Showing posts with label Next Big Idea Contest. Show all posts
Showing posts with label Next Big Idea Contest. Show all posts

Zone Startups India announces 7th edition of Next Big Idea

Mumbai-based Zone Startups India, one of the largest tech accelerators in India has announced the 7th edition of its annual Next BIG Idea contest. NBI 2019 will invite applications from tech startups across the Country to be selected under the program. The Next BIG Idea is an annual feature of Zone Startups India that engages stakeholders including startups, incubators, co-working spaces, investors, industry & other enablers through roadshows in 20+ cities across India.

Zone Startups India team will be hosting roadshows across 21 cities to launch the contest pan-India throughout July 2019. These roadshows allow a number of promising companies to understand the North American market fit for their products, thereby giving them an opportunity to apply for the program and going through multiple rounds of selection process & speak to global jury members. The applications for the contest will be accepted online from 28th June 2019 till 30th August 2019.

NBI 2019 team will be visiting upcoming startup hubs like Hyderabad, Chennai to tier 2 and 3 cities like Vizag, Nagpur, Bhubaneswar and Jaipur in order to invite applications for the program. The idea is to find the most deserving growth stage startups who have global aspirations to expand their business.

Launched in 2013, Zone Startups India has successfully operated 6 editions of the program till date, that has benefited 39 Indian tech Startups, through a soft-landing program across major tech hubs in Canada and the US.

The objective of the Next BIG Idea contest, since inception, has been to identify and support hi-tech, hi-potential Indian startups that are seeking to expand internationally, and are actively looking at the North American market. The selected startups get access to a bespoke market access program which includes mentorship, industry connects, investor meetings and a great international exposure.

The alumni network of Next BIG Idea Contest comprises of startups that have successfully raised multiple rounds of funding, as well as, startups that have made exits through mergers and acquisitions -  some of the names being, CitrusPay, Sokrati (selected in 2013 but chose not to go in the midst of their funding round), Heckyl, Vidooly, ShieldSquare, Plackal, Flip Technologies, AdSparx, Konotor (acquired by FreshDesk), Data Resolve, Uncanny Vision, Gray Routes, Sequretek, Plackal (acquired by Sheroes) etc.

In 2018, the contest came to be a part of a larger Canada-India Bilateral Entrepreneurship Initiative supported by the Department of Science and Technology, Government of India - which allowed Zone Startups India to increase the number of benefactors to 13 entrepreneurs each year, for a period of 2 years 2018 and 2019. Dr. Anita Gupta, Director, DST India, says, "The Department of Science and Technology , Government of India supports bilateral entrepreneurial platforms which enables Indian Startups to go global . Next Big Idea scouts and connects best tech based startups with International markets like Canada. Exposure to Canadian Startup Ecosystem through a well structured program provides access to relevant stakeholders, market and networks are the key takeaways for Startups. I wish the 7th edition of NBI a great success."

“If we had not gone through the NBI program, we would never have given a serious thought to looking at Canada as a potential gateway to the North American Market. It was an eye-opener in a lot of ways.” says Pankit Desai, Co-founder & CEO, Sequretek, winner of Next BIG Idea 2017. Sequretek has since raised INR 27 crore led by Unicorn India Ventures in September 2018 and set up an office in the US in Dec 2018.

With the 5th edition, a new addition was made to the Next BIG Idea contest, in the form of the Aditya Jha Entrepreneur India Award - for recognising social entrepreneurs who have translated their innovative & impactful ideas into technology driven businesses. The winner receives a grant of INR 5 Lakhs during Next Big Idea winner announcement.

“We are delighted to be partnering with Zone Startups on the Next Big Idea Competition for the 7th edition this year. The Next Big Idea is a great example of how Indians and Canadians can collaborate to achieve revolutionary social and business success. Canada is the best start-up partner that any of you could have. That is because, in a world where many countries are closing doors and putting up walls, Canada remains open. We are a country built on diversity that welcomes entrepreneurs from all over the world, and Indian entrepreneurs have proven to be a very good fit. I am looking forward to the continued success of innovation, convergence of ideas and partnerships through Next Big Idea! Good luck to all the participating young entrepreneurs!”, says Annie Dubé, Consul General, Canada.

Last year, the Next BIG Idea contest roadshows were hosted in 20 startup hubs from across the country, and attracted over 1,100 applications, from which 13 startups got an opportunity to explore soft-landing in major Canadian cities.

Here're 13 Winning Indian Startups of Next Big Idea 2018 which will Travel to Canada

Zone Startups India, a leading startup accelerator in India, has been operating the annual Next BIG Idea (NBI) Contest for the past 5 years. The Next BIG Idea contest presents an opportunity to tech startups from India, to tap into the North American market through a soft landing in Canada. The contest identifies high growth potential Indian startups at an early stage through an application-based process, and acts as a gateway to North America. Through a structured program, the contest winners get to validate their business model, get access to local mentors, corporates, investors and Government Representatives in Canada.

This year, 13 technology startups, across sectors including Fintech, Retail Tech, Smart Home, from a pool of over 1100 applications have been chosen for the Indo-Canada Bilateral Entrepreneurship exchange program and the winners will travel to Canada in November for the 2-week market access program.

During the winner announcement, Dr. Naveen Vasishta, Scientist E, NEB Division, Department of Science and Technology said “The Department of Science and Technology, GOI is partnering with the Department of Innovation, Science and Economic Development, Canada to accelerate the growth of emerging hi-potential technology startups from India & Canada. Under the program, the selected companies will be visiting Canada for a market access program to collaborate and develop product/solutions for the benefit of both Indian & Canadian economy. It was a great experience to see the top 50 companies selected for the boot camp were ready for the global expansion, we are happy to see such companies are emerging and Identified by Zone Startups India for the bilateral programs.”

“I am pleased to welcome 13 Indian companies to Canada as part of the Next Big Idea contest. The companies will make connections that will help them build their businesses. At the same time, they will get to experience Canada’s outstanding entrepreneurial ecosystem and our openness to ideas and people,” Said Ms. Tara Scheurwater, Acting Consul General and Senior Trade Commissioner.

Established as a joint-initiative with the Government of Ontario, Canada, the contest has gone onto attract industry partners such as IBM, Amazon Web Services, HDFC Bank, Google and TCS. The Indo - Canada bilateral entrepreneurship exchange program was added as a new dimension in the 6th edition of Next BIG Idea contest 2018. The contest is sponsored by Department of Science & Technology, Government of India, and supported by Global Affairs Canada, Provincial Governments of Ontario, British Columbia, and Alberta. Royal Bank of Canada (RBC) is the Canadian industry sponsor of NBI 2018 and the bank will be hosting the tending companies at their Toronto Headquarters. Additionally, Kerala Startup Mission (KSUM) is also supporting 3 Kerala based startups to participate in NBI 2018.

Ajay Ramasubramaniam, Director, Zone Startups India said, “Over the years, the Next BIG Idea contest has become an ecosystem development initiative for us, and leveraging our presence in Canada and India, we are able to provide a great market entry for India startups aspiring to tap into the North American economy. Being able to get the Next BIG Idea Contest to become a part of a larger cross-border initiative, supported by 2 Governments, is a major validation for us, with respect to building an international startup bridge. 1,100 applications is a lot, and it came by virtue to extensive roadshows conducted across 20 Indian cities – many of them being tier-2 and tier-3 cities. The fact that each year we are able to attract more applications, only shows the burgeoning reputation of the contest, and the increasing interest of Indian startups in Canada."

Over the past five years, the contest has supported 27 companies to softland in Canada & winners have made significant progress, having and have raised over $300 mn cumulatively - some of the notable alumni are CitrusPay, Vidooly, Konotor, ShieldSquare, Flip Technologies, Sequretek, Plackal, Heckyl, AlgoEngines, and DataResolve. The contest thrives on its ability to identify winners at an early stage, and backing them all the way.

While sharing the journey of Next BIG Idea Contest, Ajay Ramasubramaniam, Director, Zone Startups India said, “This year was more special, as we held a week-long bootcamp in Mumbai with the to-50 startups. Founders were not only able to be a part of evaluations done by industry advisors and investors but, also got a good understanding of the opportunities in Canada, through talks and meetings with representatives from the Canadian federal and provincial governments. We look forward to making the program bigger and contributing to more success stories, of Indian startups going global through such initiatives.”

The winners of the NBI 2018:


  1. Appmaker: Appmaker.xyz, Cochin based startup & nominated by Kerala Startup Mission, is shopify for mobile. Create native app maker for Android, iOS and Windows Phone for free. No coding required and get your app within seconds.

  2. Bitryt Solutions Private Limited: Ernakulam based startup & nominated by Kerala Startup Mission, developed ‘Zero One Media suite’, an integrated media platform which helps to automate the processes of video acquisition, processing, scheduling, distribution, monetization and analytics.

  3. PerfectFit Systems: Ernakulam based startup & nominated by Kerala Startup Mission, builds 3D scanners and fully automated smart apparel production system for the fashion industry.

  4. Trendlyne (Giskard Datatech Private Limited): Bengaluru based Trendlyne is a Retail Bloomberg platform for analysts, retail investors and advisors across geographies. Trendlyne makes every stock market data point queryable, and backtestable. It also turns unstructured data (for example, factory closures, auditor resignations) into structured data that can be used in strategies and analyzed.

  5. Detect Technologies: Chennai based company DeTect Technologies develops the innovative and efficient solutions for the industrial asset monitoring and inspection. With the vision of making the industry safe and efficient, the team of IITM alumni, students and faculty created Detect to build the smart and affordable technology. Right from its inception, DeTect has already achieved market penetration of 80% in Oil & Gas sector in terms of companies in India and predominantly present in many other sectors such as Steel , Power, Chemical and Fertilizer and its story is growing exponentially.

  6. Oizom Instruments: Ahmedabad based Oizom delivers Environmental Impact Solutions using IoT Technology. The solution acquires Environmental data and further analyses it for actionable insights. The insights acquires Environmental data and further analyses it for actionable insights. The insights empower authorities, communities and industries to take data-driven decisions.

  7. IBSFINtech India: Bengaluru based IBSFINtech is the market leader in Treasury & Trade Finance solutions provider in India, specializing in innovative, integrated and comprehensive solution for Risk, Treasury and Trade Finance Management.

  8. Bitonic Technology Labs (Yellow messenger) a Bengaluru based company has developed conversational artificial intelligence channel powering enterprises to Market,Acquire , Service and Support customers on Voice and Messaging.

  9. Lendfoundry: Bengaluru based company has developed a full stack technology platform for lenders to run lending products digitally.

  10. Pingal Technologies: Mumbai based company has developed Finalytx - our analytics platform enables simplified & scalable adoption of Data Analytics by decision makers for deriving business insights from enterprise data.

  11. Relatas: Bangaluru based company Relatas has developed a Sales AI platform that successful B2B sales teams use for Sales Forecasting, Account Management and Sales Execution, using Relationship Intelligence.

  12. SIBIA Analytics: Kolkata based company has developed Retail inventory optimization through most accurate demand forecasting - using advanced machine learning, offered as SaaS.

  13. Wobot Intelligence: Delhi based company helps Organisations automate surveillance using Artificial Intelligence.



The Next BIG Idea Contest is an important annual feature of Zone Startups India's calendar of a bevy of programs, and the team looks at it as an ecosystem development initiative that helps Indian startups gain exposure to international markets.

Zone Startups India Launches 6th Edition of Next BIG Idea Contest for Indian Startups Looking To Enter Canada

The "Silicon Valley", for several years now, has retained its charm with aspiring startups and entrepreneurs, globally - all seeking growth, glory and striking gold. However, it has increasingly become difficult for startups from elsewhere, and with little connects, to access the U.S market. More importantly so, it is difficult to access talent, funding, customers etc

Often referred to as 'Silicon Valley North', Canada and its tech ecosystem has been there for much longer than some of the other startup hotbeds. From the first ATM machine being deployed in the 1960's to more recently being home to tech companies such as Nortel and BlackBerry, which spurred several offshoots in the aftermath of them going down; to more recent and large success stories such as OpenText, Shopify, Wave, Kik, Wattpad, Thalmic Labs, 500px and HootSuite.

Over the past 5 years, the Indian startup ecosystem has multiplied ginomorously. More startups are building for the global markets, and many of them aspire a beachhead in North America. This has brought about a need for a market access program that can help easing a startup into a new market, by leveraging established connections.

Zone Startups is the global brand of tech accelerators operated by Toronto based Ryerson Futures Inc., with large operations in Canada and India.

The Next BIG Idea Contest is an annual feature of Zone Startups India's ecosystem development activities, that engages the pan-India startup ecosystem stakeholders, and seeking to discover India's 5 most hi-tech and high-potential startups that are looking to leverage a soft-landing opportunity in Canada as a gateway to North America. The selected startups get access to a bespoke market access program includes mentorship, industry connects, investor meetings and a great international exposure. The contest was launched in 2013, as a joint initiative of Zone Startups India and Government of Ontario, Canada. Over the years, several other partners have come onbaord, and this year it includes Global Affairs Canada, Government of British Columbia and Government of Alberta.

Related - 6 Winning Indian Tech Startups of Next Big Idea Contest 2016 By Zone Startups and Govt. of Ontario, Canada

"Seeing the Canadian and Indian startup ecosystem simultaneously and closely, we could see a natural fit and an opportunity to be an enabler. I'd call the Next BIG Idea Contest our gateway to India, as the 1st edition was launched right after we announced our India market entry. Today, being an established and leading tech accelerator in India, we see the annual Next BIG Idea Contest as our give-back to the ecosystem, by exposing a handful of startups to the Canadian ecosystem and fuelling their international aspirations and enabling the same" says Ajay Ramasubramaniam, Director (India), Zone Startups.

Over the past 5-years, the Next BIG Idea Contest roadshows have been to 16 startup hubs from across the country, and attracted over 1,700 applications, from which 27 startups have been soft-landed in major Canadian cities.

“It was very encouraging to see how numerous high quality grant/visa programs funded by Governments (Canadian Provinces) have been successfully utilized by worthy startups” says Soubhagya Sahoo, CEO & Co-Founder of Gray Routes who won the Next BIG Idea contest 2017 & participated in 2- weeks market access program in Canada last November.

The Next BIG Idea contest boasts of an illustrious alumni, that includes startups such as CitrusPay, Sokrati (selected in 2013 but, chose not to go in the midst of their funding round), Heckyl, Vidooly, ShieldSquare, Plackal, Flip Technologies, AdSparx, Konotor (acquired by FreshDesk), Data Resolve, Uncanny Vision, Gray Routes, Sequretek etc.

As an extension to Next BIG Idea contest, The Aditya Jha Entrepreneurship India Award was introduced in 2017 to recognize social entrepreneurs who have translated their innovative and impactful ideas into technology driven businesses. The award and a grant of INR 5 Lakhs is presented by Mr. Aditya Jha himself, an Indo-Canadian philanthropist & serial entrepreneur.

Jordan Reeves, Consul General of Canada says “Canada nurtures businesses that push the limits of technology. That’s why we’re world leaders in artificial intelligence. Canada is a country built on diversity that welcomes entrepreneurs from all over the world. Indian companies easily fit in and have instant access to markets in North America and Europe. We’re pleased to be partnering with Zone Startups on the Next Big Idea Competition and are excited about showcasing top Indian companies in Canada. Next Big Idea is one more example of the amazing support Zone Startups provides to Indian businesses.”

The next few weeks will see Zone Startups India host roadshows across 20 Indian cities, to launch the contest pan-India. Programs like Next BIG Idea contest allows a number of promising companies to understand the North American Market fit for their products when founders participate in roadshows, go through multiple rounds of selection process & speak to global jury members. The applications for the contest will be accepted online from 29th June 2018 till 15th September 2018.

In recent years, a lot of Indian Startups are now choosing Canada over the US due to later's visa uncertainty trouble, cracking the US immigration system nowadays has also become a very difficult task, a feat which only a lucky few are able to achieve. Canada has emerged as a popular immigration choice amongst Indian entrepreneurs after the US due to the clarity the country offers under its Canadian Startup Visa or SUV programme.

In February, Canadian Prime Minister Justin Trudeu along with his convoy visited India and this is when Zone Startups has been chosen by the Canadian Government and Indian Government to establish a new bi-lateral program to support entrepreneurs from both countries, through a market access program. Read - How Trump’s Stricter Visa Rules is Killing ‘Startup Dreams’ of Indian Entrepreneurs

Zone Startups India Launches 6th Edition of Next BIG Idea Contest for Indian Startups Looking To Enter Canada

The "Silicon Valley", for several years now, has retained its charm with aspiring startups and entrepreneurs, globally - all seeking growth, glory and striking gold. However, it has increasingly become difficult for startups from elsewhere, and with little connects, to access the U.S market. More importantly so, it is difficult to access talent, funding, customers etc

Often referred to as 'Silicon Valley North', Canada and its tech ecosystem has been there for much longer than some of the other startup hotbeds. From the first ATM machine being deployed in the 1960's to more recently being home to tech companies such as Nortel and BlackBerry, which spurred several offshoots in the aftermath of them going down; to more recent and large success stories such as OpenText, Shopify, Wave, Kik, Wattpad, Thalmic Labs, 500px and HootSuite.

Over the past 5 years, the Indian startup ecosystem has multiplied ginomorously. More startups are building for the global markets, and many of them aspire a beachhead in North America. This has brought about a need for a market access program that can help easing a startup into a new market, by leveraging established connections.

Zone Startups is the global brand of tech accelerators operated by Toronto based Ryerson Futures Inc., with large operations in Canada and India.

The Next BIG Idea Contest is an annual feature of Zone Startups India's ecosystem development activities, that engages the pan-India startup ecosystem stakeholders, and seeking to discover India's 5 most hi-tech and high-potential startups that are looking to leverage a soft-landing opportunity in Canada as a gateway to North America. The selected startups get access to a bespoke market access program includes mentorship, industry connects, investor meetings and a great international exposure. The contest was launched in 2013, as a joint initiative of Zone Startups India and Government of Ontario, Canada. Over the years, several other partners have come onbaord, and this year it includes Global Affairs Canada, Government of British Columbia and Government of Alberta.

Related - 6 Winning Indian Tech Startups of Next Big Idea Contest 2016 By Zone Startups and Govt. of Ontario, Canada

"Seeing the Canadian and Indian startup ecosystem simultaneously and closely, we could see a natural fit and an opportunity to be an enabler. I'd call the Next BIG Idea Contest our gateway to India, as the 1st edition was launched right after we announced our India market entry. Today, being an established and leading tech accelerator in India, we see the annual Next BIG Idea Contest as our give-back to the ecosystem, by exposing a handful of startups to the Canadian ecosystem and fuelling their international aspirations and enabling the same" says Ajay Ramasubramaniam, Director (India), Zone Startups.

Over the past 5-years, the Next BIG Idea Contest roadshows have been to 16 startup hubs from across the country, and attracted over 1,700 applications, from which 27 startups have been soft-landed in major Canadian cities.

“It was very encouraging to see how numerous high quality grant/visa programs funded by Governments (Canadian Provinces) have been successfully utilized by worthy startups” says Soubhagya Sahoo, CEO & Co-Founder of Gray Routes who won the Next BIG Idea contest 2017 & participated in 2- weeks market access program in Canada last November.

The Next BIG Idea contest boasts of an illustrious alumni, that includes startups such as CitrusPay, Sokrati (selected in 2013 but, chose not to go in the midst of their funding round), Heckyl, Vidooly, ShieldSquare, Plackal, Flip Technologies, AdSparx, Konotor (acquired by FreshDesk), Data Resolve, Uncanny Vision, Gray Routes, Sequretek etc.

As an extension to Next BIG Idea contest, The Aditya Jha Entrepreneurship India Award was introduced in 2017 to recognize social entrepreneurs who have translated their innovative and impactful ideas into technology driven businesses. The award and a grant of INR 5 Lakhs is presented by Mr. Aditya Jha himself, an Indo-Canadian philanthropist & serial entrepreneur.

Jordan Reeves, Consul General of Canada says “Canada nurtures businesses that push the limits of technology. That’s why we’re world leaders in artificial intelligence. Canada is a country built on diversity that welcomes entrepreneurs from all over the world. Indian companies easily fit in and have instant access to markets in North America and Europe. We’re pleased to be partnering with Zone Startups on the Next Big Idea Competition and are excited about showcasing top Indian companies in Canada. Next Big Idea is one more example of the amazing support Zone Startups provides to Indian businesses.”

The next few weeks will see Zone Startups India host roadshows across 20 Indian cities, to launch the contest pan-India. Programs like Next BIG Idea contest allows a number of promising companies to understand the North American Market fit for their products when founders participate in roadshows, go through multiple rounds of selection process & speak to global jury members. The applications for the contest will be accepted online from 29th June 2018 till 15th September 2018.

In recent years, a lot of Indian Startups are now choosing Canada over the US due to later's visa uncertainty trouble, cracking the US immigration system nowadays has also become a very difficult task, a feat which only a lucky few are able to achieve. Canada has emerged as a popular immigration choice amongst Indian entrepreneurs after the US due to the clarity the country offers under its Canadian Startup Visa or SUV programme.

In February, Canadian Prime Minister Justin Trudeu along with his convoy visited India and this is when Zone Startups has been chosen by the Canadian Government and Indian Government to establish a new bi-lateral program to support entrepreneurs from both countries, through a market access program. Read - How Trump’s Stricter Visa Rules is Killing ‘Startup Dreams’ of Indian Entrepreneurs

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