T&T innovators Ade Inniss-King and Madonna Corrian were among three teams from around the world who won US$10,000 in seed funding and mentorship to launch their companies after their apps got the approval of a judging panel at the World Bank's VentureOut Challenge yesterday in Chisinau, Moldova.Their winning submission was Made–My App for Disasters and Emergencies.
The duo got the idea for the app last year when T&T experienced flash flooding that caused more than US$15 million in damages in Diego Martin.
Made creates value for its users by effectively delivering actionable, location-specific information about natural disasters and emergencies, and connects those in need directly with first responders and disaster response co-ordinators, enabling them to optimally allocate resources, something greatly lacking in the Caribbean.
The winners were selected out of more than 100 promising applicants after pitching their innovative mobile app technologies to a panel of venture capitalists in a "Dragons' Den" style competition.Top mobile app entrepreneurs from 33 countries competed during the international mobile meeting organised by infoDev of the World Bank. The goal was internationalisation of their mobile applications, entering new countries, continents or going global with their innovations,
The initiative was launched to aid mobile app entrepreneurs in expanding internationally. The global group of panelist-judges included experts in mobile app technology and bringing ventures into the global marketplace.
Besides the competition, The Supporting Access to International Markets for Startups and SMEs conference included teaching and training on the latest market strategies in internationalisation from the panel of experts. Strategies in networking, mentorship and partnerships with incubators as a means of internationalisation were discussed specifically.
The panel also facilitated dialogue on the topic of entrepreneurial community building in Moldova, where participants brainstormed strategies to support the development of mobile application technology in the region.Although three winners were selected, all participants will receive ongoing training and mentorship for the internationalisation of their ventures and the development of their customer base in the coming months.
Finalists presented mobile applications ranging from mobile health focusing on patient-centric health applications to location-based services and different sorts of entertainment including music, gaming and television.Competing in the final round of the competition were entrepreneurs from technology community partners located in eight countries–Armenia, Jamaica, Kenya, Macedonia, Nigeria, Senegal, South Africa and T&T.