And the best start up goes to…
Exora Technologies, an online platform that allows big enterprise and industrial electricity end users to choose their electricity suppliers, topped a talented field of 20 startups from all over Asia to win the $10,000 prize (P500,000) in the Ring of Fire competition at Techtonic Summit, the biggest tech summit in the Philippines held recently at the SMX Convention Center.
“It was great to see the startup ecosystem converge,” says Francis Simisim, Managing Partner at Original Pitch Venture Capital. “The goal of summits like Techtonic is to empower startups and get them to showcase their business to a wider audience. I think this year, with the amount of traction we got, I would consider that a success.”
Techtonic Summit 2018 was organized by QBO Innovation Hub – a public private partnership backed by the Department of Science and Technology (DOST), Department of Trade and Industry (DTI), JP Morgan and IdeaSpace Foundation – and Original Pitch Ventures, PMCM Events Management, XS by XS, and LiquidMinds.
It featured Senator Loren Legarda; Senator Bam Aquino; DOST Undersecretary Rowena Guevara; DTI Undersecretary Nora Terrado; Department of Information and Communications Technology (DICT) Undersecretary Mon Ibrahim. Speakers included the likes of Marcus Tan, the founder of Carousell, a Singapore centaur, rumored to be the next unicorn; Jeﬀrey Paine, Managing Partner of Golden Gate Ventures, a Southeast Asian venture capital firm; Paul Meyers of muru-D, a venture capital firm owned by Telstra of Australia and many more notable figures in the local startup industry like Minette Navarrete of Kickstart Ventures; Diane Eustaquio of IdeaSpace Foundation; Katrina Chan and Natasha Bautista of QBO Innovation Hub.
Exora’s founder, John Michael Bernil, is a 21-year-old entrepreneur who is no stranger to winning pitch competitions. He competed at the Ring of Fire against 19 other formidable startups and emerged the winner, taking home $10,000.
“It was an honor to be able to compete on this stage in front of this crowd,” says Bernil. “Big tech summits like Techtonic are really important, not just because of the significant cash prizes, but also because it highlights all these amazing Filipino startups.”
There were also competitors from China, Indonesia, and such, but the top 3 winners of the Techtonic Summit were all Filipino startups.
The first-runner up is OneWatt, a hardware startup that oﬀers EARS, or Embedded Acoustic Recognition Sensors, a non-invasive sensor that uses machine learning algorithms to literally listen to industrial motors. These sensors monitor the condition of motors through sound. When it sounds like it’s about to breakdown, EARS can tell when a fault will occur as well as what and where it is on the machine.
And second-runner up is Antipara Exploration, a startup for marine environment protection and conservation. They provide underwater coastal mapping, assessment, and 3D visualization services. Where the traditional manual method usually takes 2 to 3 months of tedious data gathering, Antipara can cover 25km of coastline in a day. Such data has the potential to open up opportunities for environmental conservation and protection.
The Ring of Fire competition also invited the audience to vote for their favorite startup using a chatbot provided by another Filipino startup, ChatbotPH. The People’s Choice Award was given to AIDE, the first home medical care app in the Philippines. They received a Redfox laptop and Skull Candy earphones.
The pitching competition had a rigorous selection process. Other than the $10,000 cash prize, startups got massive exposure to top investors, public and private partners and international media as well.
Techtonic Summit 2018 is an annual 2-day convergence of Asia’s most disruptive ideas, technologies, and innovations that featured the best startups from all over Asia, investors, corporates, and government representatives, and local and foreign startup enablers.
Congratulations to Ms. Mys, Francis, Chris and to all the people behind the success of Techtonic Summit 2018. Looking forward to the 2019 ediiton to be as bigger and brighter!
For more info on Techtonic Summit 2018:
Email: [email protected]