Singapore entrants to DFJ-Cisco Global Business Plan Competition announced

DFJ partners with Cisco for Global Business Plan CompetitionLeading early-stage venture capital firm Draper Fisher Jurvetson (DFJ) and Cisco today announced the Singapore entrants to a global business plan competition for students aimed at fostering innovation and entrepreneurship. The competition will rely on Cisco TelePresence™, which enables collaboration through a live, face-to-face network communications experience, to allow finalists from around the world to present their business plans in real time to a joint panel of DFJ and Cisco executives based in San Jose.

DFJ-CISCO Global Business Plan Competition

The start-ups selected from Singapore are:

  1. TheMobileGamer – mobile application with social aspects, for users to discover and try mobile games
  2. Phokki – online marketplace for photo-retouching and photo-styling services via wiki-styled and crowd-sourcing approach
  3. E-Thermity – colour-varying baby milk bottles, depending on temperature of the bottle’s contents
  4. Zimplistic – automatic roti maker billed as the future ‘rice cooker’ of India

As with any competition, only the strongest will survive – there will only be one winner.  According to Wikipedia, there are a total of 203 soverign states around the world.  Assuming a conservative 30% of countries entering 4 start-ups each to the competition, our 4 start-ups are up against 239 others from the best and brightest around the world, to clinch the top prize of a US$250,000 investment from DFJ.

All the best to you guys!  I’ll end this entry by wishing you good skill – for luck has no role to play here.

About James Chan

James Chan is an entrepreneur, investor, geek, photographer and husband/father based out of Singapore. Apart from frequent travels to Vietnam, Myanmar and Indonesia for work, James can also be found online via his trusty 15" Retina MacBook Pro or iPhone 6+.