At Entrepreneur Firsts inaugural India Investor Day
Posted on: 21/Aug/2019 5:34:58 PM
Entrepreneur First (EF), a pioneering UK-based global talent investor celebrated the inaugural India Investor Day. EF�s first-ever Indian cohort had 47 talented individuals who founded 8 companies. Recently, at the India Investor Day, 13 startups from India, Singapore and Hongkong showcased their ideas and companies to 150 investors. India�s first cohort under its $30 million India specific entrepreneur nurturing program had 6 startups presenting.
Six Indian startups presented ideas that ranged from AI-enabled SaaS for rapid diagnosis of drug-resistant tuberculosis to a next generation of AI hardware based on using light. Following are the business ideas that were showcased:
- LightSpeedAI LABS - Two Engineers, Rohin Yeluripati and Dinesh Natesan are set to provide increased performance for AI computations by building revolutionary opto-electronic processors.
- Opmagic.AI - Anuj Mittal, ex-cofounder of a health-tech company developed an AI-powered SaaS tool to help small manufacturing businesses to manage resources and double their speed and capacity.
- BrainSight.AI - Rimjhim Agarwal, pursuing PhD in AI in Psychiatry and Laina Emmanuel came up with an AI-powered SaaS tool that helps psychiatrists to diagnose mental disorders using just MRI scans.
- KOUNT- Bhargavi Vijayakumar from finance background & Ankit Parashar an Engineer, built a digital finance platform for Small, Medium Business owners to make data-driven business decisions.
- AarogyaAI - Praapti Jayaswal, a health-tech researcher and Avlokita Tiwari, computational biologist developed an AI-enabled SaaS that diagnoses drug-resistant tuberculosis (DR-TB) in hours instead of weeks.
- PakkaProfile - Danish Sinha, gaming expert and Nagmanjunath Shivakumar a business expert, are using games to transform aptitude and personality of blue-collared workforce.
These were joined by other startups created by Entrepreneur First in Singapore:
- Connectify.AI: This start up will improve customer service compliance for healthcare providers by analysing and responding to voice conversations.
- Outside Voice: Conducts qualitative market research at scale using intelligent bots.
- LEORIX: Manages infrastructure for high-frequency data pipelines. Instead of paying for hundreds of developer hours to build complex custom solutions, companies can be up and running in days.
- AURORA: AI-Assisted Assessments: Generates quality k-12 (ages 5 to 18) assessments 100x faster, powered by AI.
- AtomBrush: Building robots to automate building painting.
- KrossLinker: Develops the world�s best insulation material for bio-pharma packaging.
Startup from Hong Kong that presented:
- Intensel: The intelligence behind climate risk and its dollar value.
�Showcasing these high potential startups from our first India cohort is a privilege and a demonstration of the scalability and global impact of the EF programme,� said Matt Clifford, Co-founder and CEO, Entrepreneur First. �We�re also extremely proud of our first group of co-founders from EF here in India. We look forward to working with every company showcased, and more, to create a new generation of deep tech giants.�
Esha Tiwary, General Manager, India, EF, said, �There are numerous talented and successful Indian entrepreneurs who serve as role models to the next generation. Their success has made the world sit up and take notice, resulting in a lot of money pouring into the country. Even with all this activity and a maturing startup ecosystem, deep tech entrepreneurship is nascent in India. There is still a huge gap in opportunities and resources for deep tech talent. And EF fills exactly that need � it provides a platform for ambitious, deeply technical individuals to connect with talented business minds and together they come up with path-breaking, commercially viable ideas that are a step change in technological innovation.�
To date, EF has helped over 600 co-founders build over 120 companies in Asia. In early 2019, EF also announced the US$115m first close of a new global fund, one of the largest pre-seed venture capital funds ever raised. This will allow EF to invest in more than 2,200 individuals across the globe over the next three years.
