The Asian startup ecosystem is in need of a revolution. EDGE196 will contribute to fund the revolution by investing in the innovative entrepreneurs in the Asian blockchain and fintech space.
Houston, USA — October 23, 2020 — 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 blockchain 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.
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 at http://fintechasia.edge196.com/
All funds awarded are equity investments subject to due diligence and the execution of appropriate investment documentation.
EDGE196 is an investment company with a global startup ecosystem designed to provide mentorship and business support to entrepreneurs in 196 countries. EDGE196 aims to fund thousands of vetted projects in the next few years using its “3M-Model” – Money, Mentorship, and Market access. EDGE196 primarily focuses on disruptive, high-growth startups in the fintech, real estate, health/biotech, blockchain, agri/food-tech, climate/energy, social impact and edu-tech sectors. The headquarters is in Sugar Land, Texas.
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