Zone Startups India (ZSI) Awards Five Indian Startups In North America

Five Indian Tech Start-ups have been crowned winners of the 5th edition of the Next Big Idea Contest.

The  Next  BIG  Idea  contest  is  an  annual  startup  competition,  organized  by  Zone Startups India since 2013. Established as a joint-initiative with the Government of Ontario, Canada, the contest has gone onto attract industry partners such as IBM, Amazon Web Services, HDFC Bank, Google and TCS. The 5th edition of Next BIG  Idea 2017 contest is sponsored by Department of Science & Technology, Government of India, Global Affairs Canada, Provincial Governments of Ontario & British Columbia and Invest Quebec.

Five Indian Tech Start-ups have been crowned winners of the 5th edition of the Next Big Idea Contest.

The contest presents an opportunity for tech startups from India, to tap into US$19 trillion North American Market. Each year, 5 hi-tech, hi-potential Indian startups are selected through an application-based process, and provided a gateway to North America, by soft-landing them at DMZ, North America's #1 technology business incubator for a 2 week market access program. The contest winners get access to local mentors, corporate connects and investor connects in Canada.

The competition was launched in July 2017, with roadshows across 16 Indian cities, to discover India's 5 most innovative technology companies who are looking to leverage a presence in Canada, as a vehicle to expand to North America. Over 1,100 entrepreneurs participated in the roadshows across India, including tier-2 cities - Jaipur, Vizag, Goa, Pune, Ahmedabad, Indore, Chandigarh, Coimbatore and Hubballi.

The panel of jury for selection of top startups this year included industry leaders representing TCS, Capgemini, Accenture,, Jubilant Life  Sciences, Fullerton India, Mphasis & Nudge Foundation.

The Next BIG Idea 2017 contest winners are:

  • Sequretek IT Solutions: Co-founded by Pankit Desai, provides advisory, consulting and technology services in the area of Information Security, Data Management and Enterprise Management.
  • Element42 Management Solutions: Co-founded by Pruthvi Sridhar, provides an innovative solution for corporations and governments to combat the problem of Document Fraud
  • Gray Routes Technology: Co-founded by Soubhagya Sahoo, is a leading provider of location analytics and field automation software.
  • Cooey Technologies: Co-founded by MANU Madhusudhan, has developed an end to end patient engagement IoT platform for chronic patients.
  • Fingpay - Tapits Technologies: Co-founded by Pratyush Halen, has developed customized eKyc Applications and softwares for banks, Insurance and other companies.

In its 5th edition of annual Next BIG Idea Contest, Zone Startups is celebrating the 'Spirit of Entrepreneurship' by introducing a new dimension to the contest - "The Aditya Jha India Entrepreneur Award". Under this category, for the next eight years, each year one impact making Indian startup will be selected for a grant of INR 5 Lakhs and a 1-year access to the accelerator program at Zone Startups India. The award is sponsored & instituted earlier this year by Mr. Aditya Jha, well-known Indo-Canadian Entrepreneur and Philanthropist. This award will be over and above the 5 startups  that get selected as winners that travel to Toronto for a 2 week market access program.

The winner of the inaugural 'Aditya Jha Entrepreneur India Award' is Niranjan Subbarao, Co-founder, Cyclops MedTech - a wearable and clinical diagnostic product & solution using eye tracking technology - BALANCE EYE.

Ajay Ramasubramaniam, Director, Zone Startups India said, “We are really excited at how the Next BIG Idea contest has shaped up, since its launch in 2013. This year, we had roadshows across 16-cities and got 689 applications. It was all the more special that last year, our first-ever winner, CitrusPay (Winner - 2013), got acquired by Naspers-backed PayU & Konotor (Winner – 2014) got acquired by FreshDesk. It establishes the credentials of the competition to identify hi-tech, hi-potential companies at an early stage. We now look forward to making our 6th year even bigger!” The Next BIG Idea Contest is an important annual feature of Zone Startups India's calendar of bevy of programs, and the team looks at it as an ecosystem development initiative that helps Indian startups get exposed to international markets. Till date 22 startups have been soft-landed & exposed to North American Markets through the 2 weeks of fully paid program run by Zone Startups India.

Tags assigned to this article:
Zone Startups India (ZSI) indian startups

Around The World