Women Startup Challenge Europe Reveals Victors of First-Ever Worldwide Episode



LONDON, May 4: London was the setting of a landmark for women in tech as the not-for-profit Women Who Tech, and chief sponsor Craig Newmark, originator of craigslist and the Craig Newmark Philanthropic Fund, revealed the victors of the Women Startup Challenge Europe. Women-guided startup competitors placed their projects before an admired board of tech business executives and financiers May 3 at London's City Hall, held by the office of Mayor Sadiq Khan.

Simprints from the UK obtained the substantial award, a funding of €50,000 cash attributed to the Craig Newmark Philanthropic Fund, and one-on-one mentoring with Wikipedia Founder Jimmy Wales.

"This is our first-ever international competition and the response from the tech community has been extraordinary," stated Allyson Kapin, founder of Women Who Tech, adding, "We had more than 200 applicants, and our finalists included some of the most innovative women-led startups based in Austria, Finland, France, Ireland, Spain, and the UK."

Simprints has created a low-cost biometric scanner, mobile app, and cloud platform that could turn out to be the first resource of giving distinctiveness to the 1.5B people globally who do not have proper IDs by utilizing people's fingerprints to perfectly connect them to records. 

The Audience Choice Award was secured by Lifebit from Spain, which will obtain $120,000 in cloud facilities from IBM. Lifebit allows actual genomic analysis—stress-free to use, moveable across groups and clouds, accessible, reproducible, and time and cost-effective.

The other finalists will each obtain $10,000 in cloud facilities.

The judges comprised Max Kelly, Managing Director of TechStars London; Marie-Laure Sauty de Chalon, CEO of auFeminin.com; Rajeeb Dey, originator of Enternships.com and CEO of Learnerbly; and Diane Tate, Senior Program Manager of Mozilla.

"Supporting women in tech is a big deal, and not just in the U.S.," revealed chief sponsor Newmark, adding, "The tech industry worldwide needs more women. We need their perspective and talent. But only 10 percent of global investor money goes to women-led startups, even though women-led companies deliver a 35 percent higher return than those led by men. We've got to invest in talent and close this gap."

Other patrons comprised Rad Campaign, IBM, London's City Hall, Invisu, and Mozilla.

The 10 finalists are being accommodated at London's Mozilla for mentoring with financiers and startup specialists Paul McNabb of Episode1, Charles Thiede of Zapnito, Russell Buckley of Kinder Capital, Diane Tate of Mozilla, and Georgia Taylor-Foster of Playfair Capital.

This contest commemorated the fifth Women Startup Challenge ever since June 2015 and the first to be organized outside the U.S.  So far over 1,500 women-guided startups have partaken and approximately $1M in cash and other awards have been given to victors and qualifiers.

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