Ukrainian Startup Fund Holds Seventh Pitch Day
On June 23, the Ukrainian Startup Fund held the seventh Pitch Day. Given the quarantine, the event took place remotely using the ZOOM video conferencing service. Presentations (pitch) were made by 9 startups. All of them are at the pre-seed stage (applying for state grant funding of $ 25,000 each).
This time the event was opened by the winners of the first pitch: BioBin and Geodesign, who talked about their successes after receiving a grant and gave advice to other participants who are just about to present their projects.
They were supported by a speech by Dmitro Shimkiv, member of the Supervisory Board of the Fund and chairman of the board of directors of the Darnitsa Group:
“Today in Ukraine, in spite of the pandemic and economic challenges, there is a big demand for startups. In the current conditions of challenges and crisis situations, we observe a situation of opportunities. If you take part in the pitching, you have an idea, a drive, a vision of WHAT to implement, HOW and WHERE It seems to me that this is the most important thing. The greatest companies appeared and developed during crises. Our state gives money for the development of their own ideas and commercialization. Not many countries can afford it. It’s great when there is an opportunity to try. The startup movement creates new models, new economical solutions for Ukraine and business in general”.
Members of the Competition Commission evaluated the pitch of startups:
Olexandr Romanishin. Advisor to the Ministry of Digital Transformation of Ukraine, partner of the accelerator ISE Booster, member of the supervisory board of UVCA (Ukrainian Venture Capital and Private Equity Association).
Andriy Guly. Indax Chief Analyst.
Hanna Tolstanova. Head of the research part and professor of Taras Shevchenko National University of Kyiv.
Andreas Flodstrom. Founder and CEO at Beetroot.
Felix Litvinsky. Managing Director Blackstone LaunchPad
Sergiy Dovgopoliy. Managing Partner, Business Accelerator FeelGoodLabs
Andriy Zaikin. CEO at YEP startup incubator
The main criteria for evaluating projects at the pre-seed stage are: team, market, technology, idea, strategy. In each category, a maximum of 5 points (total maximum 25). A passing score for a recommendation to the Supervisory Board for a grant is 12 points.
Based on the results of evaluations of the Competition Commission, the following rating list of startups was formed (from the highest score to the lowest):
Jooli. The application for content marketers and PR specialists is focused on small and medium-sized SaaS companies, which saves up to 5:00 a week and doubles effective communications. JOOLI in real-time analyzes the activity of the company and competitors in the main communication channels of this type of business and briefly announces the release of market and competitor news.
IZIVIZ. Drone for safe, easy and efficient visual inspection.
Elomia. An application with a virtual psychologist friend, listens, understands and provides psychological assistance to people with depression and anxiety.
RunAn. A sports tracker that allows to reduce injuries and increase running efficiency, by controlling the running technique.
Bicovery. Real-time monitoring of the mental and physical state of a bipolar person and timely reporting of the episode approach using Machine Learning technologies.
Gymcerebrum. An artificial intelligence platform with unique computer vision, which will function as a virtual trainer on the territory of the fitness club.
Pocket IP. A platform for searching, maintaining records and managing your intellectual property worldwide.
Scrooge. For travelers who buy online insurance, tickets, package tours or register for a flight, Scrooge is a mobile application that automates data entry using information from a biometric passport and allows you to do it faster, without fear of mistakes.
Каньйон Інжиніринг. IT Academy for the Training of Electronics Engineers.
At a meeting of the Fund’s Supervisory Board, which will be held in the near future, a decision will be made which particular startups will receive grant funding.
Startups at the pre-seed stage (grant $ 25,000):
iCorn. A trade and logistics platform that unites farmers and buyers of agricultural products and makes it possible to do business on the platform to transport companies, elevators, laboratories, banks and insurance companies.
BIOsens. The development of the first device in the world automates sample preparation, analysis and storage of results in the cloud in one device and allows testing outside the laboratory, but with laboratory accuracy.
Startups at the seed stage (grant $ 50,000):
Cardiolyse. The software device is an independent platform for the automatic interpretation of electrical heart signals at rest and Holter monitoring (lasting 24 hours or more) of a medical level, CE-certified to detect 19 types of arrhythmias and accurately detect most heart abnormalities, including myocardial infarction for recording ECG from 12 layering.
Unicorn Nest. B2B SaaS solution for startups that attract investment. Startup recommends the most relevant investors for its own verified largest market base of investors and builds a market standard for fundraising.
Mate academy. Online University of IT Professions.
Source: usf.com.ua
