InnoVEX 2019 ended on May 31 with a total 18,251 visitors joining in this year’s Innovation Hub of Asia. InnoVEX 2019 had the highest Pitch Prize Pool yet: a total of USD 420,000 separated into 8 prizes; the InnoVEX Grand Prize Taiwan Tech Award, Taiwania Capital Innovation Award, Qualcomm Innovation Award, Startup Terrace Award, and Startup Terrace JIC Award.
With 10 finalists from Taiwan, Hong Kong, and South Korea; the final round showed great innovations and solutions that answer real-world issues. The level of pitching finalists continue to impress the judges who commented that the competition was both fierce and tight; with many teams only separated by a tiny margin.
The Grand Prize of InnoVEX 2019 is the Taiwan Tech Award. Worth USD 100,000: the award consists of USD 30,000 cash, USD 20,000 in placement at Taiwan Tech Arena for 1 year, and USD 50,000 in company training program & resources from TTA/TIEC. In the end, the Taiwan Tech Award went to MedFluid, a biotech startup that focuses on using microfluidics to improve the healthcare quality of infectious patients by supporting the precise antibiotic prescription. MedFluid was also one of the winners of the Startup Terrace Award.
The Taiwania Capital Innovation Award was sponsored by Taiwania Capital that was worth USD 10,000 for startups in IoT or biomedical. The winner of this award was MTAMTech; a biotech startup that aims to resolve issues with the ineffective treatment of cancer patients through personalization of treatment.
The Qualcomm Innovation Award was sponsored by Qualcomm Incorporated worth USD 10,000; awarded to startups in AI & Big Data, AR/VR/XR, Hardware & IoT, or 5G applications. The winner of this award was Ganzin Technology; a startup that created an AR/VR eye tracking module.
The Startup Terrace Award and Startup Terrace JIC Award provides the winning startups with USD 60,000 as well as resources such as free residency in the Startup Terrace. The JIC Award was awarded for startups that use AWS cloud service for their core products or services.. The winners of the Startup Terrace Award are: MIFLY, OSD, PurCity, and MedFluid. While the Startup Terrace JIC Award is OMNIEYES.
For more details on the winners, visit the Pitch Contest page: https://innovex.computex.biz/2019/SHOW/pitch.aspx