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Startup World Cup and the chance to compete for $1,000,000

Last week, we attended one of the most important events in the blockchain community — The World Blockchain Summit arranged by Trescon in Singapore. The conference represents a series of elite events that take place around the globe including UAE, Kenya, Germany, Singapore, Slovenia, Malaysia, Saudi Arabia, Taiwan, Indonesia, Japan, China, and more.

This time, the event brought together over 1000 participants among blockchain enthusiasts, technology experts, investors, and startups from about 20 countries.

Along with the insights from gaming, finance and technology industry, the summit also included a unique platform for blockchain-powered projects — a regional event of the ​Startup World Cup. It is a global startup competition powered by Fenox Venture Capital that is organized in different regions to supporting and encouraging the world’s most prominent entrepreneurs. Fenox Venture Capital is a Silicon Valley-based global VC firm and has already invested in over 120 companies.

The Fenox Venture Capital gives startups the opportunity to grow the business, find new partnerships and assists in developing the global strategy. Last time, the main prize went to Leuko Labs — the finger-based test that takes a minute to evaluate white cell levels.

Startup World Cup is contributed by the key players of the high tech community, including John Chambers (Former CEO of Cisco), Steve Wozniak (Co-Founder of Apple), Reid Hoffman (Founding CEO of LinkedIn), Adam Cheyer (Co-Founder of Siri), Marc Randolph (Co-Founder of Netflix), and more.

At the World Blockchain Summit, startups had a chance to share their vision and products with investors in a short pitch and win a chance to participate in the grand finale for a US $1,000,000 prize.

Projects shortlisted by the organizers of the Startup World Cup delivered their pitches to the panel of judges but only one could gain the cup. Discoperi CEO Alex Bond showcased System ‘Eye’ presenting how a tiny IoT device can predict and prevent car accidents using evolving AI algorithms, big data, a blockchain-based network protocol and the decentralized network of connected vehicles (DNCV).

Along with founders of other innovative startups (Bluenote, Clarity, Fuergy — to name a few), Alex Bondarenko was waiting for judges to reveal its final decision. Our competitors were all worth winning as well but this time we got the cup, the claps and victorious confetti on the stage.

Alex became the regional qualifier for the Startup World Cup and is going to attend the Grand Final in San Francisco next year.

“I shared my vision of the current situation in the automotive industry presenting publicly available statistics on the car accidents worldwide, GDP changes, and the value of vehicle data that is used only by OEMs. I truly believe that we should set the focus solely on the drivers’ safety. With System ‘Eye’, we can avoid numerous car accidents that happen every day — anything from a scratch to a fatal scenario. I’m happy that the judges fall in with our views and desire to make a real impact.”

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