MENA Startups Shine at Seedstars World

ArabNet Team, Apr 07 2017

Seedstars World, the global startup competition in emerging markets organised by Seedstars, brought its 2017 round to a successful close at the Seedstars Summit, hosted at the SwissTech Convention Center in Lausanne, Switzerland. After travelling to 65 different countries to find the best seed stage startups, the Seedstars team invited the local winners to the final round to compete for an equity investments of up to USD 500,000, as well as other exciting prizes. After participating in a two-day bootcamp and an investor forum, 12 startups were selected to compete and pitch on the main stage, in front of a crowd of 1000+ participants and a panel of international jury, consisted of Charles Lorenceau, Director at ACE & Company UK, Cedric Waldburger, CEO at Tenderloin Ventures and Pierre-Alain Masson, Co-founder at Seedstars Group. The grand winner of the fourth edition of Seedstars World was Acudeen Technologies, from the Philippines.

The Filipino startup, founded by Mario Jordan “Magellan” Fetalino III, was awarded the Seedstars trophy on stage by Pierre-Alain Masson, Co-founder at Seedstars Group and crowned the “Seedstars World Global Winner 2017” for their innovative solution that turns SMEs invoices into cash through discounting of their receivables, providing them with necessary working capital they are not getting from the banks. 

In addition to the USD 500K investment prize for the Seedstars World Global Winner, 5 other startups were awarded special prizes, including 2 regional ones:
  • Asafeer Education Technologies from UAE was awarded  the TRECC Transforming Education Prize, a grant of USD 50,000, presented by TRECC.

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  • Mind Rockets from Jordan was awarded the Public Vote, presented by SPECo which is the Office for Economic Affairs of the State of Vaud in Switzerland

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12 finalists startups were selected, 3 of which are from the MENA region:

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