- Latvian Health Tech startup Longenesis wins top prize of
$100,000 at the Supernova Challenge
2.0 for its innovative platform which facilitates secure data
exchange between life-science companies, healthcare providers and
patients
- AI, fintech, and health tech among top sectors in the
Supernova Challenge 2.0
DUBAI, UAE, Oct. 17,
2024 /PRNewswire/ -- The Supernova Challenge 2.0, the
world's largest early-stage startup pitch competition, concluded
today at Expand North Star, showcasing groundbreaking innovations
from across the globe. With a total prize pool of $200,000, the challenge saw a record-breaking
participation, highlighting the UAE's position as a global hub for
tech entrepreneurship. Organised by Dubai World Trade Centre and hosted by
the Dubai Chamber of
Digital Economy, Expand North Star, the world largest startup and
investment event, marked its biggest and busiest edition this year.
With a 40 percent increase in global participation for 2024, GITEX
Global and Expand North Star welcomed over 1,800 startups and more
than 1,200 investors.
Record-breaking Participation from Leading Global
Startups
The Supernova Challenge 2.0 witnessed an unprecedented surge in
applications, with over 650 startups vying for the coveted
Overall Supernova Champion title, after six months of semifinals
from Europe, Asia, Africa,
Middle East, and the Americas.
Underscoring its global appeal, the competition drew
participants from an impressive 69 countries across the world, with
UAE, India, and South Korea among the top nations.
The participating startups showcased a diverse range of
development stages, with 39% in the Seed/Early stage, 24% at Series
A, 18% in Pre-Seed, and 11% as bootstrapped ventures. Reflecting
current industry trends, AI, SaaS, and Healthcare emerged as
the three most represented sectors, highlighting the cutting-edge
innovations that are propelling the global startup ecosystem and
advancing the shift towards an AI-driven economy.
Intense Competition Culminates in Grand Finale
After live qualifying rounds in 16 countries, the competition
intensified as 155 semi-finalists from 50 countries, predominantly
representing AI, fintech, and health tech sectors battled through
the final rounds.
On the final day of Expand North Star 2024, 20 finalists from
diverse countries, including France, China, Bangladesh, Germany, Brazil, Latvia, Japan, Taiwan, Korea, Ireland, the UK, and India, presented their innovations to a
distinguished jury of global investors and influential tech
personalities.
The panel included Cristobal
Alonso, Global CEO of Startup Wise Guys; Ibrahim Faruqi, Investor at Bessemer Venture
Partners; Stephanie Nour, Partner at
Nuwa Capital; Mattia Lecchi, Head of
Immediate Accelerator at RS Productions; Mike Butcher, Editor at Large of TechCrunch; and
Karim Konsowa, Portfolio Manager at
Hub71.
Supernova Challenge 2.0 Winners: Health Tech Takes Centre
Stage
In a thrilling display of innovation, Latvian Health Tech
startup Longenesis wowed the judges at the recent competition,
clinching the top prize of $100,000.
This groundbreaking digital health company is revolutionizing
21st-century healthcare by accelerating the development of
innovative treatments and enhancing patient engagement.
With partnerships spanning leading healthcare institutions,
global life sciences companies, and national governments,
Longenesis has positively impacted over 850,000 patients across the
EU and MENA regions.
Filled with excitement from his win, Emil Syundyukov,
Co-Founder and CEO of Longenesis, shared his vision for how
this significant achievement will accelerate the company's growth,
saying: "It is all about unlocking the hidden value of data. By
engaging broader populations and bringing them into the data
conversation, we can help therapies reach those in need faster.
This win is just the start for us. We're here to raise geographical
borders for healthcare research and scale up, especially in the
Gulf region, which we see as a focal point for healthcare
innovations."
ProfilePrint from Singapore
secured 2nd place, winning $60,000
for its groundbreaking AI-driven ingredient quality platform.
Utilizing patented digital food identity-as-a-service (IDaaS)
technology, ProfilePrint synthesizes complex molecular data into
digital fingerprints, empowering agribusinesses to make data-driven
decisions that enhance product quality and efficiency.
Meanwhile, NEXTPAYMENTS INC. from South Korea claimed the 3rd place prize of
$35,000, led by CEO Jee Kwangchol,
whose cutting-edge solutions offer personalized retail experiences
through advanced AI kiosks and smart store technology.
More information is available at: www.gitex.com
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About Dubai
World Trade Centre (DWTC):
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home
to the region's leading purpose-built convention and exhibition
centre. DWTC provides a platform for connecting people, products,
innovation and ideas from around the world through a dynamic
calendar of international trade exhibitions and its own roster of
sector leading mega events. As a designated free zone, complemented
by award-winning commercial real estate, DWTC plays an integral
role in Dubai and the
region's growth story. Since its inauguration, DWTC has hosted over
6,000 events, with an estimated economic output of AED 248 billion,
attracting over 38 million business visitors to Dubai.
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SOURCE Dubai World Trade Centre