ShipFinex Wins The Regional Startup World Cup Pitch Competition
With the return of one of the oldest occurring Blockchain events in Dubai, it was time to kick start the search for a new season of the Startup World Cup in association with Pegasus Tech Ventures as well. Hosted at this year’s World Blockchain Summit carrying forward the legacy of 5 years, the competition attracted participants from over the globe showcasing the best of Web3 and Blockchain-based solutions.
The Startup World Cup led by Pegasus Tech Ventures is a world-renowned competition inviting regional winners from over 70+ countries to compete for the prestigious title of “Best Startup”. The regional chapter for the year 2023 finale started with a bang, showcasing 16 enterprising Startups from the field of Artificial Intelligence, IoT, Food Tech, Development Infrastructure Metaverse and Real-World Asset Tokenisation.
The jury for the Startup World Cup Pitch competition featured an esteemed panel with the likes of Vinnet Budki (Managing Partner & CEO, Cypher Capital), Alexander Fazel (Chief Partnership Officer at SwissBorg), Ajeet Khurana (Founder Reflexical, Ex CEO-Zebpay), Mru Patel (Chairman and Co-Founder MyTokenized Capital), and bringing together over 100+ experience of running successful tech enterprises and venture capital firms. The format was plain and simple. Every Startup got 5 minutes to complete their pitch followed by 2 minutes of Q&A round by the Jury to understand the specifics of the project.
Participants were evaluated based on several criteria including the scalability of the enterprise and future growth prospects. Over 16 projects shared the stage with ShipFinex and while all of them had an amazing concept, ShipFinex stood out with its vision of decentralising the Maritime economy and alternative asset investment space and introducing Maritime Assets on-chain. Key components of this positioning were the vision to enable decentralisation in the Maritime sector and the infrastructure layer of real-world asset tokenisation ShipFinex is creating.
ShipFinex is creating a convergence between 2 trillion-dollar markets, converging the two industries into a single solution through a multi-layer infrastructure setup, bringing tokenisation of assets in the maritime industry to address the liquidity flow in the maritime economy, making shipping assets accessible for everyone through Web3-based tools.
According to Vikas Pandey, COO & C0-Founder of ShipFinex “The overwhelming response received from over 500 attendees as well as the organisers of the event motivated us even further in our mission. We are thrilled to have won the Regional Startup World Cup Pitch Competition and could not be more thankful for the support of the whole Trescon and World Blockchain Summit to conduct this eventful night, bringing together the most sought-after Web3 and Tech community.”
A key spokesperson at the event further added “ShipFinex is the kind of project that uncovers the true potential and purpose of Blockchain technology. In the midst of all the hype and assumptions, we need solutions like ShipFinex to create global impact through real-life use cases. I am excited to see how they progress further in this journey.”
After winning the Regional Chapter in Dubai, ShipFinex Team will fly to San Francisco to participate in the Final Chapter of the Startup World Cup Pitch Competition for the mega prize of $1M and showcase how far along they can take the concept of real-world asset tokenisation and bridge the gap in Shipping Finance through their groundbreaking Web3 solution.
Shipfinex is a digital exchange revolutionising the Trillion Dollar Maritime economy. Shipfinex is tokenising maritime assets & simplifying investments, enabling Instant Payments & a Decentralised marketplace by using defi & web3 technologies.
Based in Singapore and Vietnam, Suraz Troy Kottakki is a serial entrepreneur in Financial technology, Digital identity and Health Tech. He is passionate about the Digital transformation of traditional industries such as Maritime, Capital Financing and Public Healthcare by deploying Web3 technologies. Suraz is currently working on creating a web3 infrastructure layer for the Maritime industry at Shipfinex, leveraging his deep global experience spanning nearly two decades in Shipping and Oil Trading at British Petroleum. Suraz is also dedicated to the long-term vision to bring digital health identity to all by 2030.