VentureOut Challen...

VentureOut Challenge champions announced

A disaster response app, an online TV portal, and a children’s health monitoring tool are the three international mobile companies selected by the VentureOut Internationalization Challenge judges in Moldova to receive $10,000 in seed funding and mentorship to launch their companies internationally.

The three winners rose from over 100 promising applicants after pitching their mobile app technologies to a panel of venture capitalists and mobile experts in a “Dragons’ Den” style pitching competition on Friday, November 1st in Chisinau, Moldova. The competition and the participation of entrepreneurs were made possible by support from the governments of Finland and Canada.

Finalists included ventures from Africa, the Caribbean, and Europe and Central Asia and represent 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.

Although three winners were selected, all participants will receive ongoing training and mentorship for the internationalization of their ventures and the development of their customer base in the coming months.

The winners are:

Caribbean: M.A.D.E. – My App for Disasters and Emergencies

Ade Inniss-King and Madonna Corrian, Trinidad & Tobago

In 2012 Trinidad & Tobago experienced flash flooding that caused over US $15 million in damages in Diego Martin. In Haiti, a 7.0 magnitude earthquake struck in 2010, resulting in at least US $8 billion in damages and left hundreds of thousands dead. M.A.D.E. 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 coordinators, enabling them to optimally allocate resources, something greatly lacking in the Caribbean.

Africa: Marodi TV

Jimmy Kumako, Senegal lets users in Senegal and Cameroon catch their favorite TV shows anytime online or through their mobile app. It is the first app dedicated to replay TV in Africa and is free and scalable to more than 1 million unique users. The app already has a web platform with 70,000 unique visitors, and predict a target of 1 million visitors by the end of 2014. will soon provide video from other Sub-Saharan countries (Ivory Coast, Benin) by the end of 2013.

Eastern Europe and Central Asia: Teddy the Guardian

Ana Burica and Josipa Majic, Croatia

Teddy the Guardian is an individually designed plush teddy bear with built-in medical sensors that track a child’s vital signs and send recorded values wirelessly to a physician’s tablet or web application. The product provides parents with a mobile app to visualize and measure their children’s vital signs in an intuitive, stress-free way.

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