Washington, DC and Tel Aviv, Israel (PRWEB) February 07, 2014
Today, 1776, an incubator platform located a few blocks from the White House, in partnership with Microsoft Ventures Tel Aviv, an accelerator aimed at helping early stage startups do big things in cloud, internet and mobile, announced the winners of Challenge Cup for the Tel Aviv region.
Challenge Cup is a startup competition spanning 16 cities around the world and culminating in Washington, D.C. to find the world’s most promising startups innovating in the categories of education, healthcare, energy, and smart cities.
Thirty-five startups competed during the event on February 6. The competitors also participated in an accelerator program for the two days preceding the competition, which included a talk on investments led by Jon Medved, Founder and CEO of OurCrowd.
In addition to Evan Burfield, cofounder of 1776, other judges included Gadi Mazor, General Partner and CTO, OurCrowd; Rony Zarom, Founder and CEO, Watchitoo; Zach Weisfeld, Senior Director, Microsoft Ventures; Dr. Abraham Gross, Deputy Chief Scientist, Ministry of Economy, Israel; and more.
“With 35 tournament competitors, Tel Aviv really shows us why Israel is known as the Startup Nation,” said Evan Burfield, cofounder of 1776. “We were particularly impressed by how many Israeli startups are pursuing really substantive solutions to hard problems.”
The regional winners include:
- Education: Lingual.ly – Takes a new approach to digital language learning with a free, cross-platform solution that combines an online dictionary with a smart, personalized flashcard system to teach beginner through advanced learners via web immersion.
- Energy: Winflex – Winflex is a company in the renewable energy field that has developed a new patent-pending rotor and unique wind turbine design.
- Healthcare: Medisafe Project– A cloud-based, medication-management platform designed to understand the personal causes of non-adherence. The platform uses this information in real-time to create better patient engagement and raise medication adherence.
- Smart Cities: Pink Park - The world’s first on-line parking marketplace to incorporate single spot sensors technology. They connect home and business owners who would like to earn money from renting their space with drivers in need of a convenient and cost-effective place to park.
The next Challenge Cup competitions will be held in Beijing, China, New Delhi, India and San Francisco, CA. The Challenge Festival will run from May 10th to May 17th, with the headline event, the Challenge Cup Global Finals, taking place the afternoon of May 17th. View the schedule and register for badges here. Challenge Cup Global Partners include: U.S. Chamber of Commerce, District of Columbia, Pearson, TechCocktail, iStrategyLabs, Microsoft, and The Aspen Institute.
To be accepted, companies must be less than three years old, have less than $3M USD in revenue to date, have a scalable product or service already in the market, evidence some level of traction (active users, enterprise customers, or revenue), and have raised less than $1.5M USD in capital. Companies can apply on http://challengecup.1776dc.com/apply.
1776 is a major initiative focused on helping entrepreneurs seeking to reinvent our lives as citizens. Located just blocks from the White House, 1776 convenes and accelerates startups from around the world by connecting them to the political, intellectual, social and financial capital that make Washington, D.C. unique. Visit http://www.1776dc.com or @1776dc on Twitter for more information.