Kyyba Innovations, an innovation and collaboration eco-system, announced on Tuesday it has teamed up with Fintech Valley Vizag, a sustainable global Fintech ecosystem, to organize a $1 million Startup Challenge as part of the Vizag Fintech Festival. The Challenge, which started last month, will conclude with presentations by the finalists on October 25th.
According to Kyyba Innovation, the duo will be hosting the North America Roadshow that features startup pitch competitions from a total of 90 U.S.-based startups and will include corporate partners, VCs, and investors as judges and speakers. Roadshows, which will be conducted in 3 locations, San Jose, Chicago and New York. Startups are able to pitch and showcase their products in front of a panel of corporate partners and investors. Selected startups will be invited to present at the Roadshows and the Challenge winners will be announced at the Awards ceremony.
Speaking about the Challenge, Tel K. Ganesan, Managing Director of Kyyba Innovations, stated that the Challenge underscores Kyyba Innovations commitment to advance innovation in the Fintech, EmergeTech and AgriTech sectors to various U.S. cities.
“With the successful launch of Detroit Fintech Challenge and with footprint already set in the motor city, now we are very excited to take part in the next logical step of creating a global impact through this challenge.”
The companies went on to add that the Vizag Fintech Festival is a competition that offers a unique opportunity for startups to showcase their innovative solutions and win $1 million as prize money.