Winners of the Second BADER Startup Cup Announced
Networking961, Bader’s annual flagship event, did not only inaugurate Global Entrepreneurship Week Lebanon 2014, which Bader hosted for the 2nd year in a row, it also wrapped up the 2014 edition of the Bader Startup Cup competition, as the night witnessed the announcement of the winners of the 6 month competition.
The 3rd prize went to Ki, the 2nd to Kitchen Confidential, while Energy 24 took home the 1st prize.
Different partners from the entrepreneurship ecosystem teamed up with Bader to support the winners and help them kick start their businesses. The 3 winning teams will be offered over LBP 100,000,000 worth of cash and in-kind prizes.
The second year of this unique business model competition could not be possible without our ecosystem partners. Coworking+961 will be hosting the winners startups for 3 months and Amideast Entrepreneur Institute will offer the winners 50% and 33% discounted scholarships to attend the Start/Grow My Business Workshop.
Moreover, and similar to last year, Eastline Marketing, will be offering $1,500 worth of online marketing consultancy for each of the winning startups.
Additionally, each winner will be receiving a 1-year membership at Kompass Lebanon worth of $6,000, the leading business-to-business database, as well as a premium listing of the candidate’s company on Kompass to each of the three finalists. The holding also offers preferred fees with Masri Etudes et Expertises on market surveys, feasibility studies and valuations and preferred fees on Kompass worldwide memberships and advertising packages.
About the competition
Out of hundreds of applications received, only 15 teams were selected to proceed in the competition. These startups went through different phases of evaluations and grading, and were dedicated coaches to mentor them and guide them for a period of 4 months.
Semi-finalists were judged on their progress and effort in the competition, and went through a second round of training. The final stage of the competition required the 6 finalist startups to pitch before a panel of high profile judges who chose the 3 winners.
Even as the competition ends, BADER continues to provide support to all the startups who were part of Bader Startup Cup through designated mentorship hours and the availability of Coworking+961 as a collaborative working space where they can use all the facilities and the startup support program that goes in parallel.
The winning Startups
1st place Winner: Energy 24
Energy24 introduced a new technology in Lebanon: “ENERGY STORAGE TECHNOLOGY or “ESS” allowing the storage of large amounts of electric energy into a new type of battery to power residential, commercial or industrial loads during long power outages. By storing the electricity produced by EDL instead of burning diesel, it is possible to achieve up to 75% savings while avoiding the pollution and the unstable power supply of generators. Energy24 also offers a number of peripheral products to include solar photovoltaic systems, wind energy systems and other energy saving solutions allowing the customer to minimize his energy bill.
2nd place Winner: Kitchen Confidential
Inspired by the latest research and discoveries in the nutrition field, Kitchen Confidential is a Gourmet catering company that is transforming “Fast Food”, pastries and desserts into their healthy but tasty version. The end products are made with the finest organic and natural ingredients, and free of : Gluten, Refined sugar, GMOs, Trans-fat , Aspartame, Additives, Preservatives, Antibiotics, Taste enhancers (MSG, etc…), Soy and Oat. The products can be customizable to meet the needs of clients with intolerances to specific ingredients: dairy products, eggs, egg white, nuts, beef, etc.
3rd place Winner: Ki
Ki is a revolutionary solution that eliminates the need for usernames and passwords. Our USB device will securely log you into all of your accounts. With Ki you no longer have to remember your usernames and passwords, Ki will do it for you. Ki will allow for the application of a better solution to meet the continuously growing requirements of the existing market. By creating this product and its technology, and making it an “out of the box” readily available to use by all, we are paving the way for a convenient, comforting, fast, efficient and secure automated user identification and login experience. Forget your passwords; Ki will remember them for you!
Bader Young Entrepreneurs Program is in partnership with Bank Audi.