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The Global Entrepreneurship Movement (GEM) ended today on a high note with the announcement of the inaugural winner of ColossusINNO2017 at the Global Entrepreneurship Community (GEC) Summit 2017.
After an intense deliberation, Blusense Diagnostics from Denmark were handed the title that came with a winning prize of USD100,000 to pilot the innovation as a solution in the preferred ASEAN country.
Subsequently, the winner will be exposed to a variety of access to resources and skills to aid the growth of the idea, amongst which include collaboration with the local government and corporations for a stronger market entry.
At the pitch, Blusense Diagnostics made a strong case on their submission called the BluSense technology that enables the accurate diagnosis of dengue and zika using a single drop of blood.
Combining biomarker quantification with portability, affordability and ease of use, BluSense point-of-care products are designed for helping healthcare organizations to increase their diagnostics capacity, and to monitor, control and manage virus outbreaks.
Speaking on behalf of Blusense is its co-founder Filippo Bosco, who also explained on the function of BluBox - a portable and affordable device specifically designed for single-drop-of-blood diagnostics operations.
He said, “BluBox is compatible with a large number of single-use tests, which are developed by BluSense for diagnosing different diseases. Currently tests for dengue and zika diagnostics applications are under development. Furthermore, BluBox has already demonstrated its ability to accurately identify several diseases and different health conditions”.
“ColossusINNO2017 is a benchmark of success for outstanding entrepreneurs that not only demonstrate extraordinary business insights, but also excellent entrepreneurial spirit, disruptive innovation and strategic direction. This competition spotlights aspiring entrepreneurs that disrupt and lead to the change and economic growth required by societies,” enthused Patron and Founder of GEM, Tan Sri Dr. Mohd. Irwan Serigar.
“ColossusINNO2017 is an initiative to find the next big solutions that help address the market gaps to help ASEAN nations achieve first world status, which includes innovation in the areas of governance, poverty eradication, education, health, environment and cleanliness,” he added.
The global call for submissions for ColossusINNO2017 was held for three months since the launch. The competition received 1,780 submissions from 88 countries.
To ensure that the selected entrepreneurs meet the global standards in terms of knowledge, solution to problems and other requirements of a scalable startup, a panel of independent global judges consisting of key industry experts narrowed down the applications to 30 semi-finalists, before shortlisting 10 finalists. ColossusINNO2017’s Final Pitches were made yesterday.
