Vizag Fintech Festival to conduct the finale of the million dollar challenge

The Vizag Fintech Festival is all set to be conducted in the city from 22-26 October. The five-day festival will be witnessing many exciting events, including the Chief Minister’s interaction with the world’s first social humanoid robot Sophia. Among others, another event that has grabbed everyone’s attention is the million dollar challenge.

Fintech Valley Vizag conducted million dollar challenge as part of Vizag Fintech Festival to enable startups to showcase their solutions and get a chance to win up to million dollars in funding and set up their office in Vizag. Applications were invited from start-ups in three tracks – AgriTech, EmergeTech and FinTech. Roadshows were conducted in 8 locations – Chicago, New York, San Francisco, Tel Aviv, Hong Kong, Paris, London and Bangalore.

A total of 1000+ applications were received from across the globe. A carefully chosen panel of experts and jury from the startup ecosystem of every location scored the startups based on their Business Model, IP, team and willingness to set up their office in Vizag post the event.

Over 180 start-ups pitched across locations and 40 finalists were selected to pitch their startup at the Vizag Fintech Festival Finals. The million dollar challenge winners will be announced at the Demo Day & Awards ceremony that is to be held on Oct 25th, 2018 at Hotel Novotel, Visakhapatnam.