PRESS RELEASE
In the framework of the Global Startup Competition Series, EDGE196 group announced the launch of Asia Fintech and Blockchain Startup Competition 2020.
This startup competition is a prestigious virtual elevator pitch contest where top Asian founders or startups working with Asia will showcase their business ideas to the panel of investors. Objective is to identify the next generation of startups leading the transformation of the fintech and blockchainblockchain industries and to invest in them.
EDGE196 is an investment company with a global startup ecosystem designed to provide mentorship and business support to entrepreneurs in 196 countries. The company is focused on providing the necessary ecosystem to talented founders to help them succeed.
“While financial technologies are leading everyday lives in China, Singapore, HK or Japan, many Asians, in particular those of 40 million Asian workers abroad, are still struggling to remit money to their families back home. This is just the tip of the iceberg. I look forward to this competition and the opportunity it brings to the Asian fintech and blockchain ecosystems.” said Jay Patel, the founder and CEO of EDGE196.
EDGE196 has been in the forefront of startup competitions and hackathons since its inception. In 2017, at the Global Startup Competition, EDGE196 selected 21 startups as pitch finalists among 3000 applicants. One blockchain startup won and received $1M investment from EDGE196 live on the stage.
Asia Blockchain and Fintech Startup Competition officially opens its virtual doors on October 19, 2020 for six weeks allowing the next generation of entrepreneurs to submit their investor deck online. Six winning startups will be announced on December 4, 2020 and invited to spend four weeks with the EDGE196 mentors and investors in Sugar Land, Texas. In addition, each one of the winning teams will receive between $25,000 and $200,000 in equity investment. EDGE196 will further evaluate the selected companies and invest up to $1M as a follow up round.
The applications are open from October 19 until December 4, 2020. Startups can apply directly on the official website.
All funds awarded are equity investments subject to due diligence and the execution of appropriate investment documentation.
