerating learning for each student through predictive learning paths that help teachers to easily detect patterns of misunderstanding.
Insolito is a smart insole fitness tracking and safety device that provides detailed feedback on a user’s fitness routine. It is programmed to correspond to certain foot movements to call the police, send your location or an SOS message to your friends and family. Insolito also enables users to control mobile functions like making a call, taking a selfie, or playing music through certain feet stomps and movements that the user chooses.
Leo Aerospace is developing a space launch system that will provide dependable launch, limited lead time and freedom of design for microsatellite manufacturers, NASA and the U.S. government. It will provide customized launches using Rockoon, a rocket-balloon hybrid technology that reduces the cost of a dependable launch solution – driving increased space-related activity by corporations and researchers.
Monetta develops meeting management software to reduce the ambiguity and increase the accountability of participants in internal meetings by leveraging speech-to-text technology. Monetta Technologies aims to create an automated note-taking tool. Currently the company has a software that uses dictation to take notes easily during meetings. Monetta was created through a Queen's University incubator.
Porous City Network
Porous City Network tackles climate change by reclaiming urban porosity through permeable public space projects while expanding knowledge of design solutions for climate resilience through research, outreach, and public education. Its solutions call for green roofs, permeable parking, rain gardens, urban farming and urban forests, providing areas for run-off absorption and alleviating urban heat islands.