Pangolin takes the 1st place in Techstars Startup Weekend Toronto, powered by INFINITI.
This post originally appeared on blog.up.co
54 hours of action took place during the weekend of October 20-22, in Workhaus Commerce Court in downtown Toronto. Participants from all over the Greater Toronto Area got together to pitch their ideas, form teams and take the first steps to launch their startups. The event was possible thanks to the support of INFINITI Canada, a company that empowers entrepreneurs in different stages, previously with their INFINITI LAB for later stage companies and now through Techstars Startup Weekend, the event where entrepreneurs go to ‘get their start’.
On Friday night more than 24 ideas were shared in front of the audience, and out of those, 7 were chosen to be worked on by teams during the weekend. On Saturday, the teams were coached by mentors from all over Ontario, including mentors from the Toronto startup community like Oksana Salamaszek from The Working Group, Tariq Haddadin from Techstars Toronto, and Grant Brigden from the startup Rover, which won 1st place in the past edition of Toronto INFINITI LAB. The teams got advice from mentors from the INFINITI Canada team, including Julie Daigle Raphael Huegli and Chris Little. You can see the full list of mentors here.
[caption id="attachment_52448" align="alignnone" width="600"] Some of our Coaches and Jen Riedel, facilitator of the event.[/caption]
On Sunday the teams presented a 5-minute pitch in front of a panel of 3 judges: Theresa Humphrey, Brand Manager for INFINITI, Angelo Del Duca, Angel Investor, and Sunil Sharma, Managing Director of the Techstars Toronto Accelerator Program.
The top 3 places went to the following teams:
1st Place: Pangolin - Pangolin helps lower the premium for retailers by mitigating risks for insurance companies using smart IoT devices
2nd Place: Hybernate - Hybernate helps businesses decrease the expenses related to HVAC through IoT
3rd Place: GEM - GEM helps millenials be congruent with how they spend their money and what their values are, using a ‘GEM’ reward system.
Besides taking the top 3 places in the contest, one member of each of the winning teams got a full scholarship to join the January cohort of Founders Institute Toronto, so they can continue developing the skills needed to be great founders.
Techstars Startup Weekend was a great success. Thanks to our signature sponsor INFINITI, Workhaus for being great hosts, and to all the mentors, coaches and judges that helped empower this amazing group of entrepreneurs.
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