Who Won the Hyundai Startup Competition?
Hyundai has announced the 3 winners of its first Hyundai Startup competition, organized in Lebanon in collaboration with ArabNet.
The final pitching session and awards ceremony took place on November 18, 2015 at the Hyundai flagship showroom in Zalka, in the presence of former Minister of Telecoms, Nicolas Sehnaoui, and key players representing the industry, including investors, accelerators, and innovators.
The competition is the first of its kind by Hyundai in the country. It reflects the manufacturer’s motto “New thinking, new possibilities” and aims to reward innovation in the tech and digital sectors.
150 startups and entrepreneurs had applied for the competition since it was launched in August this year. Last month, 20 finalists were announced and were rewarded with a mentorship program, leading up to the final pitches.
The mentorship program included one-on-one consultations and 5 workshops that were held at the ArabNet offices in the Beirut Digital District. The workshops covered product design, app monetization, accounting, and pitching strategies. The workshops were also open to four runners-up.
… And the Winners Are
1st Prize ($15,000): LifeLab BioDesign
This agriculture company, founded by Ali Makhzoum, designs cloud-connected turnkey solutions for hydroponic farms.
2nd Prize ($10,000): DaycareChannel
Developed by Georges Rehbane, this app connects daycare managers, teachers, and parents to provide a better experience all-around.
3rd Prize ($5,000): Pathfinder
Developed by Moalla Allani, this app acts as a smart assistant for visually impaired people.
But wait, there’s more!
Hyundai management and the judging panel decided to reward 2 additional startups with $1,000 each as a way to show their appreciation and support for their idea:
Developed by Fouad Fattal, Krimston 2 is a dual SIM card solution for smartphones with an extended battery life solution, offering users a hotspot at all times.
Developed by Emile Sawaya, this app aims to facilitate day-to-day financial transactions and other work and time management processes for people with cognitive difficulties.