Its not everyday, and anywhere that you are promised to “...watch an awesome cartoon then when you're done you have a superfast brain."
The annual 1776 Challenge Festival, however, is one of those places.
Drawing in startups from all around the world, the Challenge Festival is the final culmination of the Challenge Cup, a 16-city, 11-country international pitch competition, which identifies the most promising, and stellar startups in education, energy & sustainability, health and transportation & cities.
Having traveled the world, 1776 has assembled some of the best, and young entrepreneurs, who promise nothing less than for example to hack your brain, and revolutionize, and gamify the way your brain learns. Meet B-Genius from Bangalore, India, which wants to use cartoons amongst others, to give you a superfast brain!
Trina Das, CEO of B-Genius. Source: 1776
The topic of education launched the first day of the Challenge Festival, and saw amongst others the recurring topic of exorbitant tuition fees being emphasized. Hours of policy wonk exchange revealed that while higher education might not yet be predestined for the dustbins of history, it must undergo serious scrutiny and review, in order to compete with, and address the real educational demands of the 21st Century. As a result modern proprietary school such as General Assembly will continue to serve as an alternative to young educated millenials.
To address these, and other educational demands twenty international startups got their minute of fame, as they delivered their elevator pitches in front of a packed crowd, and esteemed jury.
In true startup fashion, the jury decided to deviate from the classic setup, which sees each day of the Challenge Festival feature an industry-specifc semifinal that identifies two startups per industry to advance to Saturday’s Global Finals. Instead three startups got to advance to the finals, which is a testimony to the “really strong educational field of this year” as Evan Burfield, co-founder of 1776 underlined.
Read Morgan Gress, Editor at 1776 announce the three Eduction winners of Mondays Challenge Festival Education Semifinal:
Congratulations to today’s THREE education winners! It was such a tough decision the judges couldn’t just choose just two. Meet the three headed to Saturday’s Global Finals below.
LearnLux — LearnLux creates online learning tools to teach people personal finance when they need it most. The company allows companies to empower their employees to become financially autonomous by giving them the skills and knowledge they need to make the best financial decisions. Boston, Massachusetts
Cognotion — Cognotion identifies talent, delivers functional utilization of knowledge, and decreases employee churn rate using gaming and video tools designed for entry-level millennials. They use emotion and context to teach hard and soft skills to entry level employees. New York, New York
Handsfree Learning — Handsfree helps students, teachers & institutions in learn-by-doing disciplines by supporting instruction, practice, assessment & feedback. By applying a range of hardware and software solutions to the process of technical skills acquisition, the Handsfree platform expands possibilities in subjects like dentistry, medicine, culinary arts, fine arts, cosmetology, and lab sciences. San Francisco, California
Check back for more Challenge Festival news, as well as post-coverage of the Challenge Festival, which will look at the bigger picture when it comes to transatlantic entrepreneurial cooperation, and the innovation being born out of Austria.
Quote of the Day
"You watch an awesome cartoon then when you're done you have a superfast brain."
Trina Das, CEO of B-Genius outlining her use case scenario.
Tweet of the Day
@angiejusino captured the great pitch humor of @PermissionClick, which generated the loudest laughs of the night.
1776 Takeaway of the Day
Whether at the Challenge Festival or not, keep in mind these seven factors that define the success or failure of your potential six-figure pitch! Donna Harris & Evan Burfield, co-founders of 1776 outline the magic that needs to happen for startups to walk away with the bulk share of an $650,000 investment pot for example, which will be distributed at this years Challenge Festival.