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Three Startups Advance from EWC USA + Canada

BOSTON, UNITED STATES – Hundreds of investors, corporate executives, and entrepreneurs gathered at the Boston Innovation Centers for the EWC USA + Canada final this July. Koniku and Tive from the United States and NERv Technology from Canada advanced to the next stage of the Entrepreneurship World Cup.

“This is more than just a simple pitch competition,” said Jonathan Ortmans, president of the Global Entrepreneurship Network. “The Entrepreneurship World Cup brings international expertise and support to more than 100,000 individuals in over 170 countries — helping them take the next step in their entrepreneurial journey, no matter where that may be.

Advancing to the next stage of the competition from the West Coast were Koniku, a California-based advanced biotech company that creates living machines to detect volatile organic compounds in the air, with the potential to revolutionize global healthcare and security. On the East Coast, the title was taken by Tive, a Boston-based real-time supply chain solution that provides end-to-end visibility and analytics at the asset level during transit. NERv Technology, a health tech company that has developed a sensory platform designed to detect gastrointestinal leaks that can arise after surgical procedures, was the top Canadian startup.

“The Koniku team had a great time at the EWC USA + Canada finals organized by GSVlabs. We met a lot of formidable startups and generated a lot of interest amongst the VC’s who were in attendance…We are looking forward to Riyadh” said Osh Agabi, Founder & CEO, Koniku.

Koniku, Tive and NERv Technology will participate in an acceleration program which features virtual training and one-to-one mentoring with international mentors to prepare for the EWC Global Final, which will be held in Riyadh, Saudi Arabia on November 12-14, 2019.

From 500 hundred applicants, 26 companies made it to the combined US and Canada finals – 20 finalists from the US (10 on the East Coast and 10 on the West coast) and six from Canada. The winning startup from each group was awarded $25,000 in non-dilutive funding from GSVlabs, a trip to the Global Entrepreneurship Congress in 2020 and a spot in the EWC Global Finals this November for a chance to compete for $5M in prizes and investment.

The runners-up were Corumat who create micro-engineered bioplastics with a goal to eliminate billions of pounds of plastic waste, Nineteenth Amendment, a female-founded platform for sustainable, inventory-free retailing, and Retaildeep, computer vision and analytics to supercharge retail in brick and mortar stores.

Participants pitched to a panel of esteemed judges, representing marquee venture capital firms (Venrock and Silicon Valley Data Capital) and some of the world’s leading universities (HBS and MIT), including West Coast judge Tom Willerer, Partner at Venrock .

“The level of quality among the entrepreneurs at the Entrepreneurship World Cup was off the charts. It made the job of judging both very interesting and very hard! Congratulations to all involved,” said Amanda Curtis – Co-founder and CEO and of Nineteenth Amendment.

More than 102,000 contestants from 184 countries entered the Entrepreneurship World Cup. The initiative combines a broad-reaching pitch competition, aimed at ventures ranging from the idea stage to growth stage, with a virtual accelerator program to help all participants launch, strengthen and scale their enterprises. Global Finalists will face off against one another at the Misk Global Foundation ahead of Global Entrepreneurship Week in November 2019.

EWC is an initiative led by the Global Entrepreneurship Network and Misk Foundation with support from a collection of a national and global partnerships,  including the Global Educational and Leadership Foundation and GSVlabs.

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