Vizag Fintech Festival – Gateway To India’s Digital Transformation

Its real! Enlightening talk by Humanoid Robot – Sophia at Vizag Fintech Festival 2018

Vizag Fintech Festival – Gateway To India’s Digital Transformation, at a glance-

  • Welcome Keynote Speech by Hon’ble Chief Minister of AP & Hon’ble Minister of IT
  • Enlightening talk by Sophia, the world’s first Humanoid Citizen
  • 75+ Renowned Speakers
  • 2000+ Delegates from around the globe
  • CxOs Roundtable with Hon’ble CM, 8 power packed keynotes
  • $1 Million Challenge
  • Investor Connect, Demo Day and Awards, CxOs Golf Tournament

The inaugural edition of Vizag Fintech Festival 2018, an initiative by Government of Andhra Pradesh, organised by Fintech Valley Vizag, is all set to take the centre stage in a magnificent way this year with the presence of leading international speakers and experts. The festival  is scheduled for 22nd  – 26th  October 2018 at Hotel Novotel, Vizag.

A first-of-its-kind event in the Fintech domain, Vizag Fintech festival is the most comprehensive and reputed global platform where the who’s who of Indian Financial and Startup ecosystem will congregate to discuss industry trends, challenges and market insights including the Indian regulatory framework in the august presence of international stakeholders of repute. The event aims to further upscale and mainstream the applications of Fintech, showcase product launches, innovations, and augment the forethought through the conference and the exhibition.​

One of the key attractions of Vizag Fintech Festival is the keynote speech by Sophia, the world’s first humanoid citizen.  Sophia is a highly sought-after speaker in business and she has showed her prowess and great potential across various industries. Having networked with key decision makers from the sectors of banking, insurance, auto manufacturing, property development, media, and entertainment. She has also appeared onstage as a panel member and presenter in high-level conferences, talking about how robotics and artificial intelligence will become a prevalent part in people’s lives. Her reputation extends beyond business into the global social arena as well. She was named the world’s first United Nation Innovation Champion by United Nations Development Program (UNDP) and she will have an official role in working with UNDP to promote sustainable development and safeguard human rights and equality.

While addressing the audience at Vizag Fintech Festival, Sophia will express her love for the state of Andhra Pradesh and how the state is on a mission to become the global destination for investments. She will also talk about the future of robotics in India and in Fintech domain.

 

About Fintech Valley Vizag:

The Fintech Valley in Vizag is a self-sustainable global Fintech Ecosystem promoted by Government of Andhra Pradesh. It focuses on converging finance and technology to create large avenues of growth through industry-enablers, world-class infrastructure, entrepreneurship and innovation.

About SingEx India:

SingEx Exhibitions is a subsidiary of SingEx Holdings, and is wholly owned by Singapore’s investment company, Temasek Holdings. The company harnesses insights and its strategic networks to organise and manage a series of trade exhibitions and conferences in various industries including automotive, education, environment, e-commerce and logistics, technology, healthcare and lifestyle. These events aim to connect businesses in Asia and globally and facilitate business matching opportunities and knowledge sharing. For more information, log on to www.singex.com

 


 

Countdown to the Million Dollar Challenge – Forty startups from about ten countries have been selected to head to the grand finale at the Vizag Fintech Festival  

Over 40 startups from over 10 countries will be competing for the million dollar grant from the Government of Andhra Pradesh at the Vizag Fintech Festival that will be held between October 22 and 26.

The Government of Andhra Pradesh, in strategic collaboration with its challenge partners, DCF Ventures and BizofIT, have selected 40 startups globally, from Fintech, Agritech and Emergetech, for the finale of the $1 M challenge. The shortlisting of the startups was completed after the roadshow in Bengaluru on Wednesday.

Twenty-four startups have won $ 10,000, two are tied with the award of $ 5,000 each. Due to the superior quality of the startups and the overwhelming response, an additional list of 14 consolation prizes have been awarded to 14 startups, who will be pitching at the Grand Finale. All the 40 startups have an opportunity to exhibit at the Vizag Fintech Festival to more than 1500 global delegates  comprising of VCs, angel investors etc.,. There are almost 40% startups who have attracted informal interest from the investors through these roadshows already  and these investors are likely to be present on the demo day.

A total of 14 startups were selected from the Fintech category, whereas 15 and 11 startups were selected from the Emergetech and Agritech categories respectively.

The startups were selected after roadshows in San Francisco, Chicago, New York, Tel Aviv, London, Paris, Hong Kong and Bengaluru. An equity-free funding of first prize of $150,000 (~INR 1 crore), second prize of $100,000 (~INR 70 lakh) will be awarded to the winners. Finalists in each category will get ~INR 7 lakh each to set up their business in Vizag, Andhra Pradesh. $1Mn Challenge winners will be announced by email and on the  vizagfintechfestival.com site at 6:00 pm on October 25th. The Awards ceremony will be held at the Vizag Fintech Festival on the same day.

The finalists and winners of the challenge will also be supported by Fintech Valley Vizag in enabling them to set up operations and grow their business in the state of Andhra Pradesh.

“Across the world, we have seen unique innovations through the roadshows. The challenge proved to be a great platform to showcase expertise to enable a better socioeconomic society. Andhra Pradesh’s initiative through this challenge will boost the Indian digital transformation and also bring the best solutions from around the world to the people of India” said Mr JA Chowdary, Special Chief Secretary and IT Advisor to the Hon’ble Chief Minister of Andhra Pradesh.

“The entire selection process through the roadshows was enriching. We received the wholehearted support of the Andhra Pradesh Government. They made the entire process purely meritocratic, transparent and with complete autonomy to the challenge partners. The startups across fintech, emergetech and agritech were exciting, and the ones most relevant to the Indian geography will be pitching at the festival” said Ms. Lakshmi Potluri, the CEO of DCF Ventures.

 

List of forty companies

Fintech Emergetech
Agritech
Biocatch(Israel) Nanowear(US) 3bar biologics(US)
Rewire(Isreal) RaSpect Sencrop(UK)
Lapetus solutions Involi(France) Beehero(Israel)
AssetVault(UK) Team 8(France) Desolinator(UK)
Quipital(Hong Kong) MediconCen(HK) Saillog(Israel)
Kristal-IO(France) Orbo(UK) Agexchange group
Toolyt (India Tie) Tardid(India) FarmX
Cashkumar (India Tie) Matisoft(IIT Delhi) Snapdna(US)
Brainpool(UK) Zasti(UK) FF Agro(US)
Hexanika(US-India) SentioVR(Chile-India) Fopple Drone
neoEYED(US) LRNR(India) Intellolabs
Keka(US) Wisepro(US)
Diligence Vault AlgoSurg
Enterx capital market COGOS Technologies
3D Usher

Note: The ones in green are the 26 finalists who are eligible for the USD10k and USD 5k (for the tied companies)

About $1M Challenge

In its endeavour to transform the state into a globally competitive haven, Government of Andhra Pradesh scripted ‘Vision 29’ where it aims to be among the top three performing Indian states by 2022, the top state by 2029, eventually becoming the most preferred global investment destination by 2050.

APEITA’s initiatives through Fintech Valley Vizag revolve around the same vision, and also towards providing solutions to the state’s citizens and industries that are spread across various verticals.

$1M Challenge is a part of ‘Vizag Fintech Festival’ (to be held between October 22nd and 26th) that enables startups to showcase their solutions in the Fintech, Agritech and Emergetech tracks. The startups stand a chance to win funding and assistance in setting up their office in Vizag.

More information on the Vizag Fintech Festival can be found at http://www.vizagfintechfestival.com, and information on the Global Challenge can be found at 1 Million $ Global Startup Challenge.