5 days before the upcoming JFDI demo day for the JFDI-Innov8 bootcamp 2012, the mentors for the program were invited to hear the pitches from the 11 companies. All the companies have emerged from a tough and grueling hundred days where they had to make difficult decisions for their start-ups. They have come a long way and here are the interesting companies you should take a look at.
On a Friday afternoon, just a week before Demo Day, the mentors who have spent their time with the incubatees from JFDI were given a preview screening of the pitches made by the 11 companies (see list below). In essence, all the founders of the companies have put up a convincing show that they are ready be on prime time and take their pitch to the investors. What is interesting is that the team of JFDI have also given investment “chips” of the denominations $10K, $25K, $50K, $100K and $250K for the mentors to cast on the teams. Credit to the management team led by Hugh Mason and Meng Weng Wong, the teams have prepared well for their pitches. If you have not read, one of the JFDI companies, Kark has already received investment from a VC firm in Jarkata called IdeoSource.
Of course, you can see how the mentors have assessed the companies based on the amount of “investment” they have put into the teams. While it is not an accurate indicator as to how the investors will think, the teams still have a final chance to practise and perfect their current pitches for the Demo Day.
After the pitching session, it was all wine and cheese between the mentors and incubatees in Blk 71, and it was a time where the mentors can provide feedback to the teams and advice for the coming Demo Day.
List of Companies for JFDI-Innov8 Bootcamp 2012
(Source: JFDI)
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