Winners of Bader StartUp Cup Announced

Bader Young Entrepreneurs Program is in partnership with Bank Audi.

 

After pitching their best ideas on November 14, the 3 winning startups of Bader Startup Cup were announced. The announcement was made during Networking 961, the opening party of GEW 2013 which Bader is proudly hosting, on the 19th of November. Zima came out in 3rd place, Qi Juices in 2nd and SerVme took home the 1st prize.
Bader teamed up with key partners of the ecosystem and offered cash and in-kind prizes worth over 100,000,000 LBP. In addition to receiving respectively 20,000,000 LBP, 7,000,000 LBP and 3,000,000 LBP, the 1st, 2nd and 3rd place winners will get strong support from Bader’s Partners: Naharnet for example, will offer 20,000$ worth of online advertisement for each winning team; Berytech Foundation will help the winners by hosting them for 6 months; Cisco Entrepreneurs Institute, it will offer 50% and 33% scholarships for the 3 winning teams to attend the Start/Grow My Business Workshop; and finally, the MIT Enterprise Forum Pan Arab will offer a full scholarship for the first place winner to attend the upcoming Cairo workshop.

 

100 Applications to 12 Semi-finalists

The 12 Startup Cup finalists were originally selected out of a 100 applications received. A panel of 25 judges evaluated and graded the applications based on innovation, scalability and job creation in Lebanon. Each of the 12 semi-finalist teams were assigned a coach who followed up and provided strategic support, mentorship and advice. The process of Bader Startup Cup was conducted over the course of 7 months divided into 2 coaching phases. After the first phase, the semi-finalists were required to submit their revamped business models along with evidence of progress. The seven finalists chosen moved to the second and final round of training and coaching, while they work on perfecting their investor pitch. The finalists were allowed a 5 minute pitch to convince a high profile jury of their startup concept upon which the winners were selected.

 

The Winning StartUps

First Place: SerVme

SerVme is an online web/mobile platform that offers advanced customer and venue management solutions for the F&B sector. SerVme allows users to secure and have greater control over the reservation process and enables venues to better manage the user experience and enhances effectiveness of their marketing efforts.
Team: Karl Atiyeh and Sarah Hawilo

Karl Atiyeh from SerVme says that Bader helped them with the coaching offered through the whole experience. He adds that the biggest added value of the competition is the exposure to a huge panel of investors. With regards plan, SerVme will aim to raise a new round of funding in order to grow their startup.

Second Place: Qi Juices

Qi Juices makes fresh cold-pressed juice from organic fruits and vegetables, and is riding a global wave of “detox” and wellness diets.
Its juices can be consumed as part of a 1-5 day juice cleanses. Qi Juices is a safe natural and delicious way to get a high intake of quality nutrients without turning to processed shakes, pills or powders, and people who have been on a juice cleanse feel it works as a catalyst for a healthier lifestyle moving forward.
Team: Leila Nashabe and Hana Alireza

Leila Nashabe, co-founder of Qi Juices, explains how Bader helped them stay focused on their goals, and provided them with mentors and coaches to guide them along the way. She adds that they weren’t sure where to start, until Bader showed them directions.
The 2nd place winners came out with a roadmap for their start-up from the competition. As for their future plans, Qi Juices aim to expand their operations and hopefully move into franchising.

Third Place: Zima

Zima provides advanced and turnkey management software to Internet Service Providers (ISP) in emerging markets. It’s the reliable and affordable ISP manager adapted to small-to-medium-sized ISPs.
Team: Naim Zard and Fouad Farah

Naim Zard, Zima’s co-founder says that by mentoring, Bader taught them a lot especially during the presentations and the pitches. He adds that the main thing he gained from this whole experience was meeting new people. And since their online software business is already in the market, Zima’s next step will be to focus on growing their business.

The Bader Startup Cup Competition was carefully designed to provide an added value to aspiring entrepreneurs that exceeds a regular business plan/idea competition. It provides a customized support system to Bader Startup Cup participants.

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