Mobile Technology Leads Global Competition to Win £1 Million Investment and Business Support Package

Million Pound Start-Up
Thursday, August 22, 2013 11:56 AM IST (06:26 AM GMT)
Editors: General: Entertainment, People; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Media & entertainment; Technology
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Mobile Technology Leads Global Competition to Win £1 Million Investment and Business Support Package

Mumbai, Maharashtra, India, Thursday, August 22, 2013 — (Business Wire India) — — Including Indian company Clarencetech, specialising in mobile payments solution providing mobile payments over IVR

— Disruptive technology companies from 169 cities and 51 countries fighting for £1 million investment and a unique business support package

— 18 Indian companies across sectors have entered the competition

— Most number of entries come from companies specialising in hi tech mobile applications, computer networking and Internet software

— Competition brings unique business support package to help the winner with “growth accelerating” business support encompassing tax and legal advice, office and marketing support

The £1 million pound competition for any start-up from around the world to come to London and set up its headquarters has attracted hundreds of companies. With just two weeks left for the entry deadline, applications have been received from over 51 countries and 169 cities. 18 Indian companies across sectors have also entered the competition.

The most popular innovations and disruptive technologies come from the field of mobile applications, computer networking and Internet software. From India, Clarencetech specialising in mobile payments solution providing mobile payments over IVR has entered the competition.

Unsurprisingly the high-technology sector is the most widely represented but applications are exceptionally wide ranging covering everything from geomapping and streaming, to enterprise software and telecommunications. The closing deadline for Million Pound Start-up entries is August 31, 2013.

Kam Star, Founder of Digital Shoreditch and leading the Million Pound Start-up competition commented, “The Million Pound Startup competition has brought in a wave of innovative technology companies not just because of the financial investment, but because of the support package from London’s greatest organisations. Start-ups need more than capital, they need serious connections to help them succeed, and that is what the contest offers.”

Million Pound Start-up is the first global contest offering £1 million equity investment and the support from Seedrs, KPMG, City of London, London & Partners, City University London, Taylor Wessing, Digital Shoreditch, Ketchum, Playgen, School for Startups, and London First. Headquartered in London the goal is to propel the winner into a £100 million company within five years.

The partners and investors, whom represent years’ worth of expertise, experience and industry know-how, are pooling resources of creativity and innovation, industry expertise and contacts to accelerate the success of the winning business. The winner will receive business support encompassing finance, tax, legal, office and marketing support. The closing deadline for Million Pound Start-up entries is August 31, 2013.

Million Pound Start-Up contest includes entries from innovative hi tech firms such as:

Australia – Facebuy: A mobile platform that enables users to socially buy, sell and explore items for sale

UK – Taskhub: Crowd driven productivity platform

India – Clarencetech: mobile payments solution providing mobile payments over IVR

USA – Touch Surgery: A mobile surgical training system to improve surgical quality and patient safety worldwide

Spain – Toolea: Platform to manage all aspects of your business

Malaysia – Nanotag Technology: Brand protection and asset loss prevention solutions

Ireland – Allogen Biotech: Portable rapid detection of food contaminants using next-gen sensors

Italy – KickBeta: Allows mobile developers to find the perfect sample for testing their applications

Israel – 24me: Next generation automated mobile app to manage many aspects of users lives

China – H&E Media: Platform to provide western expertise to Chinese investors

Managed by FSA regulated Seedrs, the final 20 companies will only be revealed after investment decision has been made to choose the winner.

The competition closes August 31, 2013, so only 10 days remain to submit entries and for companies to tell the world why their company should win the £1 million investment. Entering the competition takes just a few seconds, a few seconds that could transform your future. Read more about the entries and competition here: http://millionpoundstartup.com/

Note to editors:

DIGITAL SHOREDITCH

Digital Shoreditch celebrates the outstanding creative, technical and entrepreneurial talent of East London and Tech City. It runs monthly meet-ups, a huge festival of the most talented digital and technical creatives, connects brands and buyers to its members, and runs a comprehensive directory, hackathons and other competitions. Digital Shoreditch 2013 festival turned Shoreditch Town Hall into an extraordinary digital playground from 20th-24th May, and ran community events in the week until Friday 31st May attracting over 15,000 visitors and making it one of the world’s largest digital community event.

http://digitalshoreditch.com

CONTACT DETAILS
Vikas Sahni, Ketchum Sampark, +91 9892629404, Vikas.Sahni@ketchumsampark.com