First place winner Growpal is awarded $150,000 investment at G-Startup Worldwide GMIC Indonesia 2017. $50,000 is from our GWC Innovator Fund, $50,000 is from our partners GDP Venture, and another $50,000 is from Kejora Ventures.
BSD city, Indonesia – September 26, 2017 – G-Startup Worldwide, a global startup competition held at the Global Mobile Internet Conference (GMIC) events to find the high potential, early stage startups, is honored to announce the winners for its 2017 Indonesia competition. The G-Startup Worldwide competition at GMIC Indonesia is where entrepreneurs from around the globe gathered to pitch world leading VC judges for the first prize of a $150,000 investment and other coveted prizes. The winner Growpal also receives a complimentary trip to Silicon Valley for the global finals to compete against international winners from Seoul, Bangalore, Tel-Aviv, Beijing, Sao Paulo, and Silicon Valley to win an additional $250,000 investment.
About the G-Startup Worldwide at GMIC Indonesia Winners:
First Place: Growpal, a profitable aquaculture investment platform in Indonesia. www.growpal.co.id
Second Place: Squline, an online language platform connecting professional foreign teachers worldwide. www.squline.com
Third Place – Shipper, a logistic aggregator platform. www.shipper.id
360 startups applied from more than 36 countries! We’re happy to see 80% of our high potential startups are from Indonesia, the raising emerging startup nation. 13 finalists are selected to pitch leading VCs including GDP Venture, Kejora Ventures, Monk’s Hill Ventures, Golden Gate Ventures, GWC Innovator Fund, Convergence Ventures, 500 Startups, and Insignia Venture Partners.
“GDP Venture is proud to announce that we will be investing $50,000 USD in the first place winner of G-Startup Jakarta. We have enjoyed working with GWC since 2012 and have seen so many awesome startups from G-Startup. This year, we wanted to play an active part in the competition. As a venture builder, we want to help drive the success of the startup community in Indonesia so a partnership with G-Startup was very natural,” says Danny Oei Wirianto of GDP Venture.
“It has been a pleasure partnering with GMIC since it was first held in Indonesia in 2015, and last year we partnered with G-Startup to bring the competition to Jakarta. Having seen G-Startup’s ability to attract the best founders around the world and the top tier investors, we knew that we had to leverage this platform to enable rising startups in Indonesia and Southeast Asia. Kejora is excited to co-invest $50,000 in the first place winner.” Andy Zain, Kejora Partner.
G-Startup Worldwide awards, over $1,000,000 to winning startups and provides the global first place winner and finalists with an international network to enable them to change the world. Increasingly, VCs are looking to startup competitions for new investments, and startups are capitalizing on the opportunity to meet many potential investors in one place.
Together we succeeded to organize an event in which we offer the opportunities for startups around the world to receive global publicity and to pitch world renowned VCs for their next round of fundraising. Special thanks to our global partners, Sequoia Capital, FbStart from Facebok, and Indonesia partners, GDP Venture, Kejora Ventures, and BeKraf.
About G-Startup Worldwide
G-Startup Worldwide is a global startup competition held around the world to find high-potential, early stage startups, invest in them, support them with a global network and enable them to change the world. The G-Startup Worldwide program invests over $1,000,000 in startups annually. G-Startup alumni like Didi and App Annie have raised over $17.2 billion. Some have been acquired by companies like Amazon, Google, Apple and Alibaba. G-Startup Worldwide is hosted at each Global Mobile Internet Conference (GMIC) in 2017 including Beijing, Bangalore, Tel Aviv, Jakarta, Sao Paulo, Seoul, Hong Kong and Silicon Valley. The local winners of G-Startup Worldwide at selected competitions receive investment. The winner also receives a free trip to Silicon Valley to compete to become the G-Startup Worldwide Global Winner and receive an additional $250,000 investment! Any eligible startup raised (<$2M) from around the world can apply.
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