Leading 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.
The start-ups selected from Singapore are:
- TheMobileGamer – mobile application with social aspects, for users to discover and try mobile games
- Phokki – online marketplace for photo-retouching and photo-styling services via wiki-styled and crowd-sourcing approach
- E-Thermity – colour-varying baby milk bottles, depending on temperature of the bottle’s contents
- 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.