The Pitch Contest has been one of the mainstays of InnoVEX and this year, the InnoVEX Pitch Contest focused on various emerging industries, including: AI, Green Tech, Healthcare & Biotech, Semiconductor Applications, Smart Mobility, and more. The InnoVEX 2024 Pitch Contest was joined by 17 countries and regions including Taiwan, Germany, Hong Kong, Taiwan, India, Poland, Singapore, etc.

The InnoVEX 2024 Pitch Contest features a prize pool valued at a total of USD 100,000 which includes USD 63,000 in cash prizes as well as a number of professional and promotional resources. The prizes are provided by the organizers as well as the sponsors: The Ministry of Transportation and Communications (MOTC), the Small and Medium Enterprise and Startup Administration (SMESA) of the Ministry of Economic Affairs (MOEA), Business Startup Support Centre (BSSC), KPMG, NVIDIA, NXP, the ResorTech EXPO in Okinawa Executive Committee, PwC, and Taiwania Capital.

The finalists of the InnoVEX 2024 Pitch Contest are:

Startup Name	Product Name	Category	Country of Origin
MobiWeb X Co.	MobiWebX	AI	Taiwan
Fortune AI	SAFE SWIM	AI	Taiwan
Taiwan Polymer Material Company	R-ESG-Rubber	Green Tech	Taiwan
Watasumi Ltd.	Kappa Modular Treatment System	Green Tech	Japan
Pade Technology Co., Ltd.	The conveyor type of smart sorting textile	Green Tech	Taiwan
Hearing Action Inc.	Smart Hearing Butler	Healthcare & Biotech	Taiwan
Sunfox Technologies	Spandan	Healthcare & Biotech	India
Phygit	Phygit E-Label	Healthcare & Biotech	Poland
Tranzx Advanced Technology Co., Ltd.	Intelligent Level Detector	Precision Manufacturing	Taiwan
NETIGATE	TANGRAM AI+Industrial IoT (IIoT) Suite	Precision Manufacturing	Taiwan
Pharrowtech BV	High-speed wireless semiconductor chips	Semiconductor Applications	Belgium
NanoWired GmbH	NanoWiring-Cube	Semiconductor Applications	Germany
Ranictek Inc.	Energy-saving & Cost-effective baseband chips for 5G O-RAN base station & satcom	Semiconductor Applications	Taiwan
NTUST - The Applied Cryptography Laboratory	Vehicle Verify Crypto Certifier	Smart Mobility	Taiwan
ReisenderTECH Ltd.	ReisenderTECH Swerve Drive Module	Smart Mobility	Taiwan

After the online Preliminary round, the 15 finalists will proceed to the onsite Finals on June 6, 13:00 – 15:30. The 15 startups will be pitch directly to the judges for 5 minutes before a 3-minute Q&A session. The jury panel will decide the winners and announce the winners in the Award Ceremony at 16:00 – 17:00.

The details of the prizes are as follows:

• The winner of the Grand Prize will receive a USD10,000 cash prize; in addition to a free standard booth at InnoVEX 2025, promotional resources from InnoVEX, and unmatched networking opportunities with venture capitalists and industry experts.
• The Future Star Award is dedicated for Early Stage startups (pre-launch angel round) and the winner will receive promotional support as well as an invaluable opportunity for matchmaking with VC judges.
• The Smart Mobility Award is sponsored by the MOTC and will include a USD 10,000 cash prize. The winning team will have an opportunity to join the Intelligent Transportation Experiment Field project in Danhai New Town (D-City). Teams interested in applying for the Smart Mobility Award are encouraged to include how their innovation are relevant to “C-V2X” or their existing applications and advantages in the “C-V2X” field in the uploaded Pitch Deck.
• The Startup Terrace Award is sponsored by the SMESA and will include up to USD 20,000 cash prize as well as residency at the co-working space at Startup eTerrace. The winner of this award must agree to reside in the Taiwan Startup Terrace Linkou or Startup Terrace Kaohsiung for at least 1 year. Please note that the award is limited only to international startups.
• The BSSC Award is sponsored by the Business Startup Support Centre (BSSC) and the winner will receive rewards valued at USD 10,000 which includes exhibition subsidy and promotion resources for attending to InnoEx 2024 which will be held in Vietnam from August 24 – 25.
24 KPMG Energize Program for Entrepreneurs, 7 hours of KPMG consultation, and an option to participate in KPMG Meet & Match closed-door matchmaking events. Please note that the KPMG Award is limited only to Taiwanese startups.
• The NVIDIA Award will be awarded to up to 3 winners and will prioritize startups with products or solutions in AI. The winners will receive and can apply for the Inception Program getting startups acceleration resources provided by NVIDIA.
• The winner of the NXP Award will receive a USD 10,000 cash prize.
• The Okinawa Innovation Award is sponsored by the ResorTech EXPO in Okinawa Executive Committee and the winner will receive a total value of JPY 2,630,000 rewards including JPY 100,000 cash prize; subsidy and promotion resources for attending the ResorTech EXPO 2024 which will take place in Okinawa on November 14-15, 2024; as well as 1 free exhibition booth in CEATEC 2024 which will be held in Tokyo on October 15-18, 2024.
• The PwC Award will provide the winner with startup consultation resources from PricewaterhouseCoopers (PwC) valued at USD 10,000. PwC will invite the winner to join the “PwC Startup Accelerator Scale Programme” which includes over 3 months customized counseling plan, at least 10 counseling hours, and the co-marketing and media promotion from PwC Startup Accelerator. Please note that this award is limited only to Taiwanese teams or international teams that have established a company in Taiwan.
• Taiwania Capital Innovation Award will provide NTD 300,000 cash prize to the winner. The selection focuses on innovative technologies with international competitiveness. This award also aims to support startups in Southeast Asia, USA, Japan, and Central & Eastern Europe or startups that intend to expand to the Central and Eastern European markets.

This year is the debut of the InnoVEX 2024 Top 15 Meet Up on June 7 that only the finalists are eligible to join. The InnoVEX 2024 Top 15 Meet Up is an exclusive matchmaking event for the Pitch Contest finalists to connect directly with VCs, CVCs, judges, as well as potential investors, buyers, users, and more. The event will be held at the Pi Stage and every matchmaking will be held for 15 minutes per session.

●InnoVEX 2024 Event Overview●

As the special startup focused event of COMPUTEX, InnoVEX 2024 will be held concurrently with COMPUTEX 2024. The event will focus on 4 major topics: Semiconductor Applications, AI, Smart Mobility, and Green Tech. In total, over 400 startups from more than 30 countries and regions will join InnoVEX 2024. This year, InnoVEX will feature speakers from major global tech companies including Renesas, PSMC, and more. The winners of the InnoVEX Pitch Contest 2024 will be able to win prizes including cash or professional resource and services sponsored by Ministry of Transportation and Communications (MOTC), the Small and Medium Enterprise and Startup Administration (SMESA) of the Ministry of Economic Affairs (MOEA), Business Startup Support Centre (BSSC), KPMG, NVIDIA, NXP, the ResorTech EXPO in Okinawa Executive Committee, PwC, and Taiwania Capital.
Event Date: June 4 to 7, 2024
Event Location: Taipei Nangang Exhibition Center (TaiNEX) Hall 2, 4F
Main Theme: Innovation Hub of Asia
Main Topic: semiconductor applications, AI, smart mobility, and green tech
[Special Events]
InnoVEX Pitch Contest 2024: Finalists will be announced May 28, final round and award ceremony will be held on June 6.

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