TAIPEI, 23 August 2022 /PRNewswire/ — With Cathay Financial Holdings as its corporate partner, Taipei Entrepreneurs Hub held its first pitch competition this year titled “Ready. Set. Pitch! Web3 Innovation Fintech Challenge”. Focusing on web3 fintech, the pitch competition is the first of a two-part business innovation pitch competition where 10 startups in total will be selected to fly over to Taiwan for a final demo day in November. The organizer has received applications from all over Asia region, Europe, the United Statesand more, and 16 teams entered the competition 19th of August to compete for five places to enter the final.
Taipei Entrepreneurs Hub and Cathay Financial Holdings held “Ready. Set. Pitch! Web3 Innovation Fintech Challenge”
As a corporate partner, Cathay Financial Holdings awarded research and development management levels for blockchain applications as part of the judging panel along with the other industry experts. The judging panel consists of Nicholas Yanghead of blockchain at Cathay Financial Holdings, Jessie Wangproduct manager of the Blockchain Team at Cathay Financial Holdings, Charlotte Jao, PR director of the Taiwan Association for Blockchain Ecosystem Innovation, and Leo WuCOO of Rainmaking Innovation Taiwan.
Cathay Financial Holdings has been researching the application of blockchain technology to financial scenarios since 2018. And since 2020, it has led the industry to introduce and use blockchain in the Internet of Vehicles, launching the “Internet of Electric Vehicles Consortium Blockchain”. It has also worked with seven domestic banks and two major shipping companies in the formation of the “Trade Insight Consortium Blockchain” to strengthen risk control and management capabilities. Furthermore, it is working with 14 property insurance companies this year on the establishment of the “Property Insurance Consortium Blockchain” which focuses on the application of compulsory and discretionary insurance for cars to reduce the time for claims settlement. Cathay Financial Holdings is also the first in its industry to interview Richard Widmannhead of Google Cloud Web3, on the introduction of the latest technologies and trends at the “2022 Cathay Pacific Financial Holdings Technology Annual Conference”.
The five finalists are:
- Insurance – Ensuro is the first decentralized, licensed (re)insurer on a public blockchain. It uses smart contracts to curate competitive insurance portfolios.
- HedgeSPA – HedgeSPA helps users to “manufacture” or directly outsource investment products that deliver better results based on selection of market/economic data, fundamentals, user data and sentiment results from news/social media.
- MotionsCloud – MotionsCloud helps property and vehicle inspection teams streamline and automate inspection processes, allowing inspection teams to be efficient and effective.
- Stratiphy – Stratiphy allows users to build their own trading strategy and discover great investments without coding.
- Soft Solvers Solutions – Soft Solvers Solutions flagship service Agiliux develops software for independent insurance brokers and agencies to improve distribution efficiency and improve customer experience.
Taipei Entrepreneurs Hub will provide the finalists with round-trip tickets to Taipeiaccommodation during the stay in Taiwan, various networking opportunities and customized company and mentor matchmaking. Taipei Entrepreneurs Hub will also help startups apply for coworking spaces in Taipei and recommend them to participate in innovation and entrepreneurship related activities to better help them soft countries in Taipei. For the other teams that were not selected this time, Taipei Entrepreneurs Hub will also provide online matching opportunities to expand the scope of Taipei The city’s impact.
The Taipei Entrepreneurs Hub expects to launch the second business innovation pitch competition in October, selecting five more startups. follow Taipei Entrepreneurs Hub’s Facebook fan page to learn more about Taipei Entrepreneurs Hub’s latest news and information on Taipei The city’s startup ecosystem and industry dynamics.
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