Fintech Valley Vizag and Bizofit Partner to Launch 1 Million $ Global Startup Challenge

Fintech Valley Vizag and Bizofit Partner to Launch 1 Million $ Global Startup Challenge


Fintech Valley Vizag and Bizofit Partner to Launch 1 Million $ Global Startup Challenge

A Global Search for Next-generation Startups and Unicorns that will position VIZAG as a “Virtual Innovation Zone Accelerating Growth” and position the State of Andhra Pradesh as a “Gateway to India’s Digital Transformation” 

  • More than 150 delegates at each of Chicago, New York and San Francisco Roadshows including Banks, corporates, startups, and investors
  • 1 Million $ Global Startup Challenge – Inviting Startups from across the globe to showcase their solutions and get a chance to win a total of 1 Million $ in funding 

Fintech Valley Vizag and Bizofit announced today the 1 Million $ Global Startup Challenge being conducted worldwide enabling startups to showcase their products and solutions.  With roadshows planned in 8 major cities (Chicago, New York, San Francisco, Tel Aviv, Paris, London, Hong Kong and Bangalore) around the globe, the challenge will culminate in Vizag with 25 Finalists from around the world pitching on Demo Day. Winners will be announced at the Award ceremony during the Vizag Fintech Festival from October 22-26, 2018.

“The Government of Andhra Pradesh is committed to creating a robust ecosystem of next-gen startups, and a talent pool that corporates, investors and Technology companies can leverage to navigate the emerging Digital Trends, and enable Co-Innovation”, says Mr JA Chowdary, Special IT Advisor to the Hon’ble Chief Minister of Andhra Pradesh.

“Bizofit is pleased to have been chosen as the North America Challenge Partner of Andhra Pradesh in this exciting journey. We believe, this will position VIZAG as a “Virtual Innovation Zone Accelerating Growth”, says Bala Palamadai, Founder and CEO of Bizofit, an Innovation Platform for Enterprises. 

The North American Roadshow – a multi-city series of challenges - hosted by Bizofit and Kyyba Innovations, kicked off in Chicago on September 7th. Pictures from the event are here -

The following Startups pitched in front of a panel of judges and investors:

Qio, PatientMD, Sivic, Antar IoT, Intellolabs, FusePLM, Sahave, vPeer, Mobile Mount, USA Doctor, Entrex, Cashew Blockchain, Hedgeness, EzFin, 3Bar Biologics, Coinifide, Lapetus Solutions, Sudrania Seamless Solution, Regavi, Etta,

Judges included prominent members of the Chicago startup ecosystem including Sean T. O’Kelly, Kevin Taylor, Shailu Tipparaju, Chad Glazer, Raj Krishnan, Sumeet Johar, Prateek Sangla, George Chikovani, Jerry Vachaparambil and Christian Ocana Vargas

The event included 2 CXO Panels. The first one on “Digital Trends and Imperatives for Corporates and Government” was moderated by Sri Atluri, a veteran Wall Street executive. The panelists included JA Chowdary, Sean T. O’Kelly, Ray Oral, and Anju Marempudi.

The second panel discussion on “Selling to Enterprises by Startups” was moderated by Nitesh Dixit, Principal at Auctus Advisors. The panelists included Ray Oral, Nykia Wright, and Paul McDermott.

The Chicago Roadshow & Regional Competition will be followed by New York on September 11th, San Francisco on September 13th, Tel Aviv on September 16th, Hong Kong on Sep 27th, Paris on October 3rd, London on October 5th, and Bangalore on October 10th.

More information on the Vizag Fintech Festival can be found at, and information on the Global Challenge can be found at 1 Million $ Global Startup Challenge.

Media Contact:

Bala Palamadai, Founder & CEO, Bizofit

+1 630 453 9104