BAU - Demo Day #1
Discover the most talented tech-entrepreneurs in Macedonia, and help them create successful companies
On Thursday, 20 June 2019, at the Center for Technology Transfer and Innovation – INNOFEIT, BAU organized its first Demo Day, marking the end of its first Acceleration Program. At the Demo Day, six startups demo-ed theur innovative business solutions to BAU’s investment committee, other external investors and business angels, Macedonia’s startup ecosystems, and other guests and friends.
Out of 42 applicants, BAU selected the six startups for its first acceleration program (Spring 2019). During 12 weeks of acceleration, BAU extensively worked on enhancing the business models of the startups, allowed them to take part in numerous startup related workshops supported by SwissEP, connected them with teams from the Lucerne University of Applied Sciences and Arts (www.hslu.ch), and with mentors from the United Macedonian Diaspora (www.umdiaspora.org).
At the event the following startups presented their ventures:
Araig Global – ARAIG is a multi-sensory feedback gaming vest that allows the user to feel the game with a complete physical experience. The vest provides a variety of sensations from tingling, to motion, and locking of the wearer. In combination, these 3 forms of feedback create full coverage of the torso and shoulders.
Inellipse – AWSome is a set of development tools that integrate with most widely used enterprise messaging applications that simplify and streamline the daily work of software development teams and management of their cloud platforms.
Bio ICT – Agrosense is an IoT platform that effectively measures and analyses multiple parameters in the field of agriculture, livestock management and beekeeping, and provides appropriate agro-technical measures that lead to cost optimization and increased food production.
Davvero.Io – smart jewelry that helps users to track and share their emotions, and help them to stay connected with their inner self.
Elevate Global – ASAP is a latency-bounded and adaptive analytics platform for the manufacturing and utility industries. ASAP significantly reduces the time that companies need to implement autonomous time series forecasting, by providing detailed analytics on targeted process or equipment, and by generating multiple forecasting models and detecting anomalous behavior.
Citechsuite – Metricity is a cloud based platform that helps financial institutions meet Anti-Money Laundering and Combating the Financing of Terrorism compliance by automatically verifying client’s identity and risk levels.
The Demo Day also included a Panel Discussion on the topic of “Complementarity of existing financial instruments and support services to accelerate startups innovation and business growth”. Participants in the panel were Ms. Tanja Ilijevska, Fund for Innovations and Technology Development (FITR); Prof. D-r Vladimir Atanasovski, INNOFEIT – Centre for Technology Transfer and Innovations; Ms. Dijana Janevska, Science Park Graz, Austria; Robin Zimbakov, Business angel, CEED Business Angels Club; and Karolina Karovska Bozinoska, Macedonian Stock Exchange. THe panel was modereted by BAU’s Vojdan Jordanov.
”Accelerators have become an increasingly dynamic part of the tech startup/angel investing ecosystem with programs that provide startups with mentorship, advice, practical training, and contacts to guide them from idea to product development and product launch. Following the launch of the product, the next development phase is crowdfunding. Macedonian stock exchange as an exclusive partner of Funderbeam SEE in our country and Business Accelerator UKIM will further cooperate to support services to accelerate startups innovation and business growth”, explained Ms. Karolina Karovska Bozinoska, Head of Division for promotion, education and development, Macedonian Stock Exchange.