18 Regional Startups Win Accolades at the Asean Rice Bowl Startup Awards 2018
KUTA, Indonesia, Feb. 25, 2019 /PRNewswire/ -- 18 leading ASEAN startups were named category winners at the 4th ASEAN Rice Bowl Startup Awards (Rice Bowl) ceremony today with Philipines startup Revolution Precrafted selected as the winner of Startup of the Year award. All selected regional winners will be representing Southeast Asia at the Global Startup Awards later this year.
"The ASEAN Rice Bowl Startup Awards is the first regional award that recognises outstanding startups that provide innovative and sustainable solutions on improving local livelihood, and has the potential to be scaled regionally. It provides a regional platform for our innovative, local-grown entrepreneurs to grow globally," said Chairman of the ASEAN Rice Bowl Startup Awards and CEO of New Entrepreneurs Foundation (myNEF), Lilyana Latif.
Organised by myNEF since 2015, the ASEAN Rice Bowl Startup Awards celebrates the spirit of innovation and entrepreneurship in the Southeast Asian startup ecosystem. It also aims to increase the region's visibility as a vibrant global hub for innovation and celebrate the startup ecosystem instrumental in driving that progress.
"The Rice Bowl is the official Southeast Asia circuit for the Global Startup Awards (GSA) and it provides the opportunity for market access, funding and media exposure regionally," she added. The Rice Bowl is part of the GSA circuit that recognises startup eco-systems worldwide. Other circuits include the Nordics, Central Europe and Southern Africa. With the GSA partnership, Rice Bowl startups are given a clear path - from village to the global stage.
In 2018, a total of 2,000 entries were received from 9 countries across Southeast Asia. A panel of over 100 judges from across the globe comprising of entrepreneurs, investors, business advisors and coaches, media and startup development organisation, then evaluated the entries in 3 broad areas: actual and potential growth, scalability and impact.
The Winners for the 4th ASEAN Rice Bowl Startup Awards are:
This year's Rice Bowl Gala saw an impressive crowd consisting of distinguished guests, ecosystem players, investors, government officials and media from 17 countries came together in Bali to honor entrepreneurs for the products and services they provide to their community. Distinguished guests included Daniel Hastik, Founder of NextTechVenture; Surina Shukri, CEO of Malaysia Digital Economy Corporation (MDEC); Kamarul Bahrin, Astro Awani; Mik Stroyberg, CEO and Founder of Good Monday; Frans Budi Pranata, The Winner Institute; Lyra Puspa, President and Founder of Vanaya Coaching International; Mohan Ram from Digital Ocean; Tongjai Thanachana Director of C-ASEAN Thailand; and Dr Catherine Shiang, Asia Capital.
"Based on the declared submissions of our 118 unique finalists, their collective Monthly Recurring Revenue is USD103.7 million. They have also successfully raised over USD350 million in investments in the past," shared Lilyana. "So if we take a crude average, the average valuation of each of the finalists is around USD2.96 million per company. Truly South East Asia shows much potential in the Digital Economy sector."
The Rice Bowl is made possible from the support of strategic partners as well as ASEAN and community partners. The ASEAN Rice Bowl awards in Bali is supported by
For the latest updates on the program, kindly visit ASEAN Rice Bowl Startup Awards official facebook at https://www.facebook.com/ricebowlawards/
PR Newswire is the News Release Distribution Partner of ASEAN Rice Bowl Startup Awards.
Note to Editor
For Media Enquiries, contact:
About ASEAN Rice Bowl Startup Awards
The ASEAN Rice Bowl Startup Awards is an exciting series of events throughout Southeast Asia that lauds exemplary talent in the startup community. Organised by New Entrepreneurs Foundation (myNEF) since 2015, Rice Bowl places the spotlight on rising start-ups in the ASEAN countries, with the aim of increasing the region's visibility as a vibrant startup ecosystem and global hub for innovation. www.ricebowlawards.com
About New Entrepreneurs Foundation
Established in 2012, the New Entrepreneurs Foundation (myNEF) is a non-profit organization that nurtures entrepreneurs through developmental and coaching programs. It plays an instrumental role in bridging industry players with the Government and related agencies, both locally and in the Southeast Asian region. Its signature programs include, SUPERBXCEL, COMICXCEL, Online Business Financing (OBF), BAHTERA 2015 and 2017, and ASEAN Rice Bowl Startup Awards. www.mynef.com
SOURCE New Entrepreneurs Foundation