Meet the finalists on the Ericsson Garage Startup Challenge
Over 150 global start-ups registered for the Ericsson Garage Start-up Challenge in just three weeks. Nine of them got the chance to pitch in front of a fully packed Ericsson Studio on September 5th, 2017. The Dragon's Den consisted of Tanya Marvin-Horowitz, Co-founder and Managing Partner at CAP A and Partner at Butterfly Ventures, Börje Ekholm, President and CEO of Ericsson and Ville Heikkenin, Partner, Butterfly Ventures. The event also consisted of a fireside chat with Sandor Albrecht, Founder of Ericsson Garage, Petra Dalunde, COO of Urban ICT Arena and Joseph Michael, Head of Startups/Tech at Invest Stockholm. The audience also got the chance to listen in to a remote interview with e-Hub South Africa.
The competition was a collaboration between the STHLM Tech Fest and the Ericsson Garage and offered entrepreneurs a chance to be considered for a venture capital investment and technology incubation through the Ericsson Garage global network. The judges looked for areas of innovation, business potential and sustainability impact.
The 2017 Grand Prize was awarded to
Hiveonline provides a total small and micro business solution for many routine tasks such as invoice payment, supply chain management and payroll. Hiveonline automates these functions and allows business owners to focus on their core business rather than administrative tasks.
The 2017 First Prize was awarded to
Vyer Technologies has developed a smart system for BIM (building information modeling). The technology allows building management staff to collect data from various IoT modules and use that information to lower energy and maintenance costs. The system also allows buildings to be run with
The 2017 Second Prize was awarded to
The Kelisec method is a new revolutionary way to transfer secure communication without keys. This method replaces the old and existing PKI-solution (Public Key Infrastructure). Kelisec's security solution can be used for anything from financial transactions to IoT, e-health, AI and securing Blockchain technology (node-to-multinode). The method is quantum computer safe and scientifically proven to be secure against all known attacks and man-in-the-middle attacks.
Chainside provides businesses with an application programming interface (API) for integrating data into a blockchain. Chainside not only allows companies to utilize blockchain technology for data processing and smart contracts, but can also enable them to make payments through cryptocurrencies such as bitcoin.
The 2017 Third Prize was awarded to
iOptiBiz has developed OptiEdge, a product for Efficient Workforce Management, which help Organizations increase Internal Fulfillment, reduce external hiring and improve Economic Utilization. It has various modules including Contract Budgeting, Annual Budgeting, Forecasting, Project Planning, Resource Requisition, Resource Pool, Virtual Bench, Demand-Supply Match, Resource Proposal, Allocations, Resource Release, Timesheet, Efforts to Billing, Unaccrual and several Dashboards such as Efforts Leakage, Daily Utilization, Economic Utilization etc.
Katla is looking to disrupt air travel by producing the first affordable electric vertical takeoff and landing (eVTOL) aircraft for private use, using kit planes.
Do you have a great idea you want to incubate?
Ericsson Garage is an incubator for exploring new ideas and develop minimum viable products that is presented to the Ericsson Garage Dragons' Den as opportunities for investment.
For inspiration, have a look at some of the past and current projects that are running in the Garages worldwide.
You can send in proposals with any maturity to Ericsson Garage