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At Ideas Inc. Business Challenge, 7 startups get over USD 470k worth of funding and awards

September 24, 2012 by  

ideas inc Schmeiden

Schmeiden shows off Spyk at Ideas Inc. Plug a smartphone into Spyk, and it instantly becomes a tablet.

Schmeiden emerged as the top startup at Ideas Inc. Business Challenge, winning SGD 200k (USD 163k) in equity funding and a SGD 10k (USD 8.15k) cash prize. The awards were given out at a ceremony on 22 September at Resorts World Sentosa, Singapore.

Ideas Inc. is an annual elimination-style startup competition in Singapore that guides entrepreneurs under 35 from idea to execution. The top 15 startups would get SGD 15k to develop their prototypes while the top 6 would potentially get another SGD 50k. The event, started in 2010, is organized by the Nanyang Technopreneurship Center.

Schmeiden, which has developed a prototype device that converts a smartphone into a tablet, will enter into negotiations on the terms of the funding with Invention Capital and Jungle Ventures, each supplying SGD 100k. Read more

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Live blog: DEMO Asia pitches by web technology startups

March 1, 2012 by  

Meritxell Rosich from Splaype at rehearsals.

See new web technologies that aim to make it big. In this round we have Splaype, Hanasake Pictures, Studio Ousia, Heyawanna Labs, BCZ.com, Nundino, Reventive, and Fitness Buffet launching their products. Epsilon Mobile, Playmoolah, and Ubersnap will be doing Alpha Pitches. Read more

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