Extreme Tech Challenge Top 25 Semi-finalists

facebook-XTC-logoThe road to Necker has officially begun…

The Extreme Tech Challenge team has reviewed each and every one of the nearly 2,000 interested applicants to determine the Top 25 semi-finalists. The hottest areas in technology are represented in this group from medical and wearables to IT and conservation. All are poised and ready to scale.

We announced the Top 25 live on stage at the TIBCO NOW conference in San Francisco on Tuesday, November 4, 2014 at 9:50am Pacific Time. TIBCO is an XTC sponsor, which has offered every single applicant free 3-month access to their amazing data analytics tool, TIBCO Spotfire, to help them strengthen their presentations with real-time information quickly and easily pulled in and beautifully displayed with graphs and/or charts.

The Top 25 will now compete for a chance to be one of the ten finalists who pitch live on stage at the world’s largest consumer electronics show, CES, in Las Vegas on January 8, 2015 at 2pm in the Marco Polo room at The Venetian (Get Tickets HERE). Thanks to TIBCO, the Top 3 winners selected at CES will fly to Sir Richard Branson’s private Necker Island to pitch the legendary entrepreneur, along with an all-star panel of judges.

Here is the Top 25 in random order.

 #25

Screen Shot 2014-11-03 at 2.38.55 PM The first company to have all of the Sharks on Shark tank invest. Their product is the first Portable Breath Analysis Platform powered by a smartphone. 

#24

skycatch image A drone platform for commercial logistics.

 

 

#23 

facialnetwork_logoA cloud-based facial recognition contact management system for your smartphone.

 

#22

Screen Shot 2014-11-03 at 2.47.01 PM

 

Admetsys created the first fully-automated blood glucose control system for hospital care. It’s basically an artificial pancreas.

#21 

eko devices A next generation medical device company which has created the world’s most intelligent Stethoscope

 

#20

ghost_01 Fastest growing Open Source publishing platform.

 

 

#19

canva An amazingly simple graphic design platform in the cloud. Watch out Adobe.

 

 

#18 

3dhubsDemocratizing the 3D printing market by connecting people who want to 3D Printing with local 3D Printers.

 

#17 

Screen Shot 2014-11-03 at 3.08.00 PMCeratotech is bioengineering synthetic animal products to prevent poaching and extinction.

 

#16 

coinalytics
Coinalytics offers real-time analytics for the digital currency Bitcoin.

 

 

 

#15 

cambrian genomics logo The inventor of DNA laser printing.

 

 

#14 

deepflight logo A new class of personal submarine to unlock the oceans for human access.

 

 

 

#13

doctorondemand

Largest and fastest growing Virtual Medical Practice which allows patients to have video office visits.

 

#12 

Screen Shot 2014-11-03 at 3.16.44 PM Price prediction and booking platform for flights, hotel rooms or rental cars.

 

#11

foodif Agricultural management system to help small world farmers double productivity.

 

#10

nextuers imageA customer data management system for contextualizing the user experience for end-to-end users

#9

open garden image Open Garden brings Internet to every device, every person, and every location by sharing and crowdsourcing connectivity.

#8

stroll logoStroll Health is creating transparency in medical costs for doctors and patients.

 

 

#7 

the eye tribe The maker of eye tracking software for consumer devices

#6 

openrov logo A thriving global open source community platform for underwater exploration using low-cost underwater robots.

#5

switch embassy logo A wearable technology company creating context-aware and responsive fashion and accessories.

 

#4 

SONY DSC The maker of the world’s smartest motorcycle helmet.

 

 

 

#3 

ethosgen_logo

They’re revolutionizing electricity generation by empowering all of us to turn our waste into renewable on-site energy.

 

 

#2 

vital medicals

The first medical hands-free technology on Google Glass for surgeons.

 

#1 

wanderu logo The simplest way to find and book global bus and train travel.

 

 

Keep your eyes on this prize: free cloud hosting and DBaaS from IBM


ibm logo

Screen Shot 2014-10-29 at 5.01.41 AMScreen Shot 2014-10-29 at 4.56.48 AM

The point of the Extreme Tech Challenge is to help entrepreneurs reduce the friction to scale. But let’s back up for a second. Do you know what I mean by “friction”? It’s all the stuff that gets in your way when you’re trying to take a great idea and build it into a great business. Technical challenges, lack of funds, lack of know-how and other tangible and intangible resources—it’s all friction.

The latest prize from XTC partner IBM goes a long way to eliminating a couple of those major lack-of-funds and lack-of-expert-resources issues. Building or buying (and then maintaining) cloud hosting infrastructure and databases takes a hefty percentage of a startup’s budget and (even worse) can distract your technical experts, who need to be focused on innovation, not infrastructure.
Enter IBM, which is generously offering all three XTC finalists FREE cloud infrastructure from SoftLayer, an IBM company.

It’s also offering FREE services from Cloudant, an IBM company that delivers IBM’s scalable, always-on NoSQL database as a service (DBaaS). These services give you control over your apps and data but take off the pressure of running all that infrastructure, so they can help you get you off the ground—and then some. With data centers all over the world, they can help you comply with data residency rules as you grow internationally.

Here are the details of what IBM is offering to help winners reach their goals:
➢ 3rd place, total value $15,000: $1,000 / month worth of cloud hosting and $250/month of Cloudant DBaaS usage for 12 months
➢ 2nd place, total value $30,000: $2,000 / month worth of cloud hosting and $500 per month of Cloudant DBaaS usage for 12 months
➢ 1st place, total value $39,000: $2,500 / month of cloud hosting and $750 per month of Cloudant DBaaS usage for 12 months.
And keep watching this space, because I’ll be posting info on more prizes soon!

Advice from Musician and Entrepreneur Will.i.am: It’s not about the product; It’s about the purpose and a mission.

Will.i.am jumped into the tech entrepreneurial ring this week announcing the new smartphone, PULS, which he said over and over again was not a watch (But it really is a watch…and more). His presentation was all too familiar:

The dark clothing;

The simple messaging;

The sleek and sexy product;

The line-up of celebrity and corporate endorsements;

More importantly, he went beyond what I always call ‘the message’. You know what I’m talking about. It’s the words your PR specialist has told you to stick with no matter what the question. Always bring it back to the message of your brand, who you are, and the features of your product, right?

Wrong.

What Will.i.am did so effectively was to go beyond the product and speak about the purpose and the mission. It’s something that Steve Jobs nailed.

It’s something to consider as you market your product. What is your purpose? What is your mission? That’s the secret to creating a strong brand.

Below is my interview with Will.i.am at DREAMFORCE, in its entirety. His story is amazing.

One interesting fact I’d like to point out is that he grew up in the projects and his mom sent him off on a one-hour long bus ride every day to a better neighborhood to attend school. She dressed him in a full suit every single day telling him it was a reminder that he was there to work, not play. She didn’t just want him to succeed, she expected it. And he, thereby, did as well. And now he’s giving back to his neighborhood. That’s where his purpose and his mission comes in, and we kept coming back that during the interview.

Take a look:

XTC Rules and Eligibility Criteria

Team

• We will be looking for teams with the right vision, passion, and set of abilities. Successful start-up teams tend to have a programmer, a marketer / salesperson, a product manager, and someone with basic administrative abilities (put together simple financial analyses, deal with legal aspects, etc.). Ideally, the team members will have worked together before.

• One person on the team must be designated as the team lead at the time of the initial submission and thus is authorized to make all decisions on behalf of the team.

Product

• Entrant teams must have a novel product or service that is scalable, addresses a clear market opportunity and gives the company a sustainable competitive advantage.

• Teams must have identified and validated a number of customers. They must demonstrate a strong need for their solution, e.g. actual sales, a large number of interviews across customers and experts.

• Teams must have a prototype or minimum viable product they will develop over the course of the competition.

• The product / service ideas that win in new markets need to have the right vision. These ideas will be part of a larger story of how things have evolved to today, and what will need to happen going forward. They should hit the wave at the right time — neither too early nor too late, along with reasoning for “why now”. Your product / service idea should address what the challenges with existing solutions are, and why your idea is a break-through.

Market

• There are a number of markets you can choose to compete in. We want to hear from entrepreneurs who are competing for markets that generate at least $1 billion in sales per year. This means that the total number of potential customers multiplied by how much they’ll spend on your product each year should be greater than $1 billion. We also believe entrepreneurs should focus their efforts in capturing entirely new markets that didn’t exist before, or in disrupting old markets with new technology.

Application

• You will be judged by the quality of your application. We will assume that the style, wording, and thoughtfulness of your presentation will be a reflection of how you will present your idea to customers, partners, and other future stakeholders.

Financing

• We are looking for WINNERS to weave into our community. There is no hard-and-fast rule as to current revenue level or prior capital raised, but we will be biased to pick disruptive companies where we think we can add value and make a difference to your success. That said, we are generally focused on companies with less than $10,000,000 in revenue since inception.

Intellectual Property

• The proposed business should not be in violation of any intellectual property rights; including but not limited to patent infringement.

General Rules

Prizes are offered subject to compliance with all applicable local laws, rules and regulations. You are responsible for paying for your own travel, accommodation and other costs to attend all of the competition events for which you qualify. You are also responsible for paying your own taxes and other charges associated with receipt of the prizes.

Indemnity

You agree to indemnify and hold harmless MaiTai Global and its officers, directors, members, managers, employees and agents, from and against any claims, suits, proceedings, disputes, demands, liabilities, damages, losses, costs and expenses, including, without limitation, reasonable legal and accounting fees (including costs of defense of claims, suits or proceedings brought by third parties), in any way related to your participation in the competition and attendance of the competition events, as well as for the failure of the information you provide to us both directly through our website and any additional information you provide to us at our request, to be true and complete in all material respects.

Disclaimers

The competition and all included content on our website are provided on an “as is” basis without warranty of any kind, whether express or implied.

MAITAI GLOBAL SPECIFICALLY DISCLAIMS ANY AND ALL WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE.

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, MAITAI GLOBAL SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, GOOD-WILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM (A) YOUR ACCESS TO OR USE OF OR INABILITY TO ACCESS OR USE THE SITE; (B) ANY CONDUCT OF ANY THIRD PARTY; (C) UNAUTHORIZED ACCESS, USE OR ALTERATION OF YOUR TRANSMISSIONS OR CONTENT; OR (D) YOUR PARTICIPATION IN THE COMPETITION OR ATTENDANCE OF ANY OF THE COMPETITION EVENTS.

Governing Law and Jurisdiction

Your agreement to abide by these Rules shall be governed by the laws of the state of California, without regard for its conflict of laws principles. We each agree to submit to the personal jurisdiction of a state court located in Santa Clara County, California or the United States District Court for the Northern District of California.

Rule Changes

MaiTai Global reserves the right to determine the form and means of providing notifications to you, and you agree to receive legal notices electronically if we so choose. We may revise these Rules from time to time and the most current version will always be posted on our website. If a revision, in our sole discretion, is material we will notify you. By continuing to access or use the site or to otherwise participate in the competition after revisions become effective, you agree to be bound by the revised Rules. If you do not agree to the new rules, please withdraw from the competition.

By participating in this business plan competition, you agree to abide by the rules of this competition described above, in addition to the more general terms applicable to the YouNoodle competition platform.

Venture Capitalists and Tech Leaders Share Key Insights for Startups Seeking Funding

Bill Tai, Gary Shapiro, Lars Rasmussen, Othman Laraki and John Souza Offer Five Key Tips for Tech Entrepreneurs

Startups participating in The Extreme Tech Challenge (XTC) (www.extremetechchallenge.com/enter) will have the opportunity to be mentored by some of the world’s leading venture capitalists and tech leaders. Members of the all-star judging panel and advisory council offer five key tips for tech entrepreneurs as they compete against hundreds of startups vying for capital, world class coaching and a chance to pitch Sir Richard Branson.

“Always surround yourself with the highest quality people you can,” said Bill Tai, Extreme Tech Challenge co-founder and legendary venture capitalist. “In the end, the best teams win.”

“Forget a lengthy business plan,” said Gary Shapiro, president and CEO of the Consumer Electronics Association. “Quickly test your concept with feedback from scores of potential customers, then respond like a ninja and go to market.”

“Innovation happens outside the comfort zone,” said Lars Rasmussen, Facebook’s director of engineering for Facebook and the co-inventor of Google Maps. “Most people can do more than they think they can.”

“Choose the one thing that is going to matter the most to your users and customers,” said Othman Laraki, Color Genomics co-founder and former Twitter VP Product. “Take your best shot at making it awesome.”

“An overnight success is many long nights in the making,” said John Souza, founder of Social Media Marketing University, serial entrepreneur and veteran investment banker. “And it’s not about coming up with more ideas, it’s about making things happen.

More than 1,000 startups have already entered the Extreme Tech Challenge, a unique competition designed to fuel the world’s top emerging tech entrepreneurs and accelerate their success. Launched by MaiTai Global, the event gives entrepreneurs an opportunity to showcase their ideas at CES 2015. The top three finalist will venture to Sir Richard Branson’s private Necker Island to pitch him and our all-star team of judges, including the inventor of Google Maps Lars Rasmussen, Samsung President Young Sohn, CEA President Gary Shapiro, and Felix Baumgartner, who jumped from the edge of outer space.

Submissions for the Extreme Tech Challenge will be accepted until September 30, 2014. Participating startups should be tech-based with less than $10 million in revenue and have a working demo and product/market fit. Prizes include access to funding, free infrastructure, distribution support, investment banking consultation, legal and tax advice, social media training and social media management services.

To enter, visit www.extremetechchallenge.com/enter. To view an infographic that maps the path to the finish line for this year’s startup participants, visit www.rightsourcesocial.com/xtc. The infographic was created by SMMU and Right Source Social, two of this year’s XTC partners.

Infographic brought to you by Right Source Social.

Please click here if you are not redirected within a few seconds.

extremetechchallenge extremetechchallenge rightsourcesocial smmu