TAIPEI--(BUSINESS WIRE)--COMPUTEX TAIPEI 2016’s debut exhibit, InnoVEX, attracted 217 exhibiting startups from 22 countries. The culminating event of InnoVEX—the “Startup Pitch Competition,” at Center Stage on June 2 was a highlight. Twenty-six startup teams from 102 participants around the world competed in four categories for award prizes plus the InnoVEX Grand Prize of 30K USD.
Taiwan-Silicon Valley startup MoBagel walked away with three awards including the InnoVEX Grand Prize for 30K USD, the Acer Special Award and the IDEAS Shows Special Award. MoBagel is a real-time cloud analytics platform that helps IoT companies monitor and analyze hardware usage, speed up research and development, forecast sales and marketing strategies, and proactively engage with customers to prevent product returns. As a result, companies can also save up to millions in cost reductions.
Adms Chung, CEO and Co-founder of Taiwan and Silicon Valley-based MoBagel when asked about winning the InnoVEX Grand Prize and attending InnoVEX commented, “It’s very exciting and we’re surprised to win. There were many outstanding teams that came together here. This is our first InnoVEX and it’s pretty awesome. Since we did the pitch, many ambassadors and customers came to our booth regarding investment and partnership opportunities—that is the exciting part. We are optimistic these meetings will come to fruition.” When asked what he will do with the 30K USD, he replied in true startup fashion, “We will put the money into sustaining and growing our business faster.”
During the pitch contest, startups elaborated on their innovative solutions in smart healthcare, mobile payment, financial innovation, and energy technology, etc. demonstrating their ability to meet social demands with technology and creativity.
International juries from Japan and France provided insightful questions and practical comments before an enthusiastic and engaged audience. Thirteen startups received awards provided by companies and organizers Acer, LINE, Taiwan’s Ministry of Science and Technology, IDEAS Shows and InnoVEX.
Thirty-five percent of the startups attending InnoVEX were global companies and 25 were award-winning teams recognized by international startup competitions so competition for these prizes was fierce. A packed schedule of keynotes, panels, forums, and demos provided a rare opportunity for startups to connect with international VCs, angel investors, potential partners, and future customers in a single venue.
InnoVEX, the global tech-startup ecosystem, created by COMPUTEX this year, reflected a hub of innovation and provided a vital international platform matching buyers and resources with global startups to achieve endless opportunities and cross-border cooperation.
COMPUTEX 2016 featured four main pillars: IoT applications, innovation & startups, business solutions, and gaming. For more details, please visit: https://www.COMPUTEXtaipei.com.tw/
Note to Editors: The official name of our event is “COMPUTEX TAIPEI.” We also accept “COMPUTEX.”
About COMPUTEX TAIPEI (known as COMPUTEX):
Established in 1981, COMPUTEX TAIPEI is the leading global ICT show with a complete supply chain. Co-organized by the Taiwan External Trade Development Council (TAITRA) and the Taipei Computer Association (TCA), COMPUTEX, in the heart of Taiwan’s ICT cluster, covers the whole spectrum of ICT from upstream components-manufacturing all the way to system assembly and IoT applications. With over a third of the world’s computing devices made by Taiwanese companies, Taiwan is a strategic destination for buyers looking for partners in Internet computing ecosystems. Follow COMPUTEX TAIPEI on its website at www.computextaipei.com.tw and on Twitter @computex_taipei using the hashtag #COMPUTEX.
About TAITRA:
TAITRA, the Taiwan External Trade and Development Council, organized 36 exhibitions in 2015. A total of 11,475 international and local exhibitors participated, occupying 32,982 booth spaces and visited by 82,939 international visitors.
About MoBagel:
Founded in 2010, MoBagel built the first successful platform in Taiwan to help individual developers develop, market, and launch mobile apps. MoBagel also co-developed several popular mobile apps that attracted more than 300,000 users, garnered media attention, and international design awards such as the iF Design Award, the Red Dot Award, and Alibaba Startups 2nd Prize.
Fast forward to 2013 and the rise of the Internet of Things (IoT), MoBagel changed its company direction to enable analytics in IoT devices and revolutionize hardware CRM. MoBagel attended Dreamforce 2014 (Salesforce $1 Million Hackathon), also known as the largest hackathon in the world, and received the 6th place in the Heroku category using an innovative app and cloud design that helps hardware manufacturers proactively engage with customers.
In 2015, MoBagel officially established its new headquarters in the Silicon Valley, and was accepted into the renowned startup accelerator 500 Startups’ Batch 13 to further improve product market fit and go-to business strategies.
On 500 Startups’ Demo Day in August 2015, MoBagel showcased the newly revised IoT analytics solution that uses real-time reporting and predictive analytics to help hardware manufacturers save millions in R&D and operational costs per year. The demo was so successful that MoBagel reached its seed round investment limit on the same day.
